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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? trading and social investing platform eToro announced they will soon launch its platforms in U.S. The platformwhich is operational in more than 140 countries, will be available in 30 states and two territories . It also has plans to expand further in the U.S. after receiving the needed regulatory approvals.<p></p><p>The U.S. platform will only be able to support trading for crypto assets at launch, but eToro plans to add additional asset classes within the next 12 months. On eToro's current markets, the 10 million or more users are able to deal and hold more than 1,500 different asset classes and markets, including stocks, bonds along with cryptocurrencies, fiat currencies commodities and more.</p><p>Though eToro can also support more advanced trading strategies , including short-selling , as well as the use leverage -- the service's transparency features and community engagement capabilities are excellent tools for people who are new to the financial markets and to learn to trade.</p><p></p><p>EToro is equal parts trading platform, social network and educational resource. Any user who signs up to eToro can observe, share and copy the activity of all other users on the network, in addition to their actual returns and losses to date (though only on a percentage basis in order to ensure the security of sensitive financial information). While studying the strategies employed by their peers, users can opt to invest with virtual currency to get a better understanding and to practice before investing their own money.</p><p>If you want to, based on the traders track record, users may decide to imitate their portfolio by using eToro's "CopyTrader?" feature, which doesn't just proportionally allocate funds to the trader's portfolio, but also will automatically perform any trade that the copied investor makes. In addition they are also able to post comments, share information, engage with or follow specific individuals, assets or markets, giving them the opportunity to engage in the latest discussions and news about their specific area of interest.</p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><p>While it will be limited to crypto when it first launched, practically all of these features that exist in the current locations will be offered throughout the U.S. And alongside its trading platform in the coming months, the company will also launch its multi-signature digital eToro wallet, which users can keep, send and receive numerous coins across a variety of cryptocurrencies.</p><p>Utilizing them with their eToro Accounts, U.S. users can now transfer cryptocurrencies from their trading accounts. And they have the ability to easily convert between and also. The wallet's initial support will include 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 transact and share their trading activity and portfolio performance with the community that allows users to talk about concepts that are implemented using real dollars</p><p></p><p>The expansion strategy, however, doesn't come without the risk. EToro enters a highly competitive market -- in conjunction with top trading platforms such Coinbase as well as Robinhood -and has announced a only in crypto during 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 an easier lift from a licensing standpoint similar asset classes within the rigid and extremely fragmented U.S. regulatory environment. But eToro' https://www.click4r.com/posts/g/3661231/how-to-buy-bitcoin is also deeply rooted in its belief in huge opportunities for market growth associated with the digital tokenization of asset.</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 stated in a conversation with TechCrunch?.</p><p>EToro is taking long-term perspective with its plan of action and isn't being frightened into the current crypto slump. Assia said that the market's weakness is similar in the wake of the dot-com crash, in which, despite the downturn, the internet remained pervasive and interrupted the economy in long term. Similar to an internet connection, Assia as well as eToro believe that there is more than enough space to make multiple winners in the broader crypto ecosystem.</p><p>The company was the very first market to offer support for Ethereum and Ripple, and believes that , as similar currencies and the new generation of investors get older, eToro will be there to assist their users in whatever way they need.</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>