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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced it is launching its website in U.S. The platformwhich has operations in more that 140 international countries, would be accessible in 30 states and two jurisdictions with plans to expand across the U.S. after receiving the needed regulatory approvals.<p></p><p>This U.S. platform will only be able to support trading for crypto assets when it launches, but eToro plans to add additional types of assets in the coming 12 months. With the existing markets, its more than 10 million customers can trade and manage more than 1,500 different asset classes and markets such as bonds, stocks crypto currencies, cryptocurrencies commodities, and more.</p><p>While eToro can also support more advanced trading strategies -- including selling short and the use of leverage -- the features of the platform's transparency and social engagement features act as great tools for newcomers to explore the capital markets , and also learn to trade.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></p><p></p><p>EToro is a combination of trading platform, social network or educational platform. Everyone who joins eToro can observe, share and follow the trading actions that other users of the network, in addition to their actual profits and losses up to date (though only as a percentage basis, to protect confidential financial information). While studying the strategies used by their peers or using the platform, users can invest in virtual currencies to be able to train and practice their skills before investing their own money.</p><p>However, based off a traders track record, customers can decide to copy their portfolio using eToro's "CopyTrader?" feature, which allows for a proportional allocation of funds in accordance with the trader's portfolio, but also will automatically create any trade the copied investor's make. On top of that users also have the option to share, comment on as well as follow specific individuals, assets or markets, they can also participate in the latest discussion and updates in their specific field of interest.</p><p>Despite being limited in the beginning to crypto, virtually all of the features available in eToro's existing geographic markets will be accessible within the U.S. And alongside its trading platform it's also launching the digital multi-signature eToro wallet, which allows users to can store, exchange and receive multiple coins from a variety of crypto currencies.</p><p>Using their eToro and eToro accounts U.S. users can transfer cryptocurrency to and from their trading account . Additionally, they can easily convert between the two and vice versa. https://oxygenbra2.werite.net/post/2022/02/11/How-to-Buy-Bitcoin supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company will make additional currencies to be available in near future.</p><p>EToro users can transact and share trading activities and portfolio performance with the community, allowing users to discuss options that are executed using real dollars</p><p></p><p>The expansion plan, howeverdoes have a low the risk. EToro enters a highly competitive market, along with other popular trading platforms like Coinbase as well as Robinhood -and is now launching a Crypto-only version amid the chaos of "crypto winter," where wide-spread weakness has plagued sector.</p><p>The reason behind this strategy is because crypto has a lower cost from a licensing standpoint with other classes of assets within the highly restrictive and fragmented U.S. regulatory environment. However, the strategy behind eToro's launch is also solidly rooted on the company's belief of an enormous market opportunity that comes with tokenization and tokenization.</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 remarked in a conversation with TechCrunch?.</p><p>EToro is taking an opportunistic approach to its approach and isn't overthrown by the current crypto weakness. Assia equated the market softness to the dot-com bubble even though it crashed, the internet still permeated and disrupted the economy in the long-term. Similar to technology, Assia as well as eToro believe there will be enough room to make multiple winners in the larger crypto market.</p><p>The company was the very first platform to accept Ethereum and Ripple and believes that when similar currencies and the future generation of investors mature, eToro will be there to help the two currencies 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," 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>