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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investing and trading platform eToro announced it is finally launching its platform in the U.S. The platformthat already operates in over 140 countries, will be available in 30 states and two jurisdictions with plans to expand beyond the U.S. after receiving the necessary regulatory sign-offs.<p></p><p>Its U.S. platform will only provide trading support for crypto assets at launch, but eToro plans to add additional asset classes within the next twelve months. Within the existing markets of eToro, its more than 10 million customers are able to exchange and keep more than 1500 different asset classes as well as markets that include bonds, stocks the cryptocurrencies, fiat currencies commodities and more.</p><p>Although eToro also supports more sophisticated trading strategies -- such as trading with short-terms and leverage, the features of the platform's transparency and social engagement features are great tools for beginners to learn the capital markets , and also learn to trade.</p><p></p><p>EToro is a social network, trading platform or educational platform. Anyone who signs up for eToro is able to observe, comment and even copy the trading actions from everyone else on the network, and also their actual profits and losses so far (though only as a percentage basis, to safeguard confidential financial information). While studying the methods of their peers they can also choose to play with virtual currency and be able to train and practice their skills before taking the plunge and risking their own funds.</p><p>Additionally, based upon a trader's history, other users can select to mirror their portfolio using eToro's "CopyTrader?" feature, which is not only able to allocate funds to match the trader's portfolio, but also automates ensure that any trade the copied investor makes. Furthermore, members are also able to post comments, share information their favorite topics, interact with or follow certain users, assets or markets -- so that they can participate in the most current debates and news regarding their particular area of interest.</p><p>While it will be limited to crypto initially, virtually all of the features available on eToro's previous countries will be accessible within the U.S. And alongside https://shrimpglue1.tumblr.com/post/675789060052320256/how-to-buy-bitcoin trading platform the company has announced their digital multi-signature eToro wallet, where users have the ability to store, send and receive multiple coins from a variety of cryptocurrency.</p><p>Through them with their eToro and eToro accounts U.S. users can currently transfer cryptocurrency to and from their trading account and have the ability to easily convert between, as well. The wallet initially will support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company plans to add additional currencies accessible in the near future.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></p><p>EToro users can make transactions and share trading activities and performance of their portfolios with other EToro users which allows users to exchange ideas that are executed using real dollars</p><p></p><p>The expansion plan, however, does not come without risk. EToro wants to join a competitive marketplace -- alongside other popular trading platforms like Coinbase as well as Robinhood -and is also launching a crypto-only version in the midst of "crypto winter," where the widespread weakness has plagued the sector.</p><p>A portion of the strategy can be related to the fact that crypto is lighter from a licensing perspective relative different asset types in the highly unstructured and strict U.S. regulatory environment. However, the strategy behind eToro's launch is also strongly rooted in the company's belief in the vast market opportunity in the digital tokenization of asset.</p><p>"We think [the tokenization of assets] is a bigger opportunity than the internet and we have to be in the U.S. when it happens, given it's the financial hub in the world," eToro founder and CEO Yoni Assia mentioned in a interview with TechCrunch?.</p><p>EToro is taking a long-term view with its strategy and isn't getting sucked by the current weakness in crypto. Assia said that the market's weakness is similar and the dot.com bubble that despite the downfall, the internet persisted and disrupted the economy in the long run. Similar to the internet, Assia and eToro believe that there is more than enough room to make multiple winners in the larger crypto-related ecosystem.</p><p>The company was the very first market to allow Ethereum and Ripple and believes in the future that as related currencies and the next generation of investors mature, eToro will be there to assist them wherever they are in any way that they need.</p><p>"When I founded eToro, I envisioned a community where people could trade, invest and share their knowledge in a simple and transparent way," Assia said. Assia. "EToro also acts as a bridge between the old world of investing and a blockchain-powered future, helping our users navigate and benefit from the transition to crypto assets for wealth building."</p>