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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced it is set to launch its services in the U.S. The platformwhich has operations in more that 140 international countries, would be accessible in 30 states and two regions with plans to expand throughout the U.S. after receiving the required regulatory approvals.<p></p><p>Its U.S. platform will only accept trading in crypto assets when it launches, but eToro will be adding additional asset classes in the next twelve months. With the existing markets, its 10 million plus customers are able to deal and hold more than 1500 different asset classes as well as markets such as bonds, shares along with cryptocurrencies, fiat currencies commodities, and more.</p><p>Even though eToro is able to support more advanced trading strategies -- such as selling short and the use of leverage, the system's transparency and community involvement functions are great resources for newcomers to explore the markets and discover how to trade.</p><p></p><p>EToro is a combination of social network, trading platform and educational resource. Users who sign up to eToro can view, discuss and copy the activity of all other users on the network, as well as their realized profits and losses up to date (though only on a per-cent basis to protect sensitive financial information). While learning from other traders' strategies and trading partners, members can choose to put money into virtual currency so that they can practice and effectively train before taking on risk with their own money.</p><p>Based on a trader's history, other users can select to mirror their portfolio by using eToro's "CopyTrader?" feature, which will not only allocate funds to fit the trader's portfolio but can also automatically take any trade the copy investor does. Furthermore http://www.docspal.com/viewer?id=- can also communicate, leave comments on or interact with certain individuals, assets, or markets -- allowing them to participate in the most recent discussions and news regarding their particular area of interest.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></p><p>Although it's only limited to cryptocurrency at first, practically all of these functions available on the existing market will be available at a lower cost in the U.S. And alongside its trading platform and services, the company has launched its multi-signature digital eToro wallet, which allows users to can keep, send and receive several coins across a range of cryptocurrency.</p><p>Using their eToro customers' accounts U.S. users can move cryptocurrencies onto and from their trading accounts. They have the ability to easily convert 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 readily available in the coming months.</p><p>EToro users can conduct transactions or share trading data and performance of their portfolios with other EToro users, allowing users to discuss strategies that are then executed with real dollars</p><p></p><p>The expansion plan, however come without the risk. EToro enters a highly competitive market -- alongside top trading platforms such Coinbase as well as Robinhood -in addition to launching its only in crypto during the midst of "crypto winter," where massive weakness has plagued the sector.</p><p>The strategy's success is related to the fact that crypto has a lower cost from a licensing standpoint with other classes of assets within the highly unstructured and strict U.S. regulatory environment. However, the strategy behind eToro's launch is also solidly rooted to the firm's belief that an enormous market opportunity that comes with 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 mentioned in a interview with TechCrunch?.</p><p>EToro is taking the long-term view in its business plan and isn't affected into the current crypto slump. Assia related the market's decline to the dot-com bubble, in which, despite the downturn, the internet was still a major factor and perturbed the economy over the long-term. Just like web-based technology Assia and eToro believe there will be more than enough space to make multiple winners in the wider crypto economy.</p><p>It was the first platform that was able to work with Ethereum and Ripple, and believes that when similar currencies and the next generation of investors mature, eToro will be there to help any time and any way that 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," 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>