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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social trading and investing platform eToro announced it is finally launching its platforms in U.S. The platform, which already operates in more then 140 countrieswill become available in 30 states and two countries with plans for expansion elsewhere in the U.S. after receiving the required regulatory approvals.<p></p><p>The U.S. platform will only allow trading of crypto currencies in the beginning, but eToro plans to expand its asset classes in the coming 12 months. In the current market, the company's 10 million-plus users are able to hold and trade more than 1500 asset classes in markets including bonds, stock and currencies such as cryptocurrencies, fiat currency, commodities and more.</p><p>Though eToro can also support more advanced trading strategies -- like short-selling and the use of leverage, the platforms' transparency and community engagement capabilities make great tools that help beginners understand capital markets and understand how to trade.</p><p></p><p>EToro is a trading platform, social network as well as an educational tool. Anyone who is a member of eToro can observe, share and even copy the trading actions that other users of the network, and also their real-time returns and losses so far (though only on a percentage basis in order to protect confidential financial information). While studying https://sudanstool3.tumblr.com/post/675934334550671360/how-to-buy-bitcoin of their peers or using the platform, users can play with virtual currency and practise and train effectively before making a decision to invest their own money.</p><p>Alternatively, based on a traders track record, members can copy the portfolio using eToro's "CopyTrader?" feature, which is not only able to allocate funds in accordance with the trader's portfolio, but also automates take any trade the copy investor does. On top of that members also have the ability to comment, share engaging with, or follow specific individuals, assets or markets -- and participate in the most recent discussions and news concerning their area of interest.</p><p>Although it's only limited to cryptocurrency at first, almost all the same features available in the existing market will be available throughout the U.S. And alongside its trading platform and services, the company has launched an online multi-signature eToro wallet. With it, users can save, transfer and receive multiple coins across a multitude of different cryptocurrencies.</p><p>With them with their eToro and eToro accounts U.S. users can now transfer cryptocurrencies from their trading account and will be able to 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 add additional currencies available in the near future.</p><p>EToro users can use transactions that allow them to share trading information and portfolio performance with the community Users can also discuss ideas , and then execute the transactions using real dollars</p><p></p><p>The expansion plan, however, does not have a low the risk. EToro plans to enter a highly competitive market -- with top trading platforms such Coinbase and Robinhood -and has announced a crypto-only version in the midst of "crypto winter," where massive weakness has plagued the sector.</p><p>A portion of the strategy can be attributable to the fact that cryptocurrency is considered to be a less costly asset in terms of licensing compared similar asset classes in the highly complex and strict U.S. regulatory environment. However, the strategy behind eToro's launch is also solidly rooted to the firm's belief that the enormous market potential for crypto tokenization.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></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 during a interview with TechCrunch?.</p><p>EToro is taking a long-term view with its strategy and isn't thrown by the current crypto weakness. https://bvphusanct.com.vn/Default.aspx?tabid=120&ch=17369 was comparing the market's softness as the dot-com boom that despite the downfall, the internet persisted and caused disruption to the economy in longer term. Much like the internet, Assia and eToro believe there will be enough room for multiple winners within the wider crypto ecosystem.</p><p>The company was the very first platform in its markets that supported Ethereum and Ripple and is confident that , as similar currencies and the new generation of investors get older, eToro will be there to support any time and 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>