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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced that it will launch its services in the U.S. The platform, which has operations in more that 140 locations, will eventually be available in 30 states as well as two territories. There are plans to expand across the U.S. after receiving the necessary regulatory approvals.<p></p><p>Its U.S. platform will only accept trading in crypto assets in the beginning, but eToro is planning to launch additional asset classes over the course of the next 12 months. In the current market, the company's more than 10 million users can trade and manage more than 1500 asset classes and markets that include bonds, stocks cryptocurrency, fiat currencies commodities and more.</p><p>Though eToro has more advanced trading strategies such as short-selling and the use of leverage, the platforms' transparency and community engagement features act as great tools for novices to get familiar with the capital markets , and also learn to trade.</p><p></p><p>EToro is equal parts social network, trading platform along with an online educational source. Anyone who signs up for eToro can access, read, and comment on as well as copy the trades of everyone else on the network, in addition to their realized profits and losses so far (though only according to a percentage, in order to protect confidential financial information). While studying the strategies employed by their peers the users are able to utilize virtual currency to be able to train and practice their skills before making a decision to invest their own money.</p><p>If you want to, based on the trader's history, other users can also choose to replicate their portfolio by using eToro's "CopyTrader?" feature, which will not only allocate funds to the trader's portfolio, but will also complete any trade the copied investor's makes. Additionally members also have the ability to comment, share, engage with or follow certain individuals, assets, or markets, which allows them to be part of the latest discussions and news concerning their area of interest.</p><p>While it will be limited to crypto at the time of launch, almost all the same features offered by eToro's other locations will be offered at a lower cost in the U.S. And alongside its trading platform the company has announced their digital multi-signature eToro wallet. http://cqms.skku.edu/b/lecture/798787 can save, transfer and receive several coins across a range of cryptocurrency.</p><p>Using your eToro Accounts, U.S. users can now transfer cryptocurrencies from their trading accounts and can easily convert between them as well. The wallet is initially able to 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 time.</p><p>EToro users can make transactions while sharing their trading actions and performance of their portfolios with the community Users can also discuss strategies that are then executed with real dollars</p><p></p><p>The expansion plan, howeverdoes have a low risk. EToro moves into a competitive marketplace -- alongside other popular trading platforms like Coinbase as well as Robinhood -and has announced a digital currency-only platform in the middle of "crypto winter," where widespread instability has plagued the sector.</p><p>The strategy's success is directly related to the fact crypto is less expensive from a licensing perspective relative in comparison to the rest of the asset class in the extremely regulated and fragmented U.S. regulatory environment. However, eToro's approach to launch is also firmly grounded in its belief in the immense market opportunity in 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, in a conversation with TechCrunch?.</p><p>EToro is taking the long-term view in its approach and isn't overthrown with the current crypto weakness. Assia identified the weakness in the market to the dot-com bubble, where , despite the collapse, the internet continued to permeate and altered the economic landscape in the long term. And just like with the internet, Assia along with eToro believe there will be enough space for multiple winners within the larger crypto ecosystem.</p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><p>It was the first platform in its market which was able to integrate Ethereum and Ripple, and believes that as similar currencies mature and the next generation of investors mature, eToro will be there to help the two currencies in any way they require.</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>