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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced that it will launch its website in U.S. The platformwhich is operational in more than 140 different countries, will soon be accessible in 30 states and two territories . It also has plans to expand across the U.S. after receiving the necessary regulatory approvals.The U.S. platform will only permit trading of crypto assets initially, however eToro will be adding additional asset classes in the next twelve months. The existing markets on eToro are where the more than 10 million users can deal and hold more than 1500 asset classes in markets which include bonds, stocks crypto currencies, cryptocurrencies commodities and more.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 features act as great tools for novices to get familiar with the markets and discover how to trade.EToro is a trading platform, social network plus a resource for learning. Anyone who registers on eToro can access, read, and comment on and record the trading activity of other members of the network, and also their realized losses and gains to date (though only according to a percentage, in order to keep confidential financial data safe). While learning from the strategies used by their peers as well, they are able to invest in virtual currencies to be able to train and practice their skills before taking on risk with their own money.Alternatively, based on a trader's track record, other users can also choose to replicate their portfolios by using the "CopyTrader?" feature, which doesn't just proportionally allocate funds in accordance with the trader's portfolio, but it also allows the copied investor to automatically make any trade the copied investor's. Additionally users are also able to post comments, share information and engage with particular individuals, assets or markets, allowing them to participate in the latest discussion and updates concerning their area of interest.While the platform is restricted to crypto initially, many of the same features available in the existing international markets will also be available for users within the U.S. And alongside its trading platform it's also launching its digital multi-signature eToro wallet. https://operamaria2.werite.net/post/2022/02/10/How-to-Buy-Bitcoin can store, exchange and receive multiple coins in a wide range of crypto currencies.Using Their eToro customers' accounts U.S. users can now transfer cryptocurrencies from their trading account . Additionally, they are able to convert them easily as well. The wallet will initially accept Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to make additional currencies soon.EToro users can conduct transactions that allow them to share trading information and portfolio performance with the community which allows users to exchange ideas that can be executed using real dollars<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>The expansion plan, howeverdoes come without risk. EToro has entered a competitive market -- with prominent trading platforms like Coinbase as well as Robinhood -and has announced a exclusive crypto version in the midst of "crypto winter," where the widespread weakness has plagued the sector.A large part of the strategy is due to the fact that crypto is an easier lift from a licensing standpoint against other assets in the highly restrictive and fragmented U.S. regulatory environment. However, eToro's approach to launch is also solidly rooted into the company's belief the huge market potential associated with the tokenization of assets."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 conversation with TechCrunch?.EToro has long-term perspectives with its strategy and isn't thrown by the current weakness in crypto. Assia was comparing the market's softness to that of the dot com bubble in which, despite the downturn, the internet still permeated and disrupted the economy in the long run. Similar to technology, Assia as well as eToro believe there will be enough space for multiple winners in the wider crypto industry.The company was the very first platform in its markets that supported Ethereum and Ripple, and believes that as similar currencies and the next generation of investors mature, eToro will be there to help their users in whatever way they need."When I founded eToro, I envisioned a community where people could trade, invest and share their knowledge in a simple and transparent way," 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."

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