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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investing and trading platform eToro announced it will launch its services in the U.S. The platform, which already is operational in more than 140 countries, will be accessible in 30 states as well as two territories. There are plans for expansion elsewhere in the U.S. after receiving the required regulatory approvals.<p></p><p>This U.S. platform will only offer trading on crypto assets at the time of launch, however eToro plans to expand its asset classes over the course of the next 12 months. With the existing markets, the 10 million or more users are able to invest in and hold more that 1,500 different asset classes and markets including bonds, stock crypto currencies, cryptocurrencies commodities and more.</p><p>Even though eToro offers more advanced techniques for trading -- such as trading with short-terms and leverage, the platform's transparency and community engagement features act as great tools for newcomers to explore the financial markets and to learn to trade.</p><p></p><p>EToro is equal parts social network, trading platform in addition to an academic resource. Anyone who is a member of eToro can see, comment and record the trading activity and actions of all others on the network, as well as their actual profits and losses so far (though only on a per-cent basis to protect financial information that is sensitive). While studying the strategies of their peers customers can also invest with virtual currency to be able to train and practice their skills before placing their money at risk.</p><p>Based on a trader's performance record, other users can choose to mimic their portfolio using eToro's "CopyTrader?" feature, which does not just allocate money to match the trader's portfolio, but also automates make any trade the copied investor performs. Furthermore, members are also able to post comments, share information as well as follow particular users, assets, or markets, allowing them to participate in the latest discussions and news about their specific area of interest.</p><p>Although it is limited to crypto when it first launched, practically all of these features available in the existing countries will be accessible on the U.S. And alongside its trading platform and its trading platform, the company will launch the multi-signature eToro wallet, which allows users to are able to store, send, and receive multiple coins from a variety of cryptocurrency.</p><p>Through one of their eToro logins U.S. users can move cryptocurrencies onto and from their trading accounts. And they are able to convert them easily and vice versa. The wallet 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><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>EToro users can use transactions in exchange for sharing trading activities and performance of their portfolios with other EToro users which allows users to exchange ideas that can be executed using real dollars</p><p></p><p>The expansion plan, however, does not have a low risk. EToro is entering a highly competitive market -- in conjunction with popular trading platforms , such as Coinbase and Robinhood -it is also launching its only in crypto during the midst of "crypto winter," where widespread instability has plagued the sector.</p><p>A large part of the strategy is attributable to the fact that crypto is an easier lift in terms of licensing compared the other types of asset within the strict and highly fragmented U.S. regulatory environment. However, eToro's approach to launch has its roots within the company's conviction in huge opportunities for market growth for digital tokenization of asset.</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 mentioned in a interview with TechCrunch?.</p><p>EToro is taking the long view with its strategy and isn't thrown with the current crypto weakness. Assia related the market's decline in the wake of the dot-com crash, in which, despite the downturn, the internet continued to permeate and perturbed the economy over the longer term. Like https://notes.io/U6Bn , Assia as well as eToro believe that there is more than enough space to make multiple winners in the larger crypto ecosystem.</p><p>The company was the very first platform in its markets that was able to work with 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 any way that 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>