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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? trading and social investing platform eToro announced it will be launching its service in the U.S. The platformthat already is operational in more than 140 countrieswill become available in 30 states and two territories . It also has plans to expand to other areas of the U.S. after receiving the needed regulatory approvals.<p></p><p>This U.S. platform will only permit trading of crypto assets in the beginning, but eToro plans to add additional asset classes in the coming twelve months. In https://notes.io/U8wN , the 10 million or more users are able to invest in and hold more that 1,500 different asset classes and markets including bonds, stocks, cryptocurrencies, fiat currencies commodities, and more.</p><p>While eToro also supports more sophisticated trading strategies , including short-selling and the use of leverage, the platform's transparency and community engagement features act as great tools that help beginners understand market and how to trade.</p><p></p><p>EToro is a trading platform, social network along with an online educational source. Any user who signs up to eToro has the ability to see, post comments or copy the trading activities of other members of the network, and also their actual profits and losses up to date (though only on a percentage basis in order to protect confidential financial information). While studying the strategies of their peers Users can decide to utilize virtual currency to practise and train effectively before even putting their money on the line.</p><p>If you want to, based on the trading history, customers can decide to copy their portfolio by using eToro's "CopyTrader?" feature, which can not only distribute funds to match the trader's portfolio, it can also complete any trade the copied investor's makes. On top of that users can also choose to share, discuss or interact with specific users, asset types or markets, so that they can participate in the most recent discussions and news concerning their area of interest.</p><p>While it will be limited to crypto at launch, nearly all of the features offered by eToro's other countries will be accessible across the U.S. And alongside its trading platform, the company is launching it's digital multi-signature eToro wallet, where users can store, exchange and receive multiple coins from a variety of crypto currencies.</p><p>Through them with their eToro accounts, U.S. users can now transfer cryptocurrency into and from their trading accounts. They are able to convert them easily and vice versa. The wallet at first will support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but it is planned to add additional currencies available in the near time.</p><p>EToro users can carry out transactions and share trading and performance of their portfolios with the community with the ability to discuss concepts that are implemented using real dollars</p><p></p><p>The expansion plan, however have a low the risk. EToro enters a highly competitive market -- alongside top trading platforms such Coinbase and Robinhood -and has announced a exclusively in the midst of "crypto winter," where widespread weaknesses have plagued the sector.</p><p>Part of the reason for this is in part due to the reality that crypto is an easier lift from a licensing standpoint compared to other asset classes within the highly unstructured and strict U.S. regulatory environment. However, eToro's approach to launch is also firmly rooted on the company's belief of the massive market opportunity due to the cryptocurrency tokenization.</p><p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>"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 stated in a conversation with TechCrunch?.</p><p>EToro has a long-term view with its approach and isn't overthrown by the current weakness in crypto. Assia has compared the current market weakness on the other hand to the dot-com bubble, where , despite the collapse, the internet still permeated and perturbed the economy over the long run. Just like the internet, Assia is also eToro believe that there will be more than enough space for multiple winners in the wider crypto industry.</p><p>The company was the very first market to accept Ethereum and Ripple, and believes that when similar currencies and the next generation of investors mature, eToro will be there to help 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," 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>