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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? trading and social investing platform eToro announced that it will officially launch its service in the U.S. The platformthat already operates in over 140 countrieswill become available in 30 states as well as two territories. There are plans to expand across the U.S. after receiving the needed regulatory approvals.This U.S. platform will only accept trading in crypto assets initially, however eToro plans to add additional asset classes in the coming 12 months. On eToro's current markets, the company's 10 million-plus users can trade and manage more than 1,500 different asset classes and markets, including stocks, bonds cryptocurrency, fiat currencies commodities, and more.Even though eToro even supports more advanced trading strategies -- including short-selling as well as using leverage, the system's transparency and community involvement features serve as excellent tools for people who are new to the trading markets and learn to trade.EToro is equal parts social network, trading platform plus a resource for learning. Any user who signs up to eToro can view, discuss and replicate the trading activities as well as the other members on the network, and also their realized profits and losses to date (though only on a per-cent basis to protect confidential financial information). While studying the methods of their peers Users can decide to invest in virtual currencies to make practice and improve their skills prior to taking on risk with their own money.Or, depending on a trader's track record, other users can select to mirror their portfolio by using eToro's "CopyTrader?" feature, which does not just allocate funds to fit the trader's portfolio but also can automatically create any trade the copy investor does. On top of that users also have the option to share, discuss, engage with or follow particular users, assets, or markets, allowing them to participate in the latest discussion and updates about their particular area of interest.While the platform is restricted to crypto at launch, nearly all of the features offered by eToro's other market will be available to users in the U.S. And alongside https://reda.sa/members/mariasphynx3/activity/940238/ trading platform and services, the company has launched the multi-signature eToro wallet, which allows users to can store, send and receive many coins across a myriad of cryptocurrencies.Using them with their eToro accounts U.S. users can transfer cryptocurrency to and from their trading account and will be able to convert between them as well. It 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 future.EToro users can conduct transactions that allow them to share trading information and performance of their portfolios with other EToro users Users can also discuss ideas and execute them using real dollars<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>The expansion plan, however, does not come without the risk. EToro has entered a highly competitive marketplace -- alongside other prominent trading platforms like Coinbase and Robinhood -and is now launching a crypto-only version in the midst of "crypto winter," where widespread instability has plagued the sector.Part of the reason for this is due to the fact that crypto is a more relaxed option from a licensing standpoint similar asset classes in the rigid and extremely fragmented U.S. regulatory environment. However, the eToro launch strategy is also firmly grounded into the company's belief the vast market opportunity that is available through the crypto tokenization."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 mentioned in a conversation with TechCrunch?.EToro has long-term perspective with its approach and isn't overthrown by the current weakness in crypto. Assia described the market's weakening by comparing it to the dotcom bubble that despite the downfall, the internet still permeated and created disruption in the long-term. Like an internet connection, Assia as well as eToro believe there will be enough space for multiple winners in the larger crypto ecosystem.It was the first platform in its market to offer support for Ethereum and Ripple and is confident that as similar currencies develop and the next generation of investors mature, eToro will be there to assist their users in the way they need it."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."

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