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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? trading and social investing platform eToro announced it will officially launch its platform in the U.S. The platformwhich is in operation in more than 140 locations, will eventually be available in 30 states and 2 territories, with plans to expand further in the U.S. after receiving the necessary regulatory sign-offs.<p></p><p>This U.S. platform will only be able to support trading for crypto assets when it launches, but eToro plans to expand its asset classes in the coming 12 months. The existing markets on eToro are where the company's 10 million-plus users are able to exchange and keep more than 1500 different asset classes and markets, including stocks, bonds the cryptocurrencies, fiat currencies commodities, and many more.</p><p>While eToro even supports more advanced techniques for trading -- such as short-selling and using leverage -- the platform's transparency and community engagement features are great tools that help beginners understand market and how to trade.</p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><p></p><p>EToro is a combination of social network, trading platform plus a resource for learning. Everyone who joins eToro can access, read, and comment on and copy the trading activity as well as the other members on the network, as well as their own realized gains and losses up to date (though only as a percentage basis, to protect financial information that is sensitive). While studying the strategies employed by their peers Users can decide to utilize virtual currency to practise and train effectively before placing their money at risk.</p><p>However, based off a trader's history, other members can copy their portfolio with eToro's "CopyTrader?" feature, which allows for a proportional allocation of funds to match the investor's portfolio, but also automates create any trade the copied investor's makes. In addition users can also choose to connect, comment on and engage with certain people, assets, or markets -- they can also participate in discussions and latest news about their specific area of interest.</p><p>Despite being limited to crypto initially, virtually all of the features that are available on eToro's current geographical markets will be available at a lower cost in the U.S. And alongside https://controlc.com/1ec913ff trading platform, the company is launching an online multi-signature eToro wallet, where users can store, exchange and receive various coins across a variety of cryptocurrencies.</p><p>Using the eToro Accounts, U.S. users can transfer cryptocurrency funds to and from their trading account . They will be able to convert between them and vice versa. The wallet's initial support will include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to offer additional currencies accessible in the near future.</p><p>EToro users are able to make transactions in exchange for sharing trading activities and performance of their portfolios with the community that allows users to talk about options that are executed using real dollars</p><p></p><p>The expansion plan, however have a low risk. EToro enters a highly competitive market -- along with other popular trading platforms , such as Coinbase and Robinhood -and has announced a cryptocurrency-only version during the midst of "crypto winter," where widespread weakness has afflicted the sector.</p><p>A significant part of the plan is due to the fact that crypto is less expensive from a licensing standpoint compared and other investment classes in the highly restrictive and fragmented U.S. regulatory environment. But the company's plan to launch its product is also solidly rooted on the company's belief of the enormous market potential 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 said in an interview with TechCrunch?.</p><p>EToro has an approach that is long-term in the company's strategy and isn't deterred at by the current market weakness. Assia has compared the current market weakness with the bubble of dotcom in which, despite the downturn, the internet still permeated and created disruption in the longer term. Just like an internet connection, Assia is also eToro believe that there is more than enough space for multiple winners within the larger crypto ecosystem.</p><p>The company was the very first platform in its market to accept 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 the two currencies in any way that they need.</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>