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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social trading and investing platform eToro announced they will soon launch their platform within the U.S. The platformthat already is in operation in more than 140 locations, will eventually be available in 30 states and two territories with plans to expand throughout the U.S. after receiving the required regulatory approvals.<p></p><p>Its U.S. platform will only offer trading on crypto assets in the beginning, but eToro plans to add more categories of assets within the next 12 months. Within the existing markets of eToro, the 10 million or more users can buy and sell more than 1500 different asset classes and markets that include bonds, stocks, cryptocurrencies, fiat currencies commodities and more.</p><p>Though eToro even supports more advanced trading strategies , such as short-selling as well as the use of leverage -- the features of the platform's transparency and social engagement features are great tools used by beginners to master the financial markets and to learn to trade.</p><p></p><p>EToro is a social network, trading platform also an education resource. Anyone who is a member of eToro can observe, share and record the trading activity as well as the other members on the network, in addition to their actual returns and losses to date (though only according to a percentage, in order to keep confidential financial data safe). While studying the strategies used by their peers, users can opt to trade with virtual currency to make practice and improve their skills prior to actual risking their money.</p><p>Additionally, based upon a trader's history, other users can select to mirror the portfolio using eToro's "CopyTrader?" feature, which can not only distribute funds to match the investor's portfolio, but can also perform any trade that the copied investor's make. In addition, members are also able be able to share, make comments on engaging with, or follow specific individuals, assets or markets -- so that they can participate in the latest discussions and news on their particular field of interest.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></p><p>Although the service is limited only to crypto for the first time, most of the functions available on the existing market will be available for users within the U.S. And alongside its trading platform and services, the company has launched the multi-signature eToro wallet. https://reda.sa/members/desertelbow2/activity/939726/ will allow users can store, exchange and receive various coins across a variety of different cryptocurrencies.</p><p>Through these eToro account, U.S. users can currently transfer cryptocurrency to and from their trading accounts. They can easily convert between them and also. The wallet will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but they plan to launch additional currencies available in the near future.</p><p>EToro users are able to make transactions or share trading data and performance of their portfolios with the community which allows users to exchange ideas , and then execute the transactions using real dollars</p><p></p><p>The expansion plan, however, does not come without risks. EToro enters a highly competitive market -- in conjunction with major trading platforms like Coinbase and Robinhood -and is now launching a Crypto-only version amid the chaos of "crypto winter," where massive weakness has plagued the sector.</p><p>A portion of the strategy can be because crypto is less expensive from a licensing standpoint compared against other assets in the highly restrictive and fragmented U.S. regulatory environment. However, the eToro launch strategy has its roots in its belief in the massive market opportunity which is created by the asset 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 remarked in a interview with TechCrunch?.</p><p>EToro is taking the long view with its strategy and isn't getting sucked with the current crypto weakness. Assia said that the market's weakness is similar with the bubble of dotcom with the result that, despite the crash the internet persisted and altered the economic landscape in the long term. As with it, Assia as well as eToro believe there will be enough space for multiple winners within the larger crypto market.</p><p>It was the first market that supported 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," 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>