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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investing and trading platform eToro announced it will finally be launching its service in the U.S. The platformwhich has operations in more that 140 international countries, would be available in 30 states as well as two territories. There are plans to expand further in the U.S. after receiving the required regulatory approvals.Its U.S. platform will only be able to support trading for crypto assets at launch, but eToro is planning to launch additional asset classes in the next 12 months. In the current market, the company's 10 million+ users can trade and hold more than 1500 asset classes and markets, including stocks, bonds, cryptocurrencies, fiat currencies commodities and more.While eToro even supports more advanced trading strategies , including trading with short-terms and leverage -- the platform's transparency and community engagement capabilities are excellent tools for those who are just beginning to understand the capital markets , and also learn to trade.EToro is a combination of social network, trading platform plus a resource for learning. Any user who signs up to eToro can observe, share as well as copy the trades from everyone else on the network, and also their realized losses and gains up to date (though only as a percentage basis, to keep confidential financial data safe). While learning from other traders' strategies the users are able to make investments using virtual currency to learn and practice before placing their money at risk.On the other hand, based on a trader's track record, other customers can decide to copy the portfolio using eToro's "CopyTrader?" feature, which can not only distribute funds to match the investor's portfolio, but it also allows the copied investor to automatically make any trade copied investor's makes. Furthermore users can also choose to connect, comment on engaging with, or follow certain users, assets or markets -- they can also participate in the most recent debates and news about their particular area of interest.Although it is limited by crypto at launch almost all the same functions available on the existing market will be available on the U.S. And alongside its trading platform the company has announced an online multi-signature eToro account, where users can send, store and receive numerous coins across a variety of crypto currencies.By using accounts with eToro accounts U.S. users can now transfer cryptocurrencies to and from their trading accounts. https://kneebra9.bravejournal.net/post/2022/02/10/How-to-Buy-Bitcoin can convert them between and also. The wallet is initially able to support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company intends to make additional currencies readily available in the coming months.EToro users can execute transactions while sharing their trading actions and performance of their portfolios with other EToro users that allows users to talk about ideas and implement them with real dollarsThe expansion strategy, however, doesn't have a low risks. EToro has entered a competitive market, along with other prominent trading platforms like Coinbase and Robinhood -and has announced a crypto-only version in the midst of "crypto winter," where massive weakness has plagued the sector.Part of the strategy is in part due to the reality that crypto has a lower cost from a licensing standpoint against other assets within the strict and highly fragmented U.S. regulatory environment. The launch plan of eToro's is also strongly rooted in its belief in an enormous market opportunity due to the currency tokenization.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>"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 conversation with TechCrunch?.EToro is taking the long-term view in its plan of action and isn't being frightened into the current crypto slump. Assia equated the market softness in the wake of the dot-com crash where , despite the collapse, the internet was still a major factor and affected the economy in the longer term. As with technology, Assia together with eToro believe there will be more than enough room for multiple winners in the larger crypto-related ecosystem.The company was the very first platform in its markets to support Ethereum and Ripple and believes in the future that as related currencies and the next generation of investors mature, eToro will be there to support these currencies wherever and in whatever way 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," 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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