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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced it is launching its services in the U.S. The platform, which already is in operation in more than 140 international countries, would be accessible in 30 states and two territories . It also has plans to expand elsewhere in the U.S. after receiving the needed regulatory approvals.<p></p><p>The U.S. platform will only be able to support trading for crypto assets when it launches, but eToro plans to introduce additional asset classes over the course of the next twelve months. In the eToro markets that are currently available, the company's 10 million+ users can invest in and hold more that 1500 asset classes in markets, including stocks, bonds the cryptocurrencies, fiat currencies commodities, and many more.</p><p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>Even though eToro does support more advanced trading strategies -- such as short-selling as well as the use of leverage -- the platform's transparency as well as community engagement features make it a great tool used by beginners to master the trading markets and learn to trade.</p><p></p><p>EToro is equal parts trading platform, social network in addition to an academic resource. Any user who signs up to eToro is able to observe, comment and replicate the trading activities for everyone else on the network, as well as their actual returns and losses to date (though only by a percentage to keep confidential financial data safe). While learning from the methods of their peers, users can opt to make investments using virtual currency to practice and effectively train before taking on risk with their own money.</p><p>In addition, based on a trading history, users can choose to mimic the portfolio of their eToro member using its "CopyTrader?" feature, which not only proportionally allocates funds in accordance with the trader's portfolio, it can also make any trade copied investor's make. Additionally, members are also able communicate, leave comments on as well as follow certain individuals, assets, or markets -- so that they can participate in the most recent debates and news in their specific field of interest.</p><p>While it will be limited to crypto at launch, most of the features available in the existing market will be available throughout the U.S. And alongside its trading platform and services, the company has launched the digital multi-signature eToro wallet, where users can manage, store and receive multiple coins using a variety of cryptocurrency.</p><p>With them with their eToro and eToro accounts U.S. users can transfer cryptocurrencies into and from their trading accounts and will be able to convert between them as well. The wallet initially supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to offer additional currencies soon.</p><p>EToro users are able to make transactions or share trading data and portfolio performance with the community by allowing users to debate options that are executed using real dollars</p><p></p><p>The expansion plan, however, doesn't come without risks. EToro is entering a highly competitive marketplace , along with highly-rated trading platforms like Coinbase and Robinhood -and has announced a exclusively in the midst of "crypto winter," where wide-spread weakness has plagued sector.</p><p>One aspect of the strategy is due to the fact that crypto is a lighter lift from a licensing perspective relative in comparison to the rest of the asset class in the highly complex and strict U.S. regulatory environment. However, https://controlc.com/49443fb8 of eToro is also heavily rooted in its belief in an enormous 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 said during a conversation with TechCrunch?.</p><p>EToro is taking an opportunistic approach to their strategy and hasn't been impacted by the current crypto market weakness. Assia believes that the market's slowdown is comparable in the wake of the dot-com crash which, despite the market crash, the internet remained a part of it and disrupted the economy in the longer term. Just like the internet, Assia as well as eToro believe there will be more than enough space for multiple winners in the wider crypto ecosystem.</p><p>The company was the first platform in its markets which was able to integrate Ethereum and Ripple, and believes that as similar currencies develop and the new generation of investors get older, eToro will be there to help the two currencies in the way they need it.</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>