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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced it is launching its services in the U.S. The platform, which already operates in more then 140 countriesaround the world, will now be available in 30 states and two states with plans to expand to other areas of the U.S. after receiving the necessary regulatory approvals.<p></p><p>Its U.S. platform will only offer trading on crypto assets at launch, but eToro plans to introduce additional asset classes over the next twelve months. With the existing markets, its 10 million plus customers are able to invest in and hold more that 1500 asset classes in markets such as bonds, stocks crypto currencies, cryptocurrencies, commodities and more.</p><p>While eToro has more advanced trading strategies -- such as short-selling as well as the use of leverage, the system's transparency and community involvement features make it a great tool that help beginners understand capital markets and understand how to trade.</p><p></p><p>EToro is a social network, trading platform and educational resource. https://controlc.com/096f64a1 who joins eToro will be able to read, write about and follow the trading actions from everyone else on the network, in addition to their actual returns and losses up to date (though only in a percentage-based basis to keep confidential financial data safe). While learning from the methods of their peers they can also choose to invest in virtual currencies to be able to train and practice their skills before even putting their money on the line.</p><p>Alternatively, based on a trader's history, other users can choose to mimic their portfolios using eToro's "CopyTrader?" feature, which will not only allocate funds that match the trader's portfolio, but also will automatically make any trade copied investor's make. Additionally members also have the ability to share, discuss their favorite topics, interact with or follow particular users, assets, or markets -- they can also participate in all the latest debates and information in their specific field of interest.</p><p>Even though it's limited in the beginning to crypto, virtually all of the features offered by eToro's other geographic markets will be accessible to users in the U.S. And alongside its trading platform in the coming months, the company will also launch its own digital multisignature eToro wallet. Users have the ability to store, send and receive multiple coins across a multitude of crypto currencies.</p><p>By using one of their eToro accounts U.S. users can now transfer cryptocurrency into and from their trading accounts. And they could easily convert between them as well. The wallet at first will support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company plans to make additional currencies to be available in near future.</p><p>EToro users can use transactions while sharing their trading actions and performance of their portfolios with the community and allow users to share ideas that are executed using real dollars</p><p></p><p>The expansion plan, however, doesn't have a low risk. EToro has entered a highly competitive market, along with other popular trading platforms like Coinbase as well as Robinhood -and has announced a Crypto-only version amid the chaos of "crypto winter," where widespread weaknesses have plagued the sector.</p><p>A portion of the strategy can be due to the fact that crypto is less expensive from a licensing standpoint with other classes of assets within the highly complex and strict U.S. regulatory environment. The launch plan of eToro's is also firmly rooted into the company's belief the immense market opportunity due to the digital tokenization of asset.</p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><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 during a interview with TechCrunch?.</p><p>EToro has long-term perspectives with their strategy and hasn't been impacted by the current crypto weakness. Assia believes that the market's slowdown is comparable to the dot-com bubble, which, despite the market crash, Internet still permeated and destroyed the economy in long run. Just like the web, Assia along with eToro believe there will be enough space for multiple winners within the wider crypto industry.</p><p>The company was the very first market which was able to integrate Ethereum and Ripple, and believes that as similar currencies develop and the future generation of investors mature, eToro will be there to assist the two currencies 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," 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>