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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced that it is launching it's platform across the U.S. The platformwhich has operations in more that 140 locations, will eventually be available in 30 states and two countries with plans to expand throughout the U.S. after receiving the necessary regulatory approvals.<p></p><p>Its U.S. platform will only allow trading of crypto assets at launch, but eToro plans to offer additional asset classes over the course of the next twelve months. In the current market, the company's 10 million+ users can trade and manage more than 1,500 different asset classes and markets which include bonds, stocks along with cryptocurrencies, fiat currencies, commodities and more.</p><p>Even though eToro even supports more advanced trading strategies -- like short-selling and the use of leverage -- the system's transparency and community involvement functions are great resources for beginners to learn the market and how to trade.</p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><p></p><p>EToro is a trading platform, social network in addition to an academic resource. Anyone who joins eToro can see, comment and copy the activity as well as the other members on the network, as well as their real-time returns and losses to date (though only on a per-cent basis to safeguard sensitive financial data). While learning from other traders' strategies and trading partners, members can choose to trade with virtual currency to make practice and improve their skills prior to actually risking their own money.</p><p>If you want to, based on the traders track record, users can also choose to replicate their portfolios using eToro's "CopyTrader?" feature, which does not just distribute funds to fit the trader's portfolio but also can automatically create any trade the copied investor's make. Furthermore users also have the option to share, comment on the posts of particular users, assets, or markets -- permitting them to join in discussions and latest news in their area of interest.</p><p>While the platform is restricted to crypto when it first launched, nearly all of the features offered by eToro's other geographical markets will be available on the U.S. And alongside its trading platform and services, the company has launched their digital multi-signature eToro wallet. This wallet will let users can send, store and receive multiple coins from a variety of crypto currencies.</p><p>Using these eToro accounts U.S. users can transfer cryptocurrency to and from their trading accounts. And https://sudanglue7.tumblr.com/post/675925536778911744/how-to-buy-bitcoin are able to convert them easily and also. The wallet will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company plans to make additional currencies available in the near future.</p><p>EToro users can make transactions and share trading and performance of their portfolios with other EToro users which allows users to exchange ideas that are executed using real dollars</p><p></p><p>The expansion plan, however, doesn't have a low risks. EToro is entering a competitive market -- alongside highly-rated trading platforms like Coinbase and Robinhood -in addition to launching its only in crypto during the midst of "crypto winter," where wide-spread weakness has plagued sector.</p><p>A portion of the strategy can be in part due to the reality that crypto is lighter from a licensing point of view compared in comparison to the rest of the asset class within the highly restrictive and fragmented U.S. regulatory environment. However, the strategy behind eToro's launch is also solidly rooted into the company's belief huge opportunities for market growth for 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 conversation with TechCrunch?.</p><p>EToro has long-term perspectives with its strategy and isn't thrown with the current crypto weakness. Assia has compared the current market weakness to that of the dot com bubble, where despite the crash, Internet still permeated and affected the economy in the long run. Much like Internet, Assia is also eToro believe there will be more than enough space to make multiple winners in the larger crypto-related ecosystem.</p><p>The company was the very first platform in its market to be able to support Ethereum and Ripple and believes that , as these currencies and the future generation of investors mature, eToro will be there to help these currencies wherever and in any way they require.</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," Assia 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>