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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investing and trading platform eToro announced it is launching its website in U.S. The platformwhich operates in more than 140 countries available in 30 states and 2 territories, with plans to expand to other areas of the U.S. after receiving the needed regulatory approvals.<p></p><p>The U.S. platform will only accept trading in crypto assets when it launches, but eToro plans to introduce additional asset classes within the next 12 months. In eToro's existing markets, the company's 10 million-plus users are able to trade and hold more than 1,500 different asset classes and markets including bonds, stocks and cryptocurrencies, as well as fiat currencies commodities, and more.</p><p>Even though eToro is able to support more advanced trading strategies such as short-selling and using leverage, the system's transparency and community involvement features are great tools in helping beginners learn about trading markets and learn to trade.</p><p></p><p>EToro is a social network, trading platform in addition to an academic resource. Anyone who joins eToro can observe, share and follow the trading actions for everyone else on the network, in addition to their realized losses and gains to date (though only on a percentage basis to safeguard confidential financial information). While learning from the strategies of their colleagues Users can decide to play with virtual currency and be able to train and practice their skills before taking the plunge and risking their own funds.</p><p>On the other hand, based on a trader's track record, other users may choose to copy their portfolio through eToro's "CopyTrader?" feature, which can not only distribute funds to fit the trader's portfolio but also can automatically make any trade copied investor performs. In addition they are also able to share, comment on or interact with certain users, assets or markets -- they can also participate in the most recent discussions and news in their specific field of interest.</p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><p>Even though it's limited to crypto at launch, virtually all of the features currently available to eToro's geographic markets will be accessible across the U.S. And alongside its trading platform and services, the company has launched its digital multi-signature eToro wallet. With it, users are able to store, send, and receive multiple coins from a variety of different cryptocurrencies.</p><p>Through these eToro accounts U.S. users can currently transfer cryptocurrency to and from their trading account and are able to convert them easily and vice versa. The wallet will initially accept 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 can perform transactions in exchange for sharing trading activities and portfolio performance with the community that allows users to talk about ideas and implement them with real dollars</p><p></p><p>The expansion plan, however, doesn't come without risk. https://anotepad.com/notes/y3kakbj5 will be entering into a competitive marketplace , alongside top trading platforms such Coinbase as well as Robinhood -it is also launching its exclusively in the midst of "crypto winter," where massive weakness has plagued the sector.</p><p>Part of the reason for this is in part due to the reality that crypto is an easier lift in terms of licensing compared similar asset classes in the highly complex and strict U.S. regulatory environment. However, eToro's approach to launch is also firmly rooted in the firm's belief in the vast market opportunities that exists with the tokenization of the assets.</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 interview with TechCrunch?.</p><p>EToro is taking an opportunistic approach to the company's strategy and isn't deterred by the current crypto weakness. Assia was comparing the market's softness on the other hand to the dot-com bubble even though it crashed, the internet continued to be a force that destroyed the economy in long run. Much like the web, Assia is also eToro believe that there is more than enough room for multiple winners in the wider crypto industry.</p><p>The company was the first platform to be able to support Ethereum and Ripple, and believes that as similar currencies and the new generation of investors get older, 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>