mcdanielporterfield594328

Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? trading and social investing platform eToro announced it will finally be launching their platform within the U.S. Its platform, currently is in operation in more than 140 countries, will be accessible in 30 states and two states with plans to expand elsewhere in the U.S. after receiving the necessary regulatory approvals.<p></p><p>Its U.S. platform will only provide trading support for crypto assets initially, however eToro plans to expand its categories of assets within the next twelve months. On eToro's current markets, the company's 10 million+ users are able to trade and hold more than 1500 different asset classes as well as markets that include bonds, stocks the cryptocurrencies, fiat currencies, commodities and more.</p><p>While eToro is able to support more advanced trading strategies , including short-selling and leverage, the platform's transparency and engagement capabilities make great tools in helping beginners learn about capital markets as well as how to trade.</p><p></p><p>EToro is a social network, trading platform or educational platform. https://reda.sa/members/freezebra1/activity/940359/ who sign-ups for eToro is able to observe, comment and record the trading activity of everyone else on the network, as well as their real-time returns and losses to date (though only on a per-cent basis to keep confidential financial data safe). While learning from the strategies of their fellow traders the users are able to put money into virtual currency so that they can practice and effectively train before actual risking their money.</p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><p>Or, depending on a trading history, users can select to mirror their portfolio by using eToro's "CopyTrader?" feature, which doesn't just proportionally allocate funds in accordance with the trader's portfolio, it can also execute any trade that the copied investor performs. In addition members also have the ability to comment, share engaging with, or follow certain users, assets or markets -- allowing them to participate in the latest debate and news on their particular field of interest.</p><p>Although it is limited to crypto at launch, many of the same features that exist in the current international markets will also be available at a lower cost in the U.S. And alongside its trading platform the company has announced its digital multi-signature eToro wallet. It will allow users can send, store and receive multiple coins across a multitude of different cryptocurrencies.</p><p>Using the eToro customers' accounts U.S. users can now transfer cryptocurrencies to and through their trading account. In addition, they could easily convert between them and vice versa. It will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company plans to make additional currencies accessible in the near future.</p><p>EToro users can conduct transactions and share trading activities and performance of their portfolios with other EToro users that allows users to talk about ideas and implement them with real dollars</p><p></p><p>The expansion plan, however, doesn't come without risks. EToro wants to join a competitive market -- alongside major trading platforms like Coinbase and Robinhood -and has announced a digital currency-only platform in the middle of "crypto winter," where widespread weaknesses have plagued the sector.</p><p>A portion of the strategy can be because crypto is an easier lift from a licensing point of view compared to other asset classes within the strict and highly fragmented U.S. regulatory environment. However, the launch strategy of eToro is also strongly rooted in its belief in the huge market potential in the tokenization of the 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 an conversation with TechCrunch?.</p><p>EToro has a long-term view with its approach and isn't overthrown at by the current market weakness. Assia said that the market's weakness is similar on the other hand to the dot-com bubble, which, despite the market crash, Internet still permeated and perturbed the economy over the long-term. Similar to online, Assia and eToro believe that there will be more than enough space to make multiple winners in the broader crypto ecosystem.</p><p>It was the first platform in its markets to accept Ethereum and Ripple and believes that as similar currencies and the next generation of investors mature, eToro will be there to support 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," 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>