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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social trading and investing platform eToro announced it will officially launch its platforms in U.S. The platformthat already is available in more than 140 nations, is now accessible in 30 states and two states with plans to expand elsewhere in the U.S. after receiving the needed regulatory approvals.<p></p><p>Its U.S. platform will only support trading for crypto assets in the beginning, but eToro intends to include additional types of assets in the coming 12 months. In the current market, its customers of 10 million are able to trade and hold more than 1500 different asset classes as well as markets, including stocks, bonds cryptocurrency, fiat currencies, commodities and more.</p><p>While eToro even supports more advanced trading strategies , such as trading with short-terms and leverage, the platform's transparency as well as community engagement features are great tools for novices to get familiar with the capital markets , and also learn to trade.</p><p></p><p>EToro is a combination of trading platform, social network in addition to an academic resource. Anyone who joins eToro has the ability to see, post comments and copy the trading activity of everyone else on the network, and also their actual profits and losses so far (though only on a percentage basis in order to protect sensitive financial information). While studying https://anotepad.com/notes/4ffbbjm3 of their fellow traders as well, they are able to use virtual currency in order to make practice and improve their skills prior to making a decision to invest their own money.</p><p>In addition, based on a trader's past performance, other users may choose to copy their portfolio by using eToro's "CopyTrader?" feature, which is not only able to allocate funds to match the investor's portfolio, but it also allows the copied investor to automatically complete any trade the copied investor's. On top of that users are also able to comment, share engaging with, or follow particular individuals, assets or markets, permitting them to join in all the latest debates and information about their particular area of interest.</p><p>Although the service is limited to crypto initially, basically all of the features available on eToro's previous geographic markets will be accessible for users within the U.S. And alongside its trading platform in the coming months, the company will also launch it's digital multi-signature eToro wallet, which users are able to store, send, and receive multiple coins using a variety of cryptocurrency.</p><p>Utilizing the eToro clients, U.S. users can now transfer cryptocurrencies to and from their trading accounts. And they have the ability to easily convert between, as well. 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 accessible in the near future.</p><p>EToro users can conduct transactions as well as share their trading activities and portfolio performance with the community and allow users to share ideas and implement them with real dollars</p><p></p><p>The expansion plan, howeverdoes have a low risk. EToro is entering a competitive marketplace -- alongside other top trading platforms such Coinbase as well as Robinhood -it is also launching its cryptocurrency-only version during the midst of "crypto winter," where wide-spread weakness has plagued sector.</p><p>One aspect of the strategy is due to the fact that crypto is a lighter lift from a licensing standpoint compared similar asset classes in the extremely regulated and fragmented U.S. regulatory environment. However, eToro's strategy for launching is also heavily rooted by its belief in an enormous market opportunity due to the digital tokenization of asset.</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 told a conversation with TechCrunch?.</p><p>EToro is taking long-term perspectives with its business plan and isn't affected at by the current market weakness. Assia described the market's weakening with the bubble of dotcom where despite the crash, Internet still permeated and affected the economy in the longer term. As with it, Assia and eToro believe that there will be more than enough space for multiple winners within the larger crypto ecosystem.</p><p>The company was the very first platform in its market to accept Ethereum and Ripple and believes that , as these currencies and the next generation of investors mature, eToro will be there to support the two currencies in any way that 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>