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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social trading and investing platform eToro announced that it will finally be launching its services in the U.S. http://www.docspal.com/viewer?id=- , that currently is in operation in more than 140 international countries, would be available in 30 states and two states with plans to expand outside of the U.S. after receiving the necessary regulatory approvals.<p></p><p>Its U.S. platform will only provide trading support for crypto assets at launch, but eToro will be adding additional asset classes over the course of the next 12 months. On eToro's current markets, its 10 million plus customers can trade and hold more than 1500 different asset classes as well as markets that include bonds, stocks crypto currencies, cryptocurrencies commodities, and many more.</p><p>Although eToro does support more advanced trading strategies -- such as short-selling and using leverage -- the platforms' transparency and community engagement features make it a great tool for those who are just beginning to understand the trading markets and learn to trade.</p><p></p><p>EToro is a combination of social network, trading platform in addition to an academic resource. Any user who signs up to eToro can view, discuss and replicate the trading activities for everyone else on the network, and also their own realized gains and losses so far (though only by a percentage to safeguard confidential financial information). While learning from the strategies employed by their peers or using the platform, users can put money into virtual currency so that they can practice and effectively train before investing their own money.</p><p>Additionally, based upon a previous track record of a trader, other users are able to duplicate their portfolios using eToro's "CopyTrader?" feature, which is not only able to allocate funds to match the investor's portfolio, but will also make any trade copied investor's makes. Additionally, members are also able to interact, post comments on and engage with specific users, assets or markets, and participate in the most recent debates and news related to their specific area of interest.</p><p>Although the service is limited to cryptocurrency at first, virtually all features available in eToro's existing international markets will also be available across the U.S. And alongside its trading platform the company has announced the multi-signature eToro wallet, where users can manage, store and receive numerous coins across a variety of different cryptocurrencies.</p><p>With their eToro account, U.S. users can now transfer cryptocurrencies from their trading account and are able to convert them easily and also. It will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to offer additional currencies accessible in the near future.</p><p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>EToro users can perform transactions while sharing their trading actions and performance of their portfolios with the community Users can also discuss strategies that are then executed with real dollars</p><p></p><p>The expansion plan, however, does not come without risk. EToro moves into a highly competitive market -- with prominent trading platforms like Coinbase and Robinhood -it is also launching its digital currency-only platform in the middle of "crypto winter," where widespread instability has plagued the sector.</p><p>The strategy's success is attributable to the fact that crypto is lighter from a licensing point of view compared against other assets within the highly restrictive and fragmented U.S. regulatory environment. But eToro's launch strategy is also firmly grounded within the company's conviction in an enormous market opportunity that is available through the crypto 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 told a interview with TechCrunch?.</p><p>EToro is taking the long-term view in its business plan and isn't affected by the current crypto weakness. Assia has compared the current market weakness with the bubble of dotcom which, despite the market crash, the internet remained pervasive and disrupted the economy in the long run. As with web-based technology Assia together with eToro believe that there is more than enough space for multiple winners within the wider crypto ecosystem.</p><p>The company was the very first platform in its markets to be able to support Ethereum and Ripple and is confident that as similar currencies develop and the future generation of investors mature, eToro will be there to help these currencies wherever and in any way that 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>