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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? trading and social investing platform eToro announced it will be launching it's platform across the U.S. The platform, which already operates in more 140 countries available in 30 states and two territories with plans to expand beyond the U.S. after receiving the required regulatory approvals.<p></p><p>This U.S. platform will only permit trading of crypto assets in the beginning, but eToro plans to offer additional asset classes in the coming twelve months. The existing markets on eToro are where its 10 million plus customers can invest in and hold more that 1500 different asset classes as well as markets which include bonds, stocks, cryptocurrencies, fiat currencies, commodities and more.</p><p>Though eToro does support more advanced trade strategies -- which include selling short 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><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></p><p>EToro is a social network, trading platform also an education resource. Anyone who registers on eToro can access, read, and comment on and copy the trading activity of everyone else on the network, and also their realized returns and losses to date (though only on a percentage basis to safeguard sensitive financial data). While learning from the methods of their peers Users can decide to invest with virtual currency to practise and train effectively before taking on risk with their own money.</p><p>Additionally, based upon a trader's record, other users may choose to copy the portfolio of their eToro member using its "CopyTrader?" feature, which does not just allocate funds that match the trader's portfolio, but it also allows the copied investor to automatically take any trade the copied investor's makes. In addition, members are also able to comment, share the posts of certain people, assets, or markets -- giving them the opportunity to engage in the latest discussion and updates about their specific area of interest.</p><p>Even though it's limited to crypto at the time of launch, virtually all of the features offered by eToro's other market will be available throughout the U.S. And alongside its trading platform the company has announced its own digital multisignature eToro wallet, which users can manage, store and receive multiple coins from a variety of cryptocurrency.</p><p>With them with their eToro account, U.S. users can transfer cryptocurrency to and from their trading accounts. And they can convert them between as well. The wallet is initially able to 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 conduct transactions and share trading activities and performance of their portfolios with other EToro users with the ability to discuss ideas and execute them using real dollars</p><p></p><p>The expansion plan, however, does not have a low risks. EToro plans to enter a competitive marketplace -- alongside other well-known trading platforms such as Coinbase and Robinhood -- and is launching its cryptocurrency-only version during the midst of "crypto winter," where widespread weaknesses have plagued the sector.</p><p>The strategy's success is attributable to the fact that crypto is less expensive from a licensing perspective relative similar asset classes in the highly complex and strict U.S. regulatory environment. However, eToro's strategy for launching is also solidly rooted into the company's belief the vast market opportunities that comes with tokenization of 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 told a interview with TechCrunch?.</p><p>EToro is taking the long view with its plan of action and isn't being frightened off by the current weakening of crypto. Assia described the market's weakening and the dot.com bubble, where , despite the collapse, the internet still permeated and interrupted the economy in long-term. As with technology, Assia along with eToro believe there will be enough space to make multiple winners in the broader crypto ecosystem.</p><p>The company was the first platform in its markets to offer support for Ethereum and Ripple and is confident that as the two currencies are similar and the next generation of investors mature, eToro will be there to assist the two currencies in the way they need it.</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. " https://susansister1.bravejournal.net/post/2022/02/12/How-to-Buy-Bitcoin 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>