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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social trading and investing platform eToro announced it will launch its platform in the U.S. Its platform, currently is available in more than 140 countries, will be accessible in 30 states and two territories . It also has plans to expand across the U.S. after receiving the required regulatory approvals.<p></p><p>The U.S. platform will only allow trading of crypto assets at the time of launch, however eToro is planning to launch additional asset classes in the next twelve months. In the eToro markets that are currently available, its customers of 10 million can trade and hold more than 1500 different asset classes and markets comprising bonds, stocks or cryptocurrencies, currencies that are fiat commodities, and many more.</p><p>Though eToro is able to support more advanced trade strategies -- which include short-selling as well as using leverage -- the system's transparency and community involvement features act as great tools for those who are just beginning to understand the markets and discover how to trade.</p><p></p><p>EToro is a combination of social network, trading platform plus a resource for learning. Anyone who is a member of eToro can see, comment or copy the trading activities that other users of the network, and also their actual returns and losses to date (though only as a percentage basis, to safeguard confidential financial information). While learning from other traders' strategies as well, they are able to invest with virtual currency to get a better understanding and to practice before investing their own money.</p><p>Additionally, based upon a traders track record, users can also choose to replicate their portfolio by using eToro's "CopyTrader?" feature, which doesn't just proportionally allocate funds to match the investor's portfolio, but can also execute any trade that the copied investor's makes. In addition users also have the option to share, discuss, engage with or follow specific users, assets or markets, permitting them to join in discussions and latest news regarding their particular area of interest.</p><p>However, despite being restricted to crypto initially, practically all of these features that are available on eToro's current countries will be accessible for users within the U.S. And alongside its trading platform it's also launching its multi-signature digital eToro wallet. Users can store, send and receive numerous coins across a variety of different cryptocurrencies.</p><p>By using these eToro and eToro accounts U.S. users can transfer cryptocurrencies into and from their trading account . They is able to easily convert between them, as well. The wallet at first will support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company will make additional currencies available in the near future.</p><p>EToro users are able to make transactions while sharing their trading actions and portfolio performance with the community by allowing users to debate ideas and implement them with real dollars</p><p></p><p>The expansion strategy, however, doesn't come without the risk. EToro enters a highly competitive market -- along with other highly-rated trading platforms like Coinbase and Robinhood -and is planning to launch a cryptocurrency-only version during the midst of "crypto winter," where widespread instability has plagued the sector.</p><p>The reason behind this strategy is in part due to the reality that crypto is an easier lift from a licensing perspective relative similar asset classes in the highly complex and strict U.S. regulatory environment. However, eToro' https://chefglue4.bravejournal.net/post/2022/02/10/How-to-Buy-Bitcoin for launching has its roots in its belief in the huge market potential that comes with asset 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 said in an conversation with TechCrunch?.</p><p>EToro is taking an approach that is long-term in its business plan and isn't affected with the current crypto weakness. Assia has compared the current market weakness in the wake of the dot-com crash, that despite the downfall, the internet remained pervasive and destroyed the economy in long term. Like the internet, Assia as well as eToro believe that there is more than enough room to make multiple winners in the larger crypto-related ecosystem.</p><p>It was the first platform in its markets to accept Ethereum and Ripple and believes that as similar currencies mature and the new generation of investors get older, eToro will be there to assist them wherever they are in any way they require.</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."<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></p>