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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 website in U.S. Its platform, currently is in operation in more than 140 nations, is now available in 30 states as well as two territories. There are plans to expand to other areas of the U.S. after receiving the necessary regulatory approvals.<p></p><p>The U.S. platform will only accept trading in crypto assets initially, however eToro plans to add additional asset classes over the next twelve months. In eToro's existing markets, its customers of 10 million are able to trade and hold more than 1500 asset classes and markets, including stocks, bonds or cryptocurrencies, currencies that are fiat commodities, and more.</p><p>Although eToro offers more advanced trading strategies such as short-selling as well as the use of leverage -- the platform's transparency and community engagement features make it a great tool in helping beginners learn about capital markets and understand how to trade.</p><p></p><p>EToro is equal parts trading platform, social network as well as an educational tool. Everyone who joins eToro can observe, share and follow the trading actions from everyone else on the network, and also the actual losses and returns so far (though only on a per-cent basis to safeguard confidential financial information). While studying the strategies of their colleagues as well, they are able to put money into virtual currency so that they can make practice and improve their skills prior to investing their own money.</p><p>Additionally, based upon a trader's record, other members can copy the portfolio of their eToro member using its "CopyTrader?" feature, which not only proportionally allocates funds to match the trader's portfolio but can also automatically make any trade copied investor makes. Additionally it allows members to share, discuss and engage with certain people, assets, or markets, so that they can participate in the most recent discussions and news regarding their particular area of interest.</p><p>However, despite being restricted to cryptocurrency at first, virtually all of the features that exist in the current regions will be made available throughout the U.S. And alongside its trading platform the company has announced an online multi-signature eToro wallet. With it, users can send, store and receive multiple coins using a variety of cryptocurrencies.</p><p>By using Their eToro customers' accounts U.S. users can move cryptocurrencies onto and from their trading accounts. https://malequartz5.tumblr.com/post/675869508412522496/how-to-buy-bitcoin can easily convert between the two in addition. The wallet's initial support will include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company intends to make additional currencies readily available in the coming months.</p><p>EToro users can carry out transactions while sharing their trading actions and portfolio performance with the community with the ability to discuss strategies that are then executed with real dollars</p><p></p><p>The expansion strategy, however, doesn't come without the risk. EToro wants to join a highly competitive marketplace , along with prominent trading platforms like Coinbase as well as Robinhood -and is now launching a solely in the middle of "crypto winter," where widespread weakness has afflicted the sector.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></p><p>Part of the strategy is caused by the fact that crypto is lighter from a licensing standpoint compared in comparison to the rest of the asset class within the strict and highly fragmented U.S. regulatory environment. However, the launch strategy of eToro has its roots within the company's conviction in an enormous market opportunity in 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 interview with TechCrunch?.</p><p>EToro has an opportunistic approach to its strategy and isn't thrown with the current crypto weakness. https://anotepad.com/notes/6p779y3i identified the weakness in the market on the other hand to the dot-com bubble, which, despite the market crash, the internet continued to permeate and caused disruption to the economy in longer term. And just like with web-based technology Assia along with eToro believe that there will be more than enough space to make multiple winners in the wider crypto industry.</p><p>The company was the very first platform in its market that was able to work with Ethereum and Ripple and believes that , as these currencies and the new generation of investors get older, eToro will be there to help them 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," 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>