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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 online platform to the U.S. The platformwhich is operational in more than 140 countries, will be accessible in 30 states as well as two territories. There are plans to expand across the U.S. after receiving the needed regulatory approvals.<p></p><p>Its U.S. platform will only offer trading on crypto assets when it launches, but eToro will be adding additional types of assets in the coming 12 months. In eToro's existing markets, the company's more than 10 million users can trade and manage more than 1500 asset classes and markets, including stocks, bonds crypto currencies, cryptocurrencies commodities, and more.</p><p>Though eToro even supports more advanced techniques for trading -- such as short-selling and using leverage -- the platform's transparency as well as community engagement features make it a great tool that help beginners understand financial markets and to learn to trade.</p><p></p><p>EToro is a trading platform, social network and educational resource. Anyone who joins eToro can view, discuss and copy the activity of other members of the network, in addition to their own realized gains and losses to date (though only by a percentage to protect confidential financial information). While studying https://anotepad.com/notes/wjrn7g8w , users can opt to invest with virtual currency to improve their practice and learn before actually risking their own money.</p><p>However, based off a trader's past performance, other customers can decide to copy their portfolio with eToro's "CopyTrader?" feature, which will not only allocate funds in line with the trader's portfolio, but also automates ensure that any trade the copied investor's makes. Additionally it allows members to post comments, share information the posts of specific users, asset types or markets, so that they can participate in the latest discussion and updates regarding their particular area of interest.</p><p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>Although it's only limited to crypto initially, many of the same features that exist in the current international markets will also be available on the U.S. And alongside its trading platform the company has announced the digital multi-signature eToro wallet. Users can save, transfer and receive multiple coins from a variety of cryptocurrency.</p><p>By using them with their eToro and eToro accounts U.S. users can transfer cryptocurrency funds to and from their trading accounts and 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 is planning to offer additional currencies readily available in the coming months.</p><p>EToro users can conduct transactions that allow them to share trading information and performance of their portfolios with the community in order to discuss ideas , and then execute the transactions using real dollars</p><p></p><p>The expansion plan, however, doesn't come without risks. EToro enters a highly competitive market -- in conjunction with top trading platforms such Coinbase as well as Robinhood -and is planning to launch a exclusive crypto version in the midst of "crypto winter," where widespread weakness has plagued the sector.</p><p>One aspect of the strategy is caused by the fact that cryptocurrency is considered to be a less costly asset from a licensing standpoint different asset types in the extremely regulated and fragmented U.S. regulatory environment. However, the eToro launch strategy is also deeply rooted on the company's belief of the massive market opportunity that is available through the cryptocurrency 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 told a interview with TechCrunch?.</p><p>EToro is taking an approach that is long-term in its business plan and isn't affected by the current crypto weakness. Assia has compared the current market weakness and the dot.com bubble, that despite the downfall, the internet persisted and created disruption in the long term. Much like the internet, Assia and eToro believe that there will be more than enough room for multiple winners in the larger crypto market.</p><p>The company was the first market to support Ethereum and Ripple, and believes that as similar currencies develop and the future generation of investors mature, eToro will be there to help the two currencies in the way they need it.</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>