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Robinhood Reports Fourth Quarter and Full Year 2021 Results

Robinhood Reports Fourth Quarter and Full Year 2021 Results

The social trading and investing platform eToro announced that it is finally launching its website in U.S. The platform, that currently is operational in more than 140 nations, is now available in 30 states and 2 territories, with plans to expand beyond the U.S. after receiving the necessary regulatory sign-offs.



The U.S. platform will only offer trading on crypto assets initially, however eToro is planning to launch additional asset classes in the coming twelve months. In eToro's existing markets, the 10 million or more users can exchange and keep more than 1500 asset classes and markets which include bonds, stocks, cryptocurrencies, fiat currencies, commodities and more.



Although eToro can also support more advanced trading strategies -- including short-selling as well as the use of leverage -- the platform's transparency and engagement functions are great resources for people who are new to the trading markets and learn to trade.









EToro is a social network, trading platform also an education resource. Anyone who joins eToro can see, comment and copy the trading activity of everyone else on the network, and also their actual profits and losses up to date (though only according to a percentage, in order to safeguard sensitive financial data). While learning from what is bitcoin x used by their peers customers can also trade with virtual currency to practice and effectively train before taking on risk with their own money.



Additionally, based upon a previous track record of a trader, other customers can decide to copy their portfolios using eToro's "CopyTrader" feature, which allows for a proportional allocation of funds to match the investor's portfolio but also can automatically make any trade the copy investor does. In addition members also have the ability to share, discuss and engage with certain people, assets, or markets -- which allows them to be part of the most current debates and news related to their specific area of interest.



While it will be limited to crypto initially, nearly all of the features available on eToro's previous market will be available for users within the U.S. And alongside how to buy bitcoin usa trading platform the company is launching their digital multi-signature eToro wallet, which allows users to are able to store, send, and receive multiple coins from a variety of crypto currencies.



By using their eToro customers' accounts U.S. users can transfer cryptocurrencies into and from their trading account and can easily convert between the two, as well. The wallet initially supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to offer additional currencies possible in the near term.



EToro users can carry out transactions as well as share their trading activities and performance of their portfolios with other EToro users, allowing users to discuss options that are executed using real dollars








The expansion strategy, however, doesn't have a low risks. EToro plans to enter a competitive market -- alongside well-known trading platforms such as Coinbase and Robinhood -and is also launching a solely in the middle of "crypto winter," where the widespread weakness has plagued the sector.



The strategy's success is attributable to the fact that cryptocurrency is considered to be a less costly asset from a licensing point of view compared and other investment classes in the strict and highly fragmented U.S. regulatory environment. However, eToro's approach to launch is also strongly rooted to the firm's belief that the vast market opportunity in the digital tokenization of asset.



"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 interview with TechCrunch.



EToro has an opportunistic approach to their strategy and hasn't been impacted by the current weakness in crypto. Assia equated the market softness to the dot-com bubble, in which, despite the downturn, the internet was still a major factor and altered the economic landscape in the long-term. Just like an internet connection, Assia is also eToro believe that there will be more than enough space for multiple winners in the larger crypto ecosystem.



The company was the first market platform to support Ethereum and Ripple, and believes that as similar currencies develop and the next generation of investors mature, eToro will be there to help the two currencies in whatever way they need.



"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."



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