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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social trading and investing platform eToro announced that they will soon launch its website in U.S. The platform, which operates in more than 140 locations, will eventually be accessible in 30 states and two territories with plans to expand throughout the U.S. after receiving the necessary regulatory sign-offs.<p></p><p>This U.S. platform will only accept trading in crypto assets at the time of launch, however eToro plans to introduce additional categories of assets within the next 12 months. In the current market, its more than 10 million customers are able to exchange and keep more than 1,500 different asset classes and markets comprising bonds, stocks crypto currencies, cryptocurrencies, commodities and more.</p><p>Though eToro can also support more advanced trading strategies -- including short-selling , as well as the use leverage -- the features of the platform's transparency and social engagement features act as great tools for novices to get familiar with the financial markets and to learn to trade.</p><p></p><p>EToro is a combination of social network, trading platform along with an online educational source. Users who sign up to eToro is able to observe, comment or copy the trading activities and actions of all others on the network, and also their own realized gains and losses up to date (though only by a percentage to safeguard confidential financial information). While studying http://www.docspal.com/viewer?id=- used by their peers as well, they are able to play with virtual currency and be able to train and practice their skills before taking on risk with their own money.</p><p>Or, depending on a trading history, users can also choose to replicate their portfolios using eToro's "CopyTrader?" feature, which will not only allocate funds in line with the trader's portfolio, but will also make any trade copied investor's make. Additionally users also have the option to comment, share or engage with particular individuals, assets or markets, which allows them to be part of the most recent discussions and news regarding their particular area of interest.</p><p>Although the service is limited to crypto when it first launched, almost all the same features available in the existing global markets will be available in the U.S. And alongside its trading platform the company is launching the multi-signature eToro wallet, where users have the ability to store, send and receive various coins across a variety of crypto currencies.</p><p>Utilizing Their eToro customers' accounts U.S. users can transfer cryptocurrencies into and through their trading account. In addition, they could easily convert between them and vice versa. The wallet initially will support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to make additional currencies to be available in near future.</p><p>EToro users can use transactions and share trading activities and performance of their portfolios with other EToro users in order to discuss ideas and execute them using real dollars</p><p></p><p>The expansion plan, however have a low the risk. EToro is entering a competitive marketplace , alongside top trading platforms such Coinbase and Robinhood -and is planning to launch a crypto-only version in the midst of "crypto winter," where widespread weaknesses have plagued the sector.</p><p>One aspect of the strategy is partly due to the fact cryptocurrency is considered to be a less costly asset from a licensing standpoint compared different asset types within the highly complex and strict U.S. regulatory environment. But eToro's launch strategy is also in its belief in the immense market opportunity for currency tokenization.</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, in a conversation with TechCrunch?.</p><p>EToro is taking long-term perspectives with its strategies and doesn't get sucked with the current crypto weakness. Assia was comparing the market's softness and the dot.com bubble where , despite the collapse, the internet remained pervasive and destroyed the economy in long-term. As with the web, Assia is also eToro believe there will be more than enough room for multiple winners within cryptocurrency's larger ecosystem.</p><p>It was the first platform in its market to accept Ethereum and Ripple and is confident that as the two currencies are similar and the new generation of investors get older, eToro will be there to assist 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."<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></p>