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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced it will officially launch its service in the U.S. The platform, which operates in over 140 countries, will be available in 30 states and 2 territories, with plans to expand to other areas of the U.S. after receiving the needed regulatory approvals.<p></p><p>Its U.S. platform will only support trading for crypto assets initially, however eToro plans to offer additional asset classes in the coming 12 months. In eToro's existing markets, the company's more than 10 million users are able to invest in and hold more that 1500 different asset classes and markets including bonds, stock crypto currencies, cryptocurrencies commodities and more.</p><p>Even though eToro also supports more sophisticated trading strategies such as short-selling as well as using leverage, the platform's transparency , community engagement capabilities make great tools for novices to get familiar with the capital markets as well as how to trade.</p><p></p><p>EToro is a combination of trading platform, social network also an education resource. Users who sign up to eToro can see, comment or copy the trading activities of everyone else on the network, as well as their actual profits and losses so far (though only by a percentage to secure sensitive financial information). While learning from the strategies of their colleagues and trading partners, members can choose to invest in virtual currencies to improve their practice and learn before taking on risk with their own money.</p><p>Based on a trader's history, other users are able to duplicate the portfolio of their eToro member using its "CopyTrader?" feature, which will not only allocate funds in line with the trader's portfolio but can also automatically complete any trade the copied investor performs. In addition, members are also able to interact, post comments on and engage with certain individuals, assets, or markets, permitting them to join in the most recent discussions and news related to their specific area of interest.</p><p>Although the service is limited to cryptocurrency at first, nearly all of the features that are available on eToro's current international markets will also be available throughout the U.S. And alongside its trading platform in the coming months, the company will also launch its own digital multisignature eToro wallet. It will allow users can save, transfer and receive numerous coins across a variety of cryptocurrency.</p><p>Through the eToro logins U.S. users can transfer cryptocurrencies into and out of their trading accounts. Users can convert them between and vice versa. The wallet is initially able to support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company plans to make additional currencies soon.</p><p>EToro users can execute transactions as well as share their trading activities and performance of their portfolios with other EToro users by allowing users to debate ideas , and then execute the transactions using real dollars</p><p></p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><p>The expansion plan, however come without the risk. https://reda.sa/members/mirrorglue4/activity/939152/ into a highly competitive marketplace , alongside highly-rated trading platforms like Coinbase as well as Robinhood -it is also launching its only in crypto during the midst of "crypto winter," where widespread weakness has plagued the sector.</p><p>A portion of the strategy can be partly due to the fact crypto is less expensive from a licensing point of view compared in comparison to the rest of the asset class in the highly regulated and splintered U.S. regulatory environment. But the company's plan to launch its product is also firmly grounded in its belief in the vast market opportunities associated with the tokenization of assets.</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 is taking long-term perspective with its business plan and isn't affected with the current crypto weakness. Assia believes that the market's slowdown is comparable as the dot-com boom which, despite the market crash, the internet persisted and destroyed the economy in longer term. And just like with web-based technology Assia is also eToro believe there will be more than enough space for multiple winners in the broader crypto ecosystem.</p><p>The company was the very first market to offer support for Ethereum and Ripple, and believes that as similar currencies and the future generation of investors mature, eToro will be there to help these currencies wherever and in any way they require.</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>