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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social trading and investing platform eToro announced that it will launch it's platform across the U.S. The platformthat already is operational in more than 140 different countries, will soon be available in 30 states and two states with plans to expand elsewhere in 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 intends to include additional categories of assets within the next 12 months. With the existing markets, the 10 million or more users can trade and store more than 1500 different asset classes as well as markets which include bonds, stocks, cryptocurrencies, fiat currencies commodities and more.</p><p>Although eToro has more advanced trading strategies -- such as selling short and the use of leverage -- the platform's transparency as well as community engagement capabilities make great tools that help beginners understand capital markets and learn how to trade.</p><p></p><p>EToro is a combination of trading platform, social network as well as an educational tool. Anyone who joins eToro can view, discuss and copy the activity of all other users on the network, and also their own realized gains and losses up to date (though only by a percentage to protect sensitive financial information). While studying the strategies employed by their peers or using the platform, users can utilize virtual currency to practise and train effectively before investing their own money.</p><p>If you want to, based on the trader's track record, other users are able to duplicate their portfolio using eToro's "CopyTrader?" feature, which can not only distribute funds in accordance with the trader's portfolio, but can also perform any trade that the copy investor does. On top of that, members are also able be able to share, make comments on the posts of particular individuals, assets or markets -- permitting them to join in the most current debates and news in their area of interest.</p><p>Although it is limited only to crypto for the first time, practically all of these features available in the existing market will be available in the U.S. And alongside its trading platform the company has announced it's digital multi-signature eToro wallet, which allows users to can store, send and receive numerous coins across a variety of different cryptocurrencies.</p><p>Utilizing accounts with eToro account, U.S. users can now transfer cryptocurrencies from their trading accounts. https://pbase.com/topics/earthmoney4/how_to_buy_bitcoin are able to convert them easily and also. The wallet initially will support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to offer additional currencies available in the near time.</p><p>EToro users can transact or share trading data and performance of their portfolios with other EToro users in order to discuss options that are executed using real dollars</p><p></p><p>The expansion plan, however, does not come without risks. EToro enters a highly competitive marketplace , along with popular trading platforms like Coinbase as well as Robinhood -- and is launching its only in crypto during the midst of "crypto winter," where widespread weaknesses have plagued the sector.</p><p>A portion of the strategy can be caused by the fact that crypto has a lower cost in terms of licensing compared similar asset classes in the highly unstructured and strict U.S. regulatory environment. However, http://cqms.skku.edu/b/lecture/793829 launch strategy is also strongly rooted in the firm's belief in the immense market opportunity for tokenization of assets.</p><p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>"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 mentioned in a interview with TechCrunch?.</p><p>EToro is taking the long-term view in the company's strategy and isn't deterred by the current weakness in crypto. Assia related the market's decline with the bubble of dotcom that despite the downfall, Internet still permeated and caused disruption to the economy in long run. Similar to web-based technology Assia together with eToro believe that there is more than enough room for multiple winners in the wider crypto economy.</p><p>The company was the very first market platform to be able to support Ethereum and Ripple, and believes in the future that as related currencies and the new generation of investors get older, 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," 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>