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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced it is launching its platforms in U.S. The platform, which operates in more than 140 different countries, will soon be available in 30 states and two countries with plans to expand throughout the U.S. after receiving the necessary regulatory approvals.This U.S. platform will only support trading for crypto assets in the beginning, but eToro plans to add more asset classes within the next 12 months. With the existing markets, the more than 10 million users can exchange and keep more than 1500 different asset classes and markets such as bonds, shares or cryptocurrencies, currencies that are fiat commodities, and many more.Although eToro does support more advanced trading strategies such as short-selling and the use of leverage, the platform's transparency , community engagement capabilities are excellent tools for novices to get familiar with the markets and discover how to trade.EToro is equal parts trading platform, social network as well as an educational tool. Any user who signs up to eToro is able to observe, comment and record the trading activity of everyone else on the network, as well as their realized losses and gains so far (though only by a percentage to safeguard sensitive financial data). While learning from the techniques of their counterparts Users can decide to invest in virtual currencies to test their skills and gain experience before even putting their money on the line.In addition, based on a trading history, users can also choose to replicate their portfolio through eToro's "CopyTrader?" feature, which not only proportionally allocates funds to match the investor's portfolio, but will also perform any trade that the copied investor's. On top of that they are also able to share, discuss and engage with certain users, assets or markets, making it possible for them to take part in the most current debates and news about their particular area of interest.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>While it will be limited to crypto initially, virtually all features currently available to eToro's market will be available in the U.S. And alongside its trading platform it's also launching it's digital multi-signature eToro wallet. This wallet will let users can send, store and receive various coins across a variety of crypto currencies.By using their eToro customers' accounts U.S. users can move cryptocurrencies onto and out of their trading accounts. http://www.docspal.com/viewer?id=- have the ability to easily convert between and vice versa. It will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to make additional currencies accessible in the near future.EToro users can perform transactions while sharing their trading actions and performance of their portfolios with other EToro users that allows users to talk about concepts that are implemented using real dollarsThe expansion program, however come without the risk. EToro has entered a competitive market -- with popular trading platforms like Coinbase and Robinhood -- and is launching its only in crypto during the midst of "crypto winter," where massive weakness has plagued the sector.The strategy's success is due to the fact that crypto has a lower cost from a licensing perspective relative with other classes of assets within the strict and highly fragmented U.S. regulatory environment. However, the launch strategy of eToro is also firmly grounded into the company's belief the vast market opportunity due to the tokenization of assets."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, in a conversation with TechCrunch?.EToro has an outlook on the future with its strategy and isn't thrown by the current crypto weakness. Assia identified the weakness in the market to that of the dot com bubble where , despite the collapse, the internet continued to be a force that affected the economy in the longer term. Similar to an internet connection, Assia and eToro believe there will be more than enough space to make multiple winners in cryptocurrency's larger ecosystem.It was the first market to be able to support Ethereum and Ripple and believes that , as similar currencies and the new generation of investors get older, eToro will be there to support them wherever they are in the way they need it."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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