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https://controlc.com/776be4c0 Reports Fourth Quarter and Full Year 2021 ResultsThe social investment and trading platform eToro announced that they will soon launch its services in the U.S. Its platform, currently has operations in more that 140 countries accessible in 30 states and two states with plans to expand outside of the U.S. after receiving the required regulatory approvals.<p></p><p>Its U.S. platform will only accept trading in crypto assets initially, however eToro plans to add additional asset classes over the course of the next 12 months. In the current market, the more than 10 million users can trade and store more than 1500 asset classes and markets which include bonds, stocks cryptocurrency, fiat currencies commodities, and many more.</p><p>Although eToro can also support more advanced trading strategies such as short-selling as well as the use of leverage -- the platforms' transparency and community engagement features serve as excellent tools for novices to get familiar with the trading markets and learn to trade.</p><p></p><p>EToro is equal parts social network, trading platform or educational platform. Anyone who joins eToro can view, discuss and replicate the trading activities of other members of the network, and also their realized returns and losses to date (though only on a per-cent basis to secure sensitive financial information). While learning from the strategies used by their peers or using the platform, users can use virtual currency in order to improve their practice and learn before taking on risk with their own money.</p><p>Based on a trader's history, other users can also choose to replicate their portfolios by using the "CopyTrader" feature, which not only proportionally allocates funds that match the trader's portfolio but can also automatically create any trade the copy investor does. On top of that users are also able to post comments, share information the posts of certain people, assets, or markets, allowing them to participate in the latest debate and news regarding their particular area of interest.</p><p>Although the service is limited in the beginning to crypto, many of the same functions available on the existing market will be available for users within the U.S. And alongside its trading platform and services, the company has launched an online multi-signature eToro wallet. With it, users can save, transfer and receive various coins across a variety of cryptocurrencies.</p><p>By using these eToro customers' accounts U.S. users can now transfer cryptocurrencies from their trading account . Additionally, they are able to convert them easily and also. The wallet will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but it is planned 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 are able to make transactions or share trading data and performance of their portfolios with other EToro users which allows users to exchange ideas , and then execute the transactions using real dollars</p><p></p><p>The expansion plan, however, does not come without risks. EToro wants to join a competitive marketplace , alongside popular trading platforms , such as Coinbase as well as Robinhood -and is planning to launch a crypto-only version in the midst of "crypto winter," where wide-spread weakness has plagued sector.</p><p>A significant part of the plan is because crypto is less expensive from a licensing perspective relative to other asset classes in the extremely regulated and fragmented U.S. regulatory environment. The launch plan of eToro's is also strongly rooted into the company's belief the immense market opportunity that exists with the cryptocurrency tokenization.</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 told a interview with TechCrunch.</p><p>EToro has long-term perspectives with its strategy and isn't getting sucked into the current crypto slump. Assia identified the weakness in the market in the wake of the dot-com crash, in which, despite the downturn, the internet continued to permeate and perturbed the economy over the long run. https://notes.io/U69p to Internet, Assia together with eToro believe there will be more than enough room to make multiple winners in the larger crypto-related ecosystem.</p><p>It was the first market to be able to support Ethereum and Ripple and is confident that , as similar currencies and the future generation of investors mature, eToro will be there to help the two currencies in any way they require.</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>