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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investing and trading platform eToro announced that it is set to launch its website in U.S. The platform, which currently operates in over 140 countriesaround the world, will now be accessible in 30 states and two territories . It also has plans to expand across the U.S. after receiving the needed regulatory approvals.<p></p><p>The U.S. platform will only offer trading on crypto assets at the time of launch, however eToro plans to offer additional asset classes over the course of the next 12 months. With the existing markets, the 10 million or more users are able to trade and manage more than 1500 asset classes in markets including bonds, stock the cryptocurrencies, fiat currencies commodities and more.</p><p>While eToro is able to support more advanced techniques for trading -- such as short-selling , as well as the use leverage, the platform's transparency as well as community engagement features can be great tools for novices to get familiar with the capital markets and understand how to trade.</p><p></p><p>EToro is equal parts social network, trading platform in addition to an academic resource. Anyone who signs up for eToro will be able to read, write about as well as copy the trades of other members of the network, in addition to their actual returns and losses to date (though only at a % basis to safeguard sensitive financial data). While studying other traders' strategies or using the platform, users can make investments using virtual currency to test their skills and gain experience before investing their own money.</p><p>Alternatively, based on a trading history, users may decide to imitate their portfolios by using the "CopyTrader?" feature, which not only proportionally allocates funds to fit the trader's portfolio, but also will automatically complete any trade the copied investor makes. Furthermore members also have the ability to comment, share and engage with specific users, asset types or markets, allowing them to participate in the most current debates and news in their area of interest.</p><p>However, despite being restricted to crypto at the time of launch, virtually all of the features that are available on eToro's current regions will be made available on the U.S. And alongside its trading platform and services, the company has launched their digital multi-signature eToro wallet. With https://www.click4r.com/posts/g/3674905/how-to-buy-bitcoin , users can store, exchange and receive numerous coins across a variety of crypto currencies.</p><p>By using these eToro Accounts, U.S. users can now transfer cryptocurrency into and from their trading accounts and can convert them 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 available in the near future.</p><p>EToro users can transact in exchange for sharing trading activities and performance of their portfolios with the community with the ability to discuss ideas and implement them with real dollars</p><p></p><p>The expansion program, however come without risk. EToro plans to enter a competitive marketplace -- alongside other well-known trading platforms such as Coinbase and Robinhood -and is now launching a cryptocurrency-only version during the midst of "crypto winter," where widespread weakness has plagued the sector.</p><p>A portion of the strategy can be in part due to the reality that crypto is lighter in terms of licensing compared with other classes of assets in the highly regulated and splintered U.S. regulatory environment. However, the launch strategy of eToro is also strongly rooted to the firm's belief that the vast market opportunities that is available through the 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 is taking the long view with its strategy and isn't getting sucked by the current crypto market weakness. Assia described the market's weakening by comparing it to the dotcom bubble that despite the downfall, the internet still permeated and altered the economic landscape in the long term. Similar to Internet, Assia along with eToro believe that there will be more than enough space for multiple winners within the larger crypto market.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></p><p>The company was the first platform in its market to offer support for Ethereum and Ripple and believes that when similar currencies and the new generation of investors get older, eToro will be there to help 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," 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>