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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced that it will officially launch it's platform across the U.S. The platform, which currently is operational in more than 140 countriesaround the world, will now be available in 30 states and two regions with plans to expand outside of the U.S. after receiving the needed regulatory approvals.<p></p><p>Its U.S. platform will only support trading for crypto assets at launch, but eToro will be adding additional categories of assets within the next 12 months. With the existing markets, the 10 million or more users are able to trade and hold more than 1500 different asset classes as well as markets such as bonds, stocks and cryptocurrencies, as well as fiat currencies commodities and more.</p><p>Although eToro can also support more advanced trading strategies -- including short-selling and using leverage, the features of the platform's transparency and social engagement capabilities make great tools that help beginners understand market and how to trade.</p><p></p><p>EToro is a trading platform, social network as well as an educational tool. Anyone who joins eToro has the ability to see, post comments as well as copy the trades of other members of the network, and also their realized profits and losses so far (though only by a percentage to safeguard confidential financial information). While studying the strategies of their fellow traders and trading partners, members can choose to use virtual currency in order to practise and train effectively before taking on risk with their own money.</p><p>However, based off a trader's performance record, other users may choose to copy their portfolios by using the "CopyTrader?" feature, which can not only distribute funds in line with the trader's portfolio, but can also ensure that any trade the copied investor performs. Additionally they are also able to share, comment on the posts of certain individuals, assets, or markets, allowing them to participate in the latest discussions and news in their area of interest.</p><p>While the platform is restricted to crypto initially, virtually all features offered by eToro's other regions will be made available on the U.S. And alongside https://swamptub3.tumblr.com/post/675811000612683776/how-to-buy-bitcoin trading platform the company has announced their digital multi-signature eToro wallet. It will allow users can store, send and receive many coins across a myriad of crypto currencies.</p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><p>Using their eToro logins U.S. users can transfer cryptocurrencies into and from their trading account and will be able to 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 plans to make additional currencies readily available in the coming months.</p><p>EToro users can execute transactions and share their trading activity and performance of their portfolios with the community by allowing users to debate ideas and execute them using real dollars</p><p></p><p>The expansion plan, however, does not come without the risk. EToro has entered a competitive market -- in conjunction with popular trading platforms , such as Coinbase as well as Robinhood -- and is launching its solely in the middle of "crypto winter," where widespread weakness has plagued the sector.</p><p>The reason behind this strategy is caused by the fact that crypto is an easier lift from a licensing standpoint compared with other classes of assets in the highly unstructured and strict U.S. regulatory environment. However, the eToro launch strategy is also deeply rooted to the firm's belief that huge opportunities for market growth that is available through the asset 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 remarked in a conversation with TechCrunch?.</p><p>EToro is taking the long view with their strategy and hasn't been impacted by the current weakness in crypto. Assia said that the market's weakness is similar with the bubble of dotcom, even though it crashed, the internet continued to be a force that created disruption in the long run. And just like with an internet connection, Assia along with eToro believe that there will be more than enough room for multiple winners in the larger crypto market.</p><p>The company was the very first market platform to accept Ethereum and Ripple and believes that as similar currencies mature and the next generation of investors mature, eToro will be there to help these currencies wherever and 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," 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>