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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social trading and investing platform eToro announced it will launch its platforms in U.S. The platform, that currently has operations in more that 140 countriesaround the world, will now be accessible in 30 states and two jurisdictions with plans to expand further in the U.S. after receiving the required regulatory approvals.<p></p><p>This U.S. platform will only allow trading of crypto currencies at launch, but eToro plans to add more asset classes over the next twelve months. In the eToro markets that are currently available, its 10 million plus customers are able to deal and hold more than 1500 different asset classes and markets, including stocks, bonds along with cryptocurrencies, fiat currencies commodities, and more.</p><p>Although eToro offers more advanced techniques for trading -- such as short-selling as well as the use of leverage, the service's transparency features and community engagement features are great tools for novices to get familiar with the capital markets as well as how to trade.</p><p></p><p>EToro is equal parts trading platform, social network as well as an educational tool. Everyone who joins eToro can access, read, and comment on and even copy the trading actions of everyone else on the network, in addition to their realized returns and losses to date (though only on a percentage basis to protect financial information that is sensitive). While studying the strategies used by their peers customers can also make investments using virtual currency to be able to train and practice their skills before taking on risk with their own money.</p><p>Or, depending on a trader's performance record, other users may decide to imitate their portfolio with eToro's "CopyTrader?" feature, which will not only allocate funds to match the investor's portfolio, but also will automatically take any trade the copied investor's. Furthermore the members can also to comment, share, engage with or follow specific individuals, assets or markets -- making it possible for them to take part in all the latest debates and information regarding their particular area of interest.</p><p>While the platform is restricted to crypto at the time of launch, many of the same features available on eToro's previous geographic markets will be accessible within the U.S. And alongside its trading platform the company has announced its own digital multisignature eToro wallet. Users can manage, store and receive several coins across a range of cryptocurrency.</p><p>Through your eToro accounts U.S. users can currently transfer cryptocurrency to and through their trading account. In addition, they can easily convert between them, as well. The wallet will initially 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 future.</p><p>EToro users can make transactions while sharing their trading actions and portfolio performance with the community which allows users to exchange concepts that are implemented using real dollars</p><p></p><p>The expansion program, however have a low risk. EToro is entering a highly competitive market -- alongside major trading platforms like Coinbase and Robinhood -and is now launching a only in crypto during the midst of "crypto winter," where the widespread weakness has plagued the sector.</p><p>Part of the strategy is partly due to the fact cryptocurrency is considered to be a less costly asset from a licensing standpoint in comparison to the rest of the asset class within the rigid and extremely fragmented U.S. regulatory environment. But the company's plan to launch its product is also deeply rooted on the company's belief of the immense market opportunity due to the tokenization of assets.</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 stated in a interview with TechCrunch?.</p><p>EToro has a long-term view with its strategy and isn't thrown into the current crypto slump. Assia related the market's decline with the bubble of dotcom which, despite the market crash, the internet continued to permeate and altered the economic landscape in the long term. Like https://controlc.com/9e486517 , Assia is also eToro believe there will be more than enough room for multiple winners in cryptocurrency's larger ecosystem.</p><p>The company was the very first platform to accept Ethereum and Ripple, and believes that , as these currencies and the next generation of investors mature, eToro will be there to assist them in any way that they need.</p><p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>"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>