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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced it will officially launch its platforms in U.S. The platformthat already operates in more than 140 international countries, would be available in 30 states and two jurisdictions with plans to expand outside of the U.S. after receiving the necessary regulatory approvals.<p></p><p>This U.S. platform will only allow trading of crypto currencies at the time of launch, however eToro plans to expand its asset classes in the next 12 months. With the existing markets, its customers of 10 million can hold and trade more than 1500 asset classes in markets comprising bonds, stocks cryptocurrency, fiat currencies commodities, and more.</p><p>While eToro does support more advanced trading strategies -- such as short-selling as well as the use of leverage -- the system's transparency and community involvement features are great tools for novices to get familiar with the markets and discover how to trade.</p><p></p><p>EToro is a trading platform, social network plus a resource for learning. Anyone who sign-ups for eToro is able to view, comment on and replicate the trading activities for everyone else on the network, and also their real-time returns and losses to date (though only on a per-cent basis to safeguard confidential financial information). While learning from the strategies of their peers and trading partners, members can choose to make investments using virtual currency to get a better understanding and to practice before taking on risk with their own money.</p><p>Alternatively, based on a trader's performance record, other users may decide to imitate their portfolio with eToro's "CopyTrader?" feature, which will not only allocate funds that match the trader's portfolio, but will also perform any trade that the copied investor's. On top of that users can also choose to post comments, share information engaging with, or follow specific users, asset types or markets -- which allows them to be part of the most recent debates and news in their specific field of interest.</p><p>While it will be limited only to crypto for the first time, virtually all of the functions available on the existing locations will be offered on the U.S. And alongside its trading platform the company has announced its own digital multisignature eToro account, where users have the ability to store, send and receive various coins across a variety of crypto currencies.</p><p>With your eToro clients, U.S. users can move cryptocurrencies onto and from their trading account and will be able to convert between them and vice versa. The wallet is initially able to support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company plans to add additional currencies available in the near time.</p><p>EToro users can conduct transactions as well as share their trading activities and performance of their portfolios with other EToro users with the ability to discuss ideas that are executed using real dollars</p><p></p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><p>The expansion plan, howeverdoes have a low risks. EToro has entered a highly competitive market -- with popular trading platforms like Coinbase and Robinhood -and is also launching a exclusive crypto version in the midst of "crypto winter," where widespread weakness has plagued the sector.</p><p>Part of the strategy is due to the fact that crypto is a more relaxed option in terms of licensing compared to other asset classes in the rigid and extremely fragmented U.S. regulatory environment. However, the strategy behind eToro's launch is also firmly rooted by its belief in huge opportunities for market growth associated with the 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 said in a interview with TechCrunch?.</p><p>EToro has an approach that is long-term in its business plan and isn't affected by the current crypto weakness. Assia described the market's weakening on the other hand to the dot-com bubble, where despite the crash, the internet continued to permeate and disrupted the economy in the long term. Just like https://notes.io/U7GD , Assia and eToro believe there will be enough space to make multiple winners in the wider crypto economy.</p><p>The company was the first platform in its markets to accept Ethereum and Ripple and believes in the future that as related currencies and the next generation of investors mature, eToro will be there to support them wherever they are 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," 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>