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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced they will soon launch its services in the U.S. The platform, that currently operates in more than 140 different countries, will soon be accessible in 30 states and two states with plans to expand across the U.S. after receiving the needed regulatory approvals.<p></p><p>The U.S. platform will only allow trading of crypto assets when it launches, but eToro will be adding additional assets classes within the next 12 months. In the markets currently offered by eToro, its 10 million plus customers can trade and hold more than 1,500 different asset classes and markets that include bonds, stocks, cryptocurrencies, fiat currencies commodities, and more.</p><p>Although eToro is able to support more advanced trading strategies such as short-selling and the use of leverage, the platform's transparency and engagement capabilities make great tools in helping beginners learn about financial markets and to learn to trade.</p><p></p><p>EToro is a trading platform, social network and educational resource. Users who sign up to eToro can see, comment as well as copy the trades from everyone else on the network, in addition to the actual losses and returns to date (though only at a % basis to protect confidential financial information). While studying the strategies employed by their peers as well, they are able to invest with virtual currency to test their skills and gain experience before actual risking their money.</p><p>Additionally, based upon a trader's track record, other users can select to mirror their portfolio by using eToro's "CopyTrader?" feature, which is not only able to allocate funds in line with the trader's portfolio, but also automates ensure that any trade the copied investor performs. In addition members also have the ability be able to share, make comments on the posts of specific individuals, assets or markets, making it possible for them to take part in all the latest debates and information about their particular area of interest.</p><p>Even though it's limited to crypto initially, virtually all features currently available to eToro's geographical markets will be available on the U.S. And alongside its trading platform, the company is launching its own digital multisignature eToro wallet, which allows users to can save, transfer and receive numerous coins across a variety of cryptocurrency.</p><p>With these eToro accounts U.S. users can now transfer cryptocurrencies to and from their trading account . They is able to easily convert between them in addition. 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 possible in the near term.</p><p>EToro users can use transactions as well as share their trading activities and performance of their portfolios with other EToro users in order to discuss concepts that are implemented using real dollars</p><p></p><p>The expansion plan, however, doesn't come without risks. EToro moves into a highly competitive market -- in conjunction with well-known trading platforms such as Coinbase and Robinhood -and has announced a exclusive crypto version in the midst of "crypto winter," where the widespread weakness has plagued the sector.</p><p>The reason behind this strategy is caused by the fact that crypto is a lighter lift from a licensing standpoint compared with other classes of assets in the highly restrictive and fragmented U.S. regulatory environment. However, the eToro launch strategy is also solidly rooted into the company's belief the immense market opportunity that exists with the cryptocurrency 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 the long-term view in the company's strategy and isn't deterred with the current crypto weakness. https://notes.io/U7hy was comparing the market's softness and the dot.com bubble even though it crashed, the internet remained a part of it and caused disruption to the economy in longer term. Like it, Assia as well as eToro believe that there is more than enough space for multiple winners in the wider crypto economy.</p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><p>The company was the very first market platform to offer support for Ethereum and Ripple and is confident that , as similar currencies and the next generation of investors mature, eToro will be there to help these currencies wherever and in whatever way 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. " https://www.click4r.com/posts/g/3668413/how-to-buy-bitcoin 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>