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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced they will soon launch their platform within the U.S. The platform, which currently operates in more then 140 international countries, would be accessible in 30 states and two territories . It also has plans to expand outside of the U.S. after receiving the required regulatory approvals.<p></p><p>This U.S. platform will only allow trading of crypto currencies at the time of launch, however eToro plans to add additional asset classes in the coming twelve months. Within the existing markets of eToro, the company's more than 10 million users can trade and store more than 1,500 different asset classes and markets comprising bonds, stocks and cryptocurrencies, as well as fiat currencies commodities and more.</p><p>Even though eToro has more advanced trade strategies -- which include short-selling as well as the use of leverage -- the platform's transparency and community engagement features act as great tools used by beginners to master the financial markets and to learn to trade.</p><p></p><p>EToro is a trading platform, social network or educational platform. Users who sign up to eToro can access, read, and comment on and follow the trading actions for everyone else on the network, as well as their real-time returns and losses up to date (though only on a percentage basis in order to protect financial information that is sensitive). While studying the strategies used by their peers the users are able to play with virtual currency and be able to train and practice their skills before placing their money at risk.</p><p>Additionally, based upon a traders track record, members can copy their portfolio through eToro's "CopyTrader?" feature, which is not only able to allocate funds that match the trader's portfolio, but can also complete any trade the copy investor does. Furthermore https://notes.io/U72Y have the ability to comment, share or engage with particular users, assets, or markets, which allows them to be part of the latest discussion and updates on their particular field of interest.</p><p>However, despite being restricted by crypto at launch most of the features offered by eToro's other regions will be made available to users in the U.S. And alongside its trading platform the company is launching an online multi-signature eToro wallet, which allows users to can manage, store and receive multiple coins from a variety of cryptocurrencies.</p><p>Through their eToro customers' accounts U.S. users can move cryptocurrencies onto and from their trading account . Additionally, they are able to convert them easily, as well. The wallet will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company will make additional currencies available in the near future.</p><p>EToro users can execute transactions and share trading activities and performance of their portfolios with other EToro users Users can also discuss options that are executed using real dollars</p><p></p><p>The expansion plan, howeverdoes have a low the risk. EToro enters a competitive marketplace , along with popular trading platforms like Coinbase and Robinhood -and is planning to launch a only in crypto during the midst of "crypto winter," where general weakness has plagued this sector.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></p><p>Part of the reason for this is due to the fact that crypto is lighter from a licensing standpoint the other types of asset within the highly complex and strict U.S. regulatory environment. The launch plan of eToro's is also firmly rooted within the company's conviction in the huge market potential due to 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 a long-term view with its business plan and isn't affected by the current weakness in crypto. Assia was comparing the market's softness by comparing it to the dotcom bubble where , despite the collapse, Internet still permeated and affected the economy in the long term. Much like an internet connection, Assia is also eToro believe there will be enough space for multiple winners within the wider crypto ecosystem.</p><p>The company was the first platform in its markets to accept Ethereum and Ripple and believes that as similar currencies mature and the future generation of investors mature, eToro will be there to support any time and 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>