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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investing and trading platform eToro announced that it is launching its online platform to the U.S. The platform, which already is operational in more than 140 countriesaround the world, will now be available in 30 states and two territories . http://cqms.skku.edu/b/lecture/792583 has plans to expand outside of the U.S. after receiving the necessary regulatory approvals.<p></p><p>This U.S. platform will only allow trading of crypto currencies when it launches, but eToro will be adding additional asset classes over the next 12 months. The existing markets on eToro are where its customers of 10 million can deal and hold more than 1500 asset classes in markets such as bonds, stocks and currencies such as cryptocurrencies, fiat currency, commodities and more.</p><p>While eToro can also support more advanced trading strategies -- like short-selling as well as using leverage -- the platform's transparency and community engagement features serve as excellent tools for newcomers to explore the capital markets and understand how to trade.</p><p></p><p>EToro is a social network, trading platform or educational platform. https://notes.io/U4Nz who joins eToro can observe, share and replicate the trading activities from everyone else on the network, in addition to their own realized gains and losses so far (though only according to a percentage, in order to safeguard sensitive financial data). While studying the strategies of their peers customers can also trade with virtual currency to improve their practice and learn before making a decision to invest their own money.</p><p>If you want to, based on the trader's record, other users may decide to imitate the portfolio using eToro's "CopyTrader?" feature, which not only proportionally allocates funds that match the trader's portfolio, but also will automatically make any trade copied investor's. Furthermore they are also able to connect, comment on as well as follow certain users, assets or markets -- which allows them to be part of all the latest debates and information in their area of interest.</p><p>Despite being limited to crypto at launch, almost all the same functions available on the existing regions will be made available for users within the U.S. And alongside its trading platform it's also launching an online multi-signature eToro wallet. It will allow users can store, send and receive several coins across a range of cryptocurrencies.</p><p>Through accounts with eToro accounts U.S. users can transfer cryptocurrency funds to and out of their trading accounts. Users are able to convert them easily as well. The wallet will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company intends to make additional currencies possible in the near term.</p><p>EToro users can use transactions and share their trading activity and portfolio performance with the community and allow users to share concepts that are implemented using real dollars</p><p></p><p>The expansion strategy, however, doesn't come without risk. EToro enters a highly competitive market -- with popular trading platforms like Coinbase and Robinhood -it is also launching its exclusive crypto version in the midst of "crypto winter," where wide-spread weakness has plagued sector.</p><p>The reason behind this strategy is in part due to the reality that crypto is lighter from a licensing standpoint in comparison to the rest of the asset class within the highly regulated and splintered U.S. regulatory environment. However, eToro's strategy for launching is also firmly rooted on the company's belief of the immense market opportunity which is created by 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 stated in a conversation with TechCrunch?.</p><p>EToro has long-term perspectives with its strategy and isn't thrown by the current crypto weakness. Assia related the market's decline and the dot.com bubble where , despite the collapse, the internet continued to permeate and perturbed the economy over the long term. Much like online, Assia and eToro believe that there is more than enough room for multiple winners in the broader crypto ecosystem.</p><p>It was the first platform in its markets that was able to work with 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 wherever they are in the way they need it.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></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>