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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social trading and investing platform eToro announced it will finally be launching it's platform across the U.S. The platformthat already operates in over 140 countrieswill become available in 30 states and two territories with plans to expand elsewhere in the U.S. after receiving the required regulatory approvals.Its U.S. platform will only allow trading of crypto currencies at launch, but eToro plans to introduce additional asset classes within the next 12 months. On eToro's current markets, its 10 million plus customers are able to buy and sell more than 1500 asset classes and markets that include bonds, stocks, cryptocurrencies, fiat currencies, commodities and more.While eToro has more advanced trading strategies such as selling short and the use of leverage, the platform's transparency as well as community engagement features are great tools for those who are just beginning to understand the capital markets and understand how to trade.EToro is a social network, trading platform for education and trading platform. Anyone who is a member of eToro is able to observe, comment and even copy the trading actions as well as the other members on the network, and also their actual profits and losses to date (though only by a percentage to keep confidential financial data safe). While learning from the techniques of their counterparts, users can opt to invest in virtual currencies to make practice and improve their skills prior to taking the plunge and risking their own funds.Alternatively, based on a trading history, users may choose to copy their portfolio using eToro's "CopyTrader?" feature, which doesn't just proportionally allocate funds to match the investor's portfolio, but it also allows the copied investor to automatically make any trade the copy investor does. Additionally users can also choose to share, comment on or engage with certain people, assets, or markets -- allowing them to participate in the most current debates and news in their specific field of interest.While it will be limited to crypto when it first launched, many of the same features currently available to eToro's locations will be offered for users within the U.S. And alongside https://anotepad.com/notes/mawqk8p9 trading platform, the company is launching its own digital multisignature eToro wallet, which allows users to can manage, store and receive many coins across a myriad of cryptocurrencies.Using accounts with eToro accounts U.S. users can move cryptocurrencies onto and from their trading account . Additionally, they can convert them between and vice versa. The wallet initially will support 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 are able to make transactions or share trading data and performance of their portfolios with the community with the ability to discuss ideas and execute them using real dollarsThe expansion plan, howeverdoes come without risks. EToro wants to join a competitive marketplace , along with famous trading platforms such as Coinbase as well as Robinhood -and is also launching a exclusively in the midst of "crypto winter," where general weakness has plagued this sector.The reason behind this strategy is attributable to the fact that crypto is a lighter lift from a licensing standpoint to other asset classes in the rigid and extremely fragmented U.S. regulatory environment. However, the strategy behind eToro's launch is also firmly rooted by its belief in an enormous market opportunity that comes with cryptocurrency 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 said in an conversation with TechCrunch?.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>EToro is taking the long view with its approach and isn't overthrown by the current crypto market weakness. Assia has compared the current market weakness to that of the dot com bubble which, despite the market crash, the internet remained a part of it and interrupted the economy in long-term. Just like the internet, Assia and eToro believe that there is more than enough space for multiple winners within the larger crypto market.The company was the first market to support Ethereum and Ripple, and believes that , as similar currencies and the future generation of investors mature, eToro will be there to help these currencies wherever and in any way they require."When I founded eToro, I envisioned a community where people could trade, invest and share their knowledge in a simple and transparent way," 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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