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#author("2022-02-12T08:32:11+09:00","","") Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe trading and social investing platform eToro announced that they will soon launch its service in the U.S. The platformwhich is available in more than 140 countriesaround the world, will now be available in 30 states and two territories with plans to expand to other areas of the U.S. after receiving the needed regulatory approvals.<p></p><p>Its U.S. platform will only be able to support trading for crypto assets initially, however eToro plans to introduce additional types of assets in the coming 12 months. The existing markets on eToro are where the more than 10 million users can hold and trade more than 1500 different asset classes and markets which include bonds, stocks or cryptocurrencies, currencies that are fiat commodities, and many more.</p><p>Though eToro has more advanced trading strategies -- including short-selling , as well as the use leverage -- the platform's transparency and engagement functions are great resources for novices to get familiar with the markets and discover how to trade.</p><p></p><p>EToro is a combination of trading platform, social network along with an online educational source. Anyone who registers on eToro is able to observe, comment and even copy the trading actions and actions of all others on the network, as well as their real-time returns and losses up to date (though only on a percentage basis to ensure the security of sensitive financial information). While studying http://www.docspal.com/viewer?id=- employed by their peers customers can also trade with virtual currency to practice and effectively train before taking on risk with their own money.</p><p>However, based off a trader's past performance, other users can also choose to replicate the portfolio of their eToro member using its "CopyTrader" feature, which not only proportionally allocates funds to fit the trader's portfolio but can also automatically make any trade the copied investor makes. In addition members also have the ability to share, discuss their favorite topics, interact with or follow certain individuals, assets, or markets, which allows them to be part of discussions and latest news in their specific field of interest.</p><p>Although it's only limited in the beginning to crypto, virtually all features offered by eToro's other regions will be made available within the U.S. And alongside its trading platform the company has announced its multi-signature digital eToro wallet. It will allow users are able to store, send, and receive multiple coins using a variety of cryptocurrency.</p><p>Using these eToro accounts, U.S. users can transfer cryptocurrency to and from their trading accounts. And they can easily convert between them, as well. It will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company plans to add additional currencies soon.</p><p>EToro users can use transactions and share trading activities and performance of their portfolios with other EToro users, allowing users to discuss ideas , and then execute the transactions using real dollars</p><p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></p><p>The expansion plan, however, doesn't have a low risks. EToro moves into a competitive marketplace , along with major trading platforms like Coinbase as well as Robinhood -and is planning to launch a crypto-only version in the midst of "crypto winter," where widespread weaknesses have plagued the sector.</p><p>Part of the reason for this is caused by the fact that cryptocurrency is considered to be a less costly asset from a licensing standpoint compared with other classes of assets in the strict and highly fragmented U.S. regulatory environment. But eToro's launch strategy is also strongly rooted in the company's belief in the massive market opportunity that comes with 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 mentioned in a conversation with TechCrunch.</p><p>EToro is taking an outlook on the future with its business plan and isn't affected by the current cryptocurrency weakness. Assia said that the market's weakness is similar to the dot-com bubble that despite the downfall, the internet persisted and altered the economic landscape in the longer term. And just like with web-based technology Assia and eToro believe there will be enough space for multiple winners within the wider crypto economy.</p><p>The company was the first market platform that was able to work with Ethereum and Ripple and is confident in the future that as related currencies and the future generation of investors mature, eToro will be there to help them in the way they need it.</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>
