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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 its online platform to the U.S. The platform, that currently operates in more 140 nations, is now accessible in 30 states and two regions with plans for expansion elsewhere in the U.S. after receiving the required regulatory approvals.<p></p><p>Its U.S. platform will only be able to support trading for crypto assets at the time of launch, however eToro plans to introduce additional assets classes within the next 12 months. In the current market, the more than 10 million users are able to trade and hold more than 1,500 different asset classes and markets which include bonds, stocks the cryptocurrencies, fiat currencies commodities, and more.</p><p>Though eToro can also support more advanced trading strategies -- including trading with short-terms and leverage -- the system's transparency and community involvement features make it a great tool for novices to get familiar with the markets and discover how to trade.</p><p></p><p>EToro is equal parts social network, trading platform along with an online educational source. Anyone who sign-ups for eToro will be able to read, write about and replicate the trading activities from everyone else on the network, as well as their actual profits and losses so far (though only on a per-cent basis to keep confidential financial data safe). While studying the methods of their peers Users can decide to trade with virtual currency to practice and effectively train before actually risking their own money.</p><p>Or, depending on a trading history, users can also choose to replicate the portfolio of their eToro member using its "CopyTrader?" feature, which can not only distribute funds to the trader's portfolio, but also will automatically take any trade the copied investor makes. Furthermore users are also able to share, discuss as well as follow specific users, assets or markets, allowing them to participate in the most recent debates and news regarding their particular area of interest.</p><p>Although it is limited to crypto initially, practically all of these functions available on the existing international markets will also be available for users within the U.S. And alongside its trading platform and services, the company has launched its multi-signature digital eToro account, where users can manage, store and receive multiple coins in a wide range of different cryptocurrencies.</p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><p>Through accounts with eToro account, U.S. users can transfer cryptocurrency funds to and out of their trading accounts. http://www.docspal.com/viewer?id=- can convert them between in addition. The wallet will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but it is planned to add additional currencies accessible in the near future.</p><p>EToro users can carry out transactions and share their trading activity and performance of their portfolios with other EToro users and allow users to share ideas that can be executed using real dollars</p><p></p><p>The expansion strategy, however, doesn't have a low risk. EToro wants to join a competitive marketplace -- alongside other major trading platforms like Coinbase as well as Robinhood -and is planning to launch a only in crypto during the midst of "crypto winter," where widespread instability has plagued the sector.</p><p>A portion of the strategy can be due to the fact that crypto is an easier lift in terms of licensing similar asset classes in the extremely regulated and fragmented U.S. regulatory environment. However, eToro's strategy for launching is also firmly grounded to the firm's belief that an enormous market opportunity that is available through 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 said in a conversation with TechCrunch?.</p><p>EToro is taking the long-term view in its business plan and isn't affected by the current crypto market weakness. Assia has compared the current market weakness by comparing it to the dotcom bubble in which, despite the downturn, the internet still permeated and perturbed the economy over the longer term. Similar to the web, Assia as well as eToro believe that there is more than enough room for multiple winners in the larger crypto market.</p><p>The company was the very first market which was able to integrate Ethereum and Ripple, and believes that , as similar currencies and the new generation of investors get older, eToro will be there to assist 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. "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>