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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social trading and investing platform eToro announced it is set to launch their platform within the U.S. The platform, which operates in more 140 locations, will eventually be accessible in 30 states and 2 territories, with plans to expand throughout the U.S. after receiving the required regulatory approvals.<p></p><p>The U.S. platform will only allow trading of crypto assets initially, however eToro plans to add additional asset classes within the next twelve months. In the markets currently offered by eToro, the company's 10 million-plus users are able to trade and hold more than 1500 asset classes and markets that include bonds, stocks cryptocurrency, fiat currencies, commodities and more.</p><p>While eToro even supports more advanced techniques for trading -- such as short-selling as well as the use of leverage, the platform's transparency , community engagement features can be great tools that help beginners understand market and how to trade.</p><p></p><p>EToro is equal parts social network, trading platform and educational resource. Everyone who joins eToro has the ability to see, post comments as well as copy the trades of other members of the network, in addition to their realized losses and gains up to date (though only on a percentage basis in order to protect confidential financial information). While learning from the methods of their peers Users can decide to trade with virtual currency to test their skills and gain experience before actually risking their own money.</p><p>Based on a trader's past performance, other users may decide to imitate their portfolio by using eToro's "CopyTrader?" feature, which does not just distribute funds in accordance with the trader's portfolio, but also will automatically make any trade the copied investor performs. On top of that the members can also to comment, share or interact with specific individuals, assets or markets -- and participate in the most recent discussions and news concerning their area of interest.</p><p>Even though it's limited to crypto when it first launched, practically all of these features available in eToro's existing countries will be accessible in the U.S. And alongside its trading platform the company has announced its digital multi-signature eToro account, where users have the ability to store, send and receive multiple coins from a variety of crypto currencies.</p><p>By using their eToro accounts U.S. users can now transfer cryptocurrency into and from their trading account and can easily convert between the two and also. The wallet is initially able to support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company intends to make additional currencies possible in the near term.</p><p>EToro users can conduct transactions and share trading and performance of their portfolios with the community that allows users to talk about ideas , and then execute the transactions using real dollars</p><p></p><p>The expansion plan, however, doesn't have a low the risk. EToro ventures into a competitive marketplace , along with top trading platforms such Coinbase and Robinhood -in addition to launching its solely in the middle of "crypto winter," where widespread instability has plagued the sector.</p><p>A portion of the strategy can be related to the fact that crypto is an easier lift from a licensing point of view compared against other assets within the highly unstructured and strict U.S. regulatory environment. But eToro's launch strategy is also firmly rooted to the firm's belief that the huge market potential that exists with 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, in a interview with TechCrunch?.</p><p>EToro is taking an approach that is long-term in its strategy and isn't thrown by the current crypto weakness. Assia has compared the current market weakness as the dot-com boom, that despite the downfall, the internet still permeated and destroyed the economy in long-term. Just like https://telegra.ph/How-to-Buy-Bitcoin-02-10-20 , Assia together with eToro believe that there is more than enough space for multiple winners within the wider crypto economy.</p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><p>The company was the first market to allow Ethereum and Ripple and is confident that when similar currencies and the new generation of investors get older, eToro will be there to assist the two currencies in whatever way 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>