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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investing and trading platform eToro announced it will officially launch its service in the U.S. The platform, which already is available in more than 140 different countries, will soon be available in 30 states and two territories with plans to expand across the U.S. after receiving the needed regulatory approvals.<p></p><p>Its U.S. platform will only be able to support trading for crypto assets at the time of launch, however eToro plans to add additional assets classes within the next twelve months. In eToro's existing markets, the 10 million or more users are able to invest in and hold more that 1500 different asset classes as well as markets such as bonds, stocks cryptocurrency, fiat currencies, commodities and more.</p><p>Although eToro can also support more advanced trading strategies , including short-selling and using leverage, the platform's transparency as well as community engagement functions are great resources for novices to get familiar with the markets and discover how to trade.</p><p></p><p>EToro is a combination of social network, trading platform or educational platform. Users who sign up to eToro can see, comment and even copy the trading actions as well as the other members on the network, and also their realized returns and losses to date (though only by a percentage to ensure the security of sensitive financial information). While studying the techniques of their counterparts they can also choose to put money into virtual currency so that they can get a better understanding and to practice before actual risking their money.</p><p>Additionally, based upon a trader's history, other users are able to duplicate the portfolio using eToro's "CopyTrader?" feature, which will not only allocate funds to the trader's portfolio but can also automatically perform any trade that the copied investor's. Furthermore they are also able communicate, leave comments on their favorite topics, interact with or follow specific users, asset types or markets, they can also participate in the latest discussions and news on their particular field of interest.</p><p>However, despite being restricted to crypto at launch, basically all of the features that exist in the current international markets will also be available for users within the U.S. And alongside its trading platform and services, the company has launched its multi-signature digital eToro wallet, which users have the ability to store, send and receive multiple coins using a variety of different cryptocurrencies.</p><p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>Using your eToro accounts U.S. users can transfer cryptocurrency to and through their trading account. In addition, they is able to easily convert between them and vice versa. It will initially support 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.</p><p>EToro users can make transactions that allow them to share trading information and portfolio performance with the community with the ability to discuss ideas , and then execute the transactions using real dollars</p><p></p><p>The expansion strategy, however, doesn't come without risks. EToro wants to join a highly competitive market -- alongside popular trading platforms , such as Coinbase and Robinhood -it is also launching its solely in the middle of "crypto winter," where widespread instability has plagued the sector.</p><p>Part of the strategy is caused by the fact that cryptocurrency is considered to be a less costly asset from a licensing standpoint against other assets within the rigid and extremely fragmented U.S. regulatory environment. But the company's plan to launch its product is also firmly grounded into the company's belief the vast market opportunity due to the cryptocurrency tokenization.</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 an conversation with TechCrunch?.</p><p>EToro has an opportunistic approach to its strategy and isn't getting sucked into the current crypto slump. http://bvkrongbong.com/Default.aspx?tabid=120&ch=411877 related the market's decline on the other hand to the dot-com bubble where despite the crash, the internet was still a major factor and altered the economic landscape in the long run. Similar to an internet connection, Assia and eToro believe there will be enough room for multiple winners within the broader crypto ecosystem.</p><p>It was the first market platform to offer support for Ethereum and Ripple and is confident that , as similar currencies and the new generation of investors get older, eToro will be there to support them 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://eggfridge8.bravejournal.net/post/2022/02/11/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>