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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced that it is set to launch its service in the U.S. The platformwhich operates in more then 140 countriesaround the world, will now be accessible in 30 states and two jurisdictions with plans to expand further in the U.S. after receiving the required regulatory approvals.<p></p><p>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 twelve months. In the eToro markets that are currently available, its 10 million plus customers can buy and sell more than 1500 different asset classes and markets, including stocks, bonds along with cryptocurrencies, fiat currencies commodities, and more.</p><p>Although eToro can also support more advanced techniques for trading -- such as short-selling as well as the use of leverage, the platform's transparency and community engagement functions are great resources for those who are just beginning to understand the capital markets as well as how to trade.</p><p></p><p>EToro is equal parts social network, trading platform for education and trading platform. Anyone who joins eToro can view, discuss as well as copy the trades from everyone else on the network, as well as their realized losses and gains to date (though only at a % basis to secure sensitive financial information). While studying the methods of their peers Users can decide to put money into virtual currency so that they can be able to train and practice their skills before taking the plunge and risking their own funds.</p><p>Alternatively, based on a trader's past performance, other customers can decide to copy their portfolio using eToro's "CopyTrader?" feature, which will not only allocate funds in line with the trader's portfolio, it can also take any trade the copied investor performs. Furthermore they are also able to comment, share as well as follow particular individuals, assets or markets, giving them the opportunity to engage in the latest discussions and news on their particular field of interest.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></p><p>While it will be limited in the beginning to crypto, basically all of the functions available on the existing global markets will be available throughout the U.S. And alongside its trading platform it's also launching its multi-signature digital eToro wallet, where users can store, exchange and receive various coins across a variety of cryptocurrency.</p><p>With them with their eToro account, U.S. users can transfer cryptocurrency to and through their trading account. In addition, they are able to convert them easily as well. The wallet will initially 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.</p><p>EToro users can execute transactions while sharing their trading actions and portfolio performance with the community, allowing users to discuss ideas and implement them with real dollars</p><p></p><p>The expansion plan, however, doesn't come without risk. https://controlc.com/61b3ade3 will be entering into a highly competitive market -- along with other top trading platforms such Coinbase and Robinhood -and is now launching a only in crypto during the midst of "crypto winter," where widespread weakness has plagued the sector.</p><p>A portion of the strategy can be due to the fact that crypto is a lighter lift from a licensing point of view compared against other assets within the strict and highly fragmented U.S. regulatory environment. But the company's plan to launch its product is also firmly grounded in the firm's belief in the vast market opportunity for currency 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 an approach that is long-term in their strategy and hasn't been impacted at by the current market weakness. Assia identified the weakness in the market as the dot-com boom, in which, despite the downturn, the internet persisted and destroyed the economy in long-term. Just like online, Assia and eToro believe that there is more than enough space for multiple winners in the wider crypto economy.</p><p>The company was the very first platform to accept Ethereum and Ripple, and believes that as similar currencies and the next generation of investors mature, eToro will be there to assist the two currencies in the way they need it.</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>