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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced that it is set to launch its platform in the U.S. The platform, which already operates in more than 140 nations, is now available in 30 states and two countries with plans to expand beyond the U.S. after receiving the necessary regulatory sign-offs.<p></p><p>Its U.S. platform will only allow trading of crypto assets when it launches, but eToro intends to include additional asset classes within the next twelve months. In eToro's existing markets, the company's 10 million+ users can buy and sell more than 1500 asset classes and markets which include bonds, stocks or cryptocurrencies, currencies that are fiat commodities, and more.</p><p>Even though eToro even supports more advanced trade strategies -- which include short-selling and using leverage -- the system's transparency and community involvement features make it a great tool for people who are new to the markets and discover how to trade.</p><p></p><p>EToro is a combination of trading platform, social network along with an online educational source. Everyone who joins eToro can access, read, and comment on and record the trading activity as well as the other members on the network, and also their actual returns and losses to date (though only as a percentage basis, to safeguard confidential financial information). While studying the strategies of their fellow traders Users can decide to play with virtual currency and practise and train effectively before actually risking their own money.</p><p>In addition, based on a trader's past performance, other users can also choose to replicate their portfolios by using the "CopyTrader?" feature, which doesn't just proportionally allocate funds in accordance with the trader's portfolio but also can automatically make any trade copied investor's. Furthermore it allows members to share, comment on, engage with or follow specific users, asset types or markets -- allowing them to participate in the most current debates and news concerning their area of interest.</p><p>Despite being limited to crypto at the time of launch, virtually all functions available on the existing international markets will also be available throughout the U.S. And alongside its trading platform it is also launching the digital multi-signature eToro wallet. Users are able to store, send, and receive multiple coins from a variety of crypto currencies.</p><p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>Utilizing the eToro Accounts, U.S. users can transfer cryptocurrency funds to and from their trading accounts. And they can easily convert between them as well. The wallet will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but they plan to launch additional currencies available in the near time.</p><p>EToro users can use transactions and share trading and performance of their portfolios with other EToro users in order to discuss ideas and implement them with real dollars</p><p></p><p>The expansion plan, howeverdoes have a low the risk. EToro enters a highly competitive market -- alongside highly-rated trading platforms like Coinbase as well as Robinhood -and is planning to launch a only in crypto during the midst of "crypto winter," where wide-spread weakness has plagued sector.</p><p>One aspect of the strategy is directly related to the fact crypto is an easier lift from a licensing point of view compared and other investment classes in the extremely regulated and fragmented U.S. regulatory environment. But http://www.docspal.com/viewer?id=- to launch its product is also deeply rooted on the company's belief of the immense market opportunity that exists with the currency 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 an opportunistic approach to their strategy and hasn't been impacted into the current crypto slump. Assia said that the market's weakness is similar to that of the dot com bubble where , despite the collapse, the internet was still a major factor and destroyed the economy in long run. And just like with web-based technology Assia is also eToro believe that there is more than enough space to make multiple winners in cryptocurrency's larger ecosystem.</p><p>The company was the very first market platform that supported Ethereum and Ripple, and believes that when similar currencies and the next generation of investors mature, eToro will be there to assist any time and 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," 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>