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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? trading and social investing platform eToro announced it will be launching its services in the U.S. https://controlc.com/771f3713 , currently operates in over 140 nations, is now available in 30 states and two territories . It also has plans to expand elsewhere in the U.S. after receiving the necessary regulatory approvals.<p></p><p>This U.S. platform will only provide trading support for crypto assets at the time of launch, however eToro will be adding additional asset classes over the next twelve months. In the current market, its more than 10 million customers can trade and hold more than 1500 different asset classes as well as markets which include bonds, stocks or cryptocurrencies, currencies that are fiat, commodities and more.</p><p>Even though eToro also supports more sophisticated trade strategies -- which include short-selling as well as the use of leverage, the platform's transparency and community engagement features act as great tools that help beginners understand capital markets and understand how to trade.</p><p></p><p>EToro is equal parts trading platform, social network also an education resource. Any user who signs up to eToro will be able to read, write about and follow the trading actions and actions of all others on the network, as well as the actual losses and returns so far (though only on a percentage basis in order to safeguard confidential financial information). While studying the methods of their peers as well, they are able to trade with virtual currency to practice and effectively train before placing their money at risk.</p><p>Based on a trader's past performance, other users may decide to imitate their portfolios using eToro's "CopyTrader?" feature, which is not only able to allocate funds in line with the trader's portfolio, but will also complete any trade the copied investor's make. In addition they are also able communicate, leave comments on, engage with or follow particular individuals, assets or markets -- they can also participate in the most recent discussions and news regarding their particular area of interest.</p><p>Despite being limited to crypto initially, almost all the same functions available on the existing market will be available across the U.S. And alongside its trading platform and its trading platform, the company will launch its multi-signature digital eToro wallet. Users can send, store and receive multiple coins in a wide range of cryptocurrencies.</p><p>Using the eToro accounts, U.S. users can move cryptocurrencies onto and from their trading account and can easily convert between the two and also. It will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to offer additional currencies to be available in near future.</p><p>EToro users can carry out transactions and share their trading activity and performance of their portfolios with the community Users can also discuss ideas that are executed using real dollars</p><p></p><p>The expansion plan, however come without the risk. EToro is entering a competitive marketplace , along with top trading platforms such Coinbase and Robinhood -and is planning to launch a only in crypto during the midst of "crypto winter," where widespread weakness has plagued the sector.</p><p>One aspect of the strategy is related to the fact that crypto is lighter from a licensing point of view compared in comparison to the rest of the asset class in the highly restrictive and fragmented U.S. regulatory environment. However, eToro's approach to launch is also in the firm's belief in the massive market opportunity in the tokenization of assets.</p><p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>"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 interview with TechCrunch?.</p><p>EToro has a long-term view with its strategy and isn't thrown off by the current weakening of crypto. Assia described the market's weakening and the dot.com bubble with the result that, despite the crash the internet continued to permeate and caused disruption to the economy in long run. Like https://notes.io/U67B , Assia along with eToro believe that there is more than enough space to make multiple winners in the wider crypto industry.</p><p>It was the first platform in its markets to allow Ethereum and Ripple and is confident that , as similar 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>