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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investing and trading platform eToro announced that it will launch its service in the U.S. The platform, which already is operational in more than 140 countrieswill become available in 30 states and two territories with plans to expand outside of the U.S. after receiving the necessary regulatory sign-offs.<p></p><p>This U.S. platform will only permit trading of crypto assets when it launches, but eToro plans to add additional asset classes over the next twelve months. In the markets currently offered by eToro, the company's 10 million-plus users can trade and manage more than 1,500 different asset classes and markets including bonds, stock, cryptocurrencies, fiat currencies commodities, and many more.</p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><p>Though eToro can also support more advanced trade strategies -- which include short-selling as well as using leverage, the platform's transparency , community engagement functions are great resources in helping beginners learn about capital markets and understand how to trade.</p><p></p><p>EToro is a combination of trading platform, social network in addition to an academic resource. Anyone who sign-ups for eToro will be able to read, write about and replicate the trading activities of other members of the network, in addition to their actual profits and losses to date (though only according to a percentage, in order to protect financial information that is sensitive). While studying the strategies of their colleagues customers can also make investments using virtual currency to improve their practice and learn before investing their own money.</p><p>If you want to, based on the traders track record, users can also choose to replicate the portfolio using eToro's "CopyTrader?" feature, which will not only allocate funds that match the trader's portfolio, but also automates ensure that any trade the copied investor performs. On top of that they are also able to share, discuss their favorite topics, interact with or follow specific individuals, assets or markets, they can also participate in the latest debate and news on their particular field of interest.</p><p>Although it's only limited to crypto when it first launched, practically all of these features available in eToro's existing global markets will be available across the U.S. And alongside its trading platform the company has announced the multi-signature eToro account, where users can store, exchange and receive multiple coins across a multitude of cryptocurrency.</p><p>With one of their eToro Accounts, U.S. users can transfer cryptocurrency funds to and out of their trading accounts. Users can convert them between and vice versa. https://oxygenstorm9.tumblr.com/post/675926464472940544/how-to-buy-bitcoin supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but they plan to launch additional currencies accessible in the near future.</p><p>EToro users are able to make transactions in exchange for sharing trading activities and portfolio performance with the community that allows users to talk about strategies that are then executed with real dollars</p><p></p><p>The expansion program, however come without risks. EToro ventures into a competitive marketplace -- alongside other well-known trading platforms such as Coinbase as well as Robinhood -and is planning to launch a Crypto-only version amid the chaos of "crypto winter," where general weakness has plagued this sector.</p><p>Part of the reason for this is attributable to the fact that crypto is a more relaxed option from a licensing perspective relative in comparison to the rest of the asset class in the highly unstructured and strict U.S. regulatory environment. But the company's plan to launch its product is also strongly rooted in its belief in the huge market potential associated with 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 mentioned in a conversation with TechCrunch?.</p><p>EToro is taking a long-term view with its business plan and isn't affected off by the current weakening of crypto. Assia has compared the current market weakness with the bubble of dotcom which, despite the market crash, Internet still permeated and altered the economic landscape in the long-term. Like an internet connection, Assia together with eToro believe there will be more than enough space for multiple winners in the larger crypto ecosystem.</p><p>The company was the very first platform in its market to accept Ethereum and Ripple and is confident in the future that as related currencies and the future generation of investors mature, eToro will be there to assist any time and 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."</p>