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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social trading and investing platform eToro announced that it will officially launch it's platform across the U.S. https://notes.io/U7S6 , which currently operates in more then 140 countrieswill become available in 30 states and two territories . It also has plans to expand throughout the U.S. after receiving the necessary regulatory sign-offs.<p></p><p>Its U.S. platform will only be able to support trading for crypto assets when it launches, but eToro is planning to launch additional asset classes in the coming 12 months. The existing markets on eToro are where the company's 10 million-plus users are able to hold and trade more than 1500 different asset classes as well as markets including bonds, stocks crypto currencies, cryptocurrencies commodities, and many more.</p><p>While eToro has more advanced trading strategies -- including short-selling as well as using leverage -- the platform's transparency and engagement features make it a great tool for beginners to learn the capital markets , and also learn to trade.</p><p></p><p>EToro is a social network, trading platform in addition to an academic resource. Anyone who signs up for eToro can see, comment and even copy the trading actions and actions of all others on the network, in addition to their actual returns and losses so far (though only on a percentage basis in order to safeguard sensitive financial data). While learning from the strategies of their peers or using the platform, users can invest in virtual currencies to test their skills and gain experience before actual risking their money.</p><p>If you want to, based on the trader's history, other users can choose to mimic the portfolio using eToro's "CopyTrader?" feature, which doesn't just proportionally allocate funds to fit the trader's portfolio, it can also take any trade the copied investor's makes. In addition users can also choose to connect, comment on their favorite topics, interact with or follow certain people, assets, or markets, they can also participate in the most current debates and news concerning their area of interest.</p><p>Although it is limited to crypto when it first launched, virtually all of the features that are available on eToro's current locations will be offered in the U.S. And alongside its trading platform it is also launching an online multi-signature eToro wallet, which users can save, transfer and receive several coins across a range of different cryptocurrencies.</p><p>Utilizing Their eToro account, U.S. users can transfer cryptocurrency funds to and from their trading account and have the ability to easily convert between and vice versa. The wallet will initially accept Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but they plan to launch additional currencies readily available in the coming months.</p><p>EToro users can carry out transactions and share trading and performance of their portfolios with the community Users can also discuss options that are executed using real dollars</p><p></p><p>The expansion plan, however, doesn't have a low risk. EToro will be entering into a competitive market -- along with other popular trading platforms , such as Coinbase as well as Robinhood -- and is launching its only in crypto during the midst of "crypto winter," where the widespread weakness has plagued the sector.</p><p>A large part of the strategy is attributable to the fact that cryptocurrency is considered to be a less costly asset in terms of licensing with other classes of assets in the highly complex and strict U.S. regulatory environment. But eToro's launch strategy is also firmly rooted by its belief in the huge market potential for asset tokenization.</p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><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 remarked in a interview with TechCrunch?.</p><p>EToro is taking long-term perspective with its strategy and isn't thrown at by the current market weakness. Assia has compared the current market weakness in the wake of the dot-com crash which, despite the market crash, the internet continued to be a force that interrupted the economy in longer term. Similar to the internet, Assia and eToro believe that there will be more than enough space to make multiple winners in the larger crypto-related ecosystem.</p><p>The company was the first market to offer support for Ethereum and Ripple and believes that when similar currencies and the next generation of investors mature, eToro will be there to assist them wherever they are 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>