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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social trading and investing platform eToro announced that it will launch its services in the U.S. The platformwhich is operational in more than 140 international countries, would be accessible in 30 states and two states with plans for expansion elsewhere in the U.S. after receiving the needed regulatory approvals.<p></p><p>This U.S. platform will only accept trading in crypto assets initially, however eToro plans to offer additional types of assets in the coming 12 months. The existing markets on eToro are where the company's 10 million+ users are able to trade and manage more than 1,500 different asset classes and markets that include bonds, stocks crypto currencies, cryptocurrencies commodities and more.</p><p>Though eToro also supports more sophisticated trading strategies -- such as trading with short-terms and leverage -- the platform's transparency and community engagement features serve as excellent tools used by beginners to master the market and how to trade.</p><p></p><p>EToro is a combination of trading platform, social network as well as an educational tool. Anyone who sign-ups for eToro has the ability to see, post comments and even copy the trading actions and actions of all others on the network, in addition to their actual returns and losses to date (though only as a percentage basis, to protect sensitive financial information). While learning from the strategies of their peers Users can decide to play with virtual currency and make practice and improve their skills prior to actually risking their own money.</p><p>If you want to, based on the trader's performance record, other users can select to mirror their portfolios using eToro's "CopyTrader?" feature, which allows for a proportional allocation of funds to the trader's portfolio, but also will automatically take any trade the copied investor performs. Additionally users also have the option to share, comment on as well as follow specific users, assets or markets, allowing them to participate in discussions and latest news about their specific area of interest.</p><p>Even though it's limited to crypto initially, virtually all of the features that exist in the current market will be available in the U.S. And alongside its trading platform it is also launching its digital multi-signature eToro wallet. This wallet will let users can send, store and receive multiple coins across a multitude of cryptocurrency.</p><p>Through Their eToro accounts U.S. users can currently transfer cryptocurrency to and from their trading accounts and can convert them between as well. The wallet will initially accept Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but it is planned to add additional currencies available in the near future.</p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><p>EToro users can transact in exchange for sharing trading activities and portfolio performance with the community by allowing users to debate ideas and execute them using real dollars</p><p></p><p>The expansion plan, however have a low risks. EToro ventures into a competitive market, along with other major trading platforms like Coinbase as well as Robinhood -and is planning to launch a only in crypto during the midst of "crypto winter," where wide-spread weakness has plagued sector.</p><p>The reason behind this strategy is in part due to the reality that crypto has a lower cost from a licensing point of view compared different asset types within the rigid and extremely fragmented U.S. regulatory environment. https://ramiebra9.wordpress.com/2022/02/11/how-to-buy-bitcoin/ of eToro's is also heavily rooted by its belief in the huge market potential that is available through the digital tokenization of asset.</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 has an opportunistic approach to their strategy and hasn't been impacted by the current crypto weakness. Assia identified the weakness in the market to that of the dot com bubble in which, despite the downturn, the internet was still a major factor and caused disruption to the economy in long-term. As with the internet, Assia as well as eToro believe there will be enough room for multiple winners within the larger crypto ecosystem.</p><p>The company was the very first platform in its market to support Ethereum and Ripple, and believes that as the two currencies are similar and the new generation of investors get older, eToro will be there to assist these currencies wherever and 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>