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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced they will soon launch its online platform to the U.S. The platform, that currently is operational in more than 140 countries available in 30 states and two countries with plans to expand throughout the U.S. after receiving the required regulatory approvals.<p></p><p>This U.S. platform will only be able to support trading for crypto assets at launch, but eToro plans to add more asset classes within the next twelve months. On eToro's current markets, the company's 10 million+ users are able to invest in and hold more that 1500 different asset classes and markets such as bonds, shares and currencies such as cryptocurrencies, fiat currency commodities and more.</p><p>Though eToro also supports more sophisticated trading strategies -- including short-selling and leverage -- the platform's transparency and engagement functions are great resources for newcomers to explore the capital markets and learn how to trade.</p><p></p><p>EToro is equal parts trading platform, social network in addition to an academic resource. Anyone who joins eToro is able to observe, comment and copy the trading activity of other members of the network, in addition to their actual profits and losses up to date (though only as a percentage basis, to secure sensitive financial information). While studying the techniques of their counterparts Users can decide to make investments using virtual currency to make practice and improve their skills prior to placing their money at risk.</p><p>Based on a trader's record, other users can also choose to replicate their portfolio through eToro's "CopyTrader?" feature, which does not just distribute funds to match the investor's portfolio, but also will automatically ensure that any trade the copied investor's. In https://www.click4r.com/posts/g/3678330/how-to-buy-bitcoin allows members to connect, comment on as well as follow specific users, asset types or markets -- allowing them to participate in the latest discussions and news in their specific field of interest.</p><p>Although the service is limited to crypto initially, basically all of the functions available on the existing international markets will also be available across the U.S. And alongside its trading platform in the coming months, the company will also launch the digital multi-signature eToro wallet, which allows users to can keep, send and receive numerous coins across a variety of different cryptocurrencies.</p><p>Using their eToro account, U.S. users can now transfer cryptocurrencies to and from their trading account and are able to convert them easily and vice versa. The wallet initially supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but it is planned to add additional currencies accessible in the near future.</p><p>EToro users can transact as well as share their trading activities and performance of their portfolios with the community that allows users to talk about ideas and execute them using real dollars</p><p></p><p>The expansion program, however come without risk. EToro is entering a highly competitive marketplace -- alongside other famous trading platforms such as Coinbase and Robinhood -in addition to launching its Crypto-only version amid the chaos of "crypto winter," where widespread weakness has plagued the sector.</p><p>A portion of the strategy can be related to the fact that cryptocurrency is considered to be a less costly asset from a licensing standpoint against other assets within the highly restrictive and fragmented U.S. regulatory environment. But the company's plan to launch its product is also heavily rooted into the company's belief the immense market opportunity that is available through the tokenization and 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 said in an conversation with TechCrunch?.</p><p>EToro is taking long-term perspective with its business plan and isn't affected with the current crypto weakness. Assia has compared the current market weakness to the dot-com bubble, where , despite its collapse, the internet persisted and destroyed the economy in long term. And just like with technology, Assia together with eToro believe that there will be more than enough space to make multiple winners in the wider crypto economy.</p><p>The company was the very first platform in its market to be able to support Ethereum and Ripple, and believes that , as these currencies and the next generation of investors mature, eToro will be there to help these currencies wherever and in 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," 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>