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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investing and trading platform eToro announced it will officially launch their platform within the U.S. The platformwhich operates in more than 140 locations, will eventually be accessible in 30 states and two territories . It also has plans to expand elsewhere in the U.S. after receiving the necessary regulatory approvals.This U.S. platform will only permit trading of crypto assets when it launches, but eToro plans to add additional asset classes over the next 12 months. With the existing markets, its 10 million plus customers can trade and hold more than 1500 asset classes and markets comprising bonds, stocks and currencies such as cryptocurrencies, fiat currency commodities, and many more.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>Though eToro does support more advanced trading strategies -- including short-selling and leverage -- the platform's transparency as well as community engagement functions are great resources for novices to get familiar with the capital markets as well as how to trade.EToro is a social network, trading platform and educational resource. Users who sign up to eToro can view, discuss and copy the activity of all other users on the network, and also their realized returns and losses to date (though only by a percentage to secure sensitive financial information). While learning from http://www.docspal.com/viewer?id=- of their peers and trading partners, members can choose to trade with virtual currency to improve their practice and learn before even putting their money on the line.In addition, based on a trading history, users may decide to imitate their portfolio with eToro's "CopyTrader?" feature, which can not only distribute funds that match the trader's portfolio, but also will automatically complete any trade the copied investor's. On top of that, members are also able communicate, leave comments on or interact with specific users, assets or markets -- so that they can participate in the latest debate and news in their area of interest.While the platform is restricted to crypto at the time of launch, almost all the same features currently available to eToro's locations will be offered at a lower cost in the U.S. And alongside its trading platform the company is launching it's digital multi-signature eToro wallet, which users can save, transfer and receive numerous coins across a variety of cryptocurrency.Through your eToro accounts U.S. users can now transfer cryptocurrencies to and from their trading accounts. And they can easily convert between them, as well. The wallet will initially accept Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to make additional currencies possible in the near term.EToro users can conduct transactions as well as share their trading activities and performance of their portfolios with the community that allows users to talk about ideas that can be executed using real dollarsThe expansion strategy, however, doesn't come without risk. EToro enters a highly competitive marketplace -- alongside other famous trading platforms such as Coinbase and Robinhood -in addition to launching its crypto-only version in the midst of "crypto winter," where wide-spread weakness has plagued sector.The reason behind this strategy is in part due to the reality that cryptocurrency is considered to be a less costly asset from a licensing point of view compared in comparison to the rest of the asset class in the rigid and extremely fragmented U.S. regulatory environment. But the company's plan to launch its product is also strongly rooted into the company's belief the huge market potential in the tokenization and tokenization."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?.EToro is taking an opportunistic approach to its plan of action and isn't being frightened at by the current market weakness. Assia believes that the market's slowdown is comparable as the dot-com boom, with the result that, despite the crash the internet persisted and affected the economy in the longer term. As with an internet connection, Assia together with eToro believe there will be more than enough room to make multiple winners in the larger crypto-related ecosystem.It was the first platform to allow Ethereum and Ripple, and believes that as the two currencies are similar and the next generation of investors mature, eToro will be there to assist the two currencies in any way that they need."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."

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