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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investing and trading platform eToro announced that it will launch its service in the U.S. https://causeswamp7.tumblr.com/post/675906679417815040/how-to-buy-bitcoin , which is operational in more than 140 international countries, would be accessible in 30 states and two territories . It also has plans to expand throughout the U.S. after receiving the necessary regulatory approvals.The U.S. platform will only accept trading in crypto assets at launch, but eToro plans to add additional asset classes within the next 12 months. In eToro's existing markets, its 10 million plus customers can deal and hold more than 1,500 different asset classes and markets which include bonds, stocks crypto currencies, cryptocurrencies commodities, and more.Although eToro also supports more sophisticated trading strategies , including short-selling and leverage -- the platforms' transparency and community engagement features can be great tools in helping beginners learn about market and how to trade.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>EToro is equal parts social network, trading platform as well as an educational tool. Anyone who registers on eToro can see, comment or copy the trading activities of other members of the network, in addition to their realized profits and losses so far (though only on a per-cent basis to protect sensitive financial information). While studying other traders' strategies and trading partners, members can choose to utilize virtual currency to learn and practice before investing their own money.Or, depending on a trader's past performance, other users can select to mirror the portfolio of their eToro member using its "CopyTrader?" feature, which is not only able to allocate funds in accordance with the trader's portfolio, but also will automatically make any trade copied investor's makes. In addition it allows members to post comments, share information or interact with certain users, assets or markets, permitting them to join in discussions and latest news in their area of interest.Although it is limited by crypto at launch virtually all of the features offered by eToro's other global markets will be available at a lower cost in the U.S. And alongside its trading platform, the company is launching it's digital multi-signature eToro wallet. This wallet will let users can store, send and receive various coins across a variety of cryptocurrency.Through one of their eToro customers' accounts U.S. users can transfer cryptocurrency to and from their trading accounts and can easily convert between them and also. The wallet initially supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to make additional currencies available in the near future.EToro users can make transactions or share trading data and performance of their portfolios with the community with the ability to discuss ideas that are executed using real dollarsThe expansion plan, however, does not have a low the risk. EToro has entered a highly competitive marketplace -- alongside other popular trading platforms like Coinbase as well as Robinhood -- and is launching its exclusively in the midst of "crypto winter," where widespread weakness has plagued the sector.The strategy's success is partly due to the fact crypto is less expensive in terms of licensing similar asset classes within the strict and highly fragmented U.S. regulatory environment. But eToro's launch strategy is also heavily rooted within the company's conviction in huge opportunities for market growth due to the digital tokenization of asset."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?.EToro is taking an approach that is long-term in the company's strategy and isn't deterred off by the current weakening of crypto. Assia related the market's decline to that of the dot com bubble which, despite the market crash, the internet still permeated and interrupted the economy in long term. As with the web, Assia together with eToro believe there will be enough space for multiple winners in the wider crypto industry.The company was the first platform in its markets to accept Ethereum and Ripple, and believes that , as these currencies and the next generation of investors mature, eToro will be there to support them in whatever way they need."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."

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