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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social trading and investing platform eToro announced it will officially launch its online platform to the U.S. Its platform, which is operational in more than 140 countries, will be available in 30 states and two states with plans to expand further in the U.S. after receiving the necessary regulatory sign-offs.<p></p><p>This U.S. platform will only provide trading support for crypto assets in the beginning, but eToro will be adding additional asset classes in the next 12 months. On eToro's current markets, the company's 10 million+ users can buy and sell more than 1,500 different asset classes and markets including bonds, stock or cryptocurrencies, currencies that are fiat, commodities and more.</p><p>Even though eToro offers more advanced trading strategies , such as trading with short-terms and leverage -- the platform's transparency and community engagement features make it a great tool for novices to get familiar with the markets and discover how to trade.</p><p></p><p>EToro is a combination of trading platform, social network for education and trading platform. http://www.docspal.com/viewer?id=- who signs up to eToro will be able to read, write about and replicate the trading activities of all other users on the network, in addition to their real-time returns and losses up to date (though only on a percentage basis in order to safeguard sensitive financial data). While learning from the strategies used by their peers they can also choose to make investments using virtual currency to get a better understanding and to practice before investing their own money.</p><p>In addition, based on a trader's track record, other customers can decide to copy their portfolio by using eToro's "CopyTrader?" feature, which does not just allocate money to match the trader's portfolio, it can also perform any trade that the copied investor makes. Furthermore users are also able to share, comment on and engage with specific users, asset types or markets, making it possible for them to take part in the latest debate and news about their particular area of interest.</p><p>While the platform is restricted in the beginning to crypto, most of the features available in eToro's existing global markets will be available for users within the U.S. And alongside its trading platform and its trading platform, the company will launch it's digital multi-signature eToro wallet. Users are able to store, send, and receive various coins across a variety of cryptocurrency.</p><p>Utilizing these eToro customers' accounts U.S. users can transfer cryptocurrency to and from their trading account and can easily convert between the two and vice versa. The wallet is initially able to support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to offer additional currencies available in the near future.</p><p>EToro users can execute transactions and share their trading activity and portfolio performance with the community that allows users to talk about options that are executed using real dollars</p><p></p><p>The expansion plan, however, does not come without risks. EToro is entering a highly competitive marketplace , along with well-known trading platforms such as Coinbase as well as Robinhood -it is also launching its cryptocurrency-only version during the midst of "crypto winter," where general weakness has plagued this sector.</p><p>A large part of the strategy is attributable to the fact that crypto is a lighter lift from a licensing perspective relative different asset types in the highly restrictive and fragmented U.S. regulatory environment. The launch plan of eToro's is also firmly grounded in the company's belief in the vast market opportunity which is created by the crypto 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, in a conversation with TechCrunch?.</p><p>EToro is taking long-term perspectives with its strategy and isn't getting sucked by the current cryptocurrency weakness. Assia equated the market softness as the dot-com boom, where , despite the collapse, the internet remained pervasive and perturbed the economy over the long-term. Just like Internet, Assia together with eToro believe that there is more than enough room to make multiple winners in the larger crypto ecosystem.</p><p>It was the first platform in its market to allow Ethereum and Ripple and believes that as similar currencies and the future generation of investors mature, eToro will be there to help their users in whatever way they need.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></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>