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http://www.docspal.com/viewer?id=- Reports Fourth Quarter and Full Year 2021 ResultsThe social trading and investing platform eToro announced that it will launch its service in the U.S. The platformwhich operates in more than 140 nations, is now accessible in 30 states and two countries with plans to expand further in the U.S. after receiving the needed regulatory approvals.<p></p><p>Its U.S. platform will only support trading for crypto assets at the time of launch, however eToro plans to add additional categories of assets within the next 12 months. In eToro's existing markets, its customers of 10 million are able to exchange and keep more than 1500 different asset classes and markets comprising bonds, stocks and cryptocurrencies, as well as fiat currencies, commodities and more.</p><p>Even though eToro even supports more advanced trading strategies -- including short-selling as well as using leverage, the platforms' transparency and community engagement capabilities are excellent tools for beginners to learn the capital markets and learn how to trade.</p><p></p><p>EToro is a social network, trading platform plus a resource for learning. Anyone who registers on eToro will be able to read, write about as well as copy the trades from everyone else on the network, and also the actual losses and returns up to date (though only in a percentage-based basis to protect confidential financial information). While learning from the strategies of their colleagues and trading partners, members can choose to put money into virtual currency so that they can be able to train and practice their skills before placing their money at risk.</p><p>On the other hand, based on a trading history, users can also choose to replicate their portfolio by using eToro's "CopyTrader" feature, which doesn't just proportionally allocate money to match the trader's portfolio, but also automates ensure that any trade the copied investor makes. Furthermore users also have the option to connect, comment on or interact with specific individuals, assets or markets, and participate in the most recent discussions and news about their particular area of interest.</p><p>While it will be limited in the beginning to crypto, practically all of these features that exist in the current international markets will also be available throughout the U.S. And alongside its trading platform and its trading platform, the company will launch its own digital multisignature eToro wallet, which allows users to can store, send and receive multiple coins using a variety of cryptocurrencies.</p><p>With them with their eToro account, U.S. users can currently transfer cryptocurrency to and from their trading accounts. They have the ability to easily convert between and also. The wallet is initially able to support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but they plan to launch additional currencies available in the near time.</p><p>EToro users can perform transactions while sharing their trading actions and performance of their portfolios with other EToro users with the ability to discuss strategies that are then executed with real dollars</p><p></p><p>The expansion strategy, however, doesn't come without the risk. EToro will be entering into a competitive market -- alongside popular trading platforms , such as Coinbase and Robinhood -and has announced a solely in the middle of "crypto winter," where the widespread weakness has plagued the sector.</p><p>The reason behind this strategy is partly due to the fact crypto is a lighter lift from a licensing perspective relative the other types of asset within the highly regulated and splintered U.S. regulatory environment. But the company's plan to launch its product is also firmly rooted into the company's belief the vast market opportunity which is created by the cryptocurrency tokenization.</p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><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 the long view with its approach and isn't overthrown with the current crypto weakness. Assia has compared the current market weakness on the other hand to the dot-com bubble where , despite the collapse, the internet remained a part of it and caused disruption to the economy in long-term. Much like the web, Assia and eToro believe there will be enough space for multiple winners within the broader crypto ecosystem.</p><p>It was the first platform to offer support for Ethereum and Ripple and believes that as similar currencies develop and the next generation of investors mature, eToro will be there to support the two currencies in 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>