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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 it is finally launching its services in the U.S. The platform, which currently operates in over 140 countrieswill become accessible in 30 states and two regions with plans to expand across the U.S. after receiving the necessary regulatory approvals.



Its U.S. platform will only permit trading of crypto assets at the time of launch, however eToro plans to introduce additional asset classes over the course of the next 12 months. Within the existing markets of eToro, its customers of 10 million are able to exchange and keep more than 1,500 different asset classes and markets including bonds, stocks cryptocurrency, fiat currencies commodities, and many more.



Though eToro also supports more sophisticated trading strategies -- like selling short and the use of leverage, the platform's transparency and community engagement features serve as excellent tools for beginners to learn the capital markets and learn how to trade.








EToro is equal parts trading platform, social network and educational resource. Anyone who sign-ups for eToro can access, read, and comment on and copy the activity that other users of the network, as well as their realized losses and gains so far (though only according to a percentage, in order to protect confidential financial information). While studying the strategies used by their peers Users can decide to play with virtual currency and test their skills and gain experience before even putting their money on the line.



Based on a trader's past performance, other users can select to mirror their portfolios using eToro's "CopyTrader" feature, which is not only able to allocate funds to fit the trader's portfolio, but also automates perform any trade that the copied investor's makes. In how to buy bitcoin at atm machine are also able to post comments, share information the posts of specific users, assets or markets -- making it possible for them to take part in the most current debates and news regarding their particular area of interest.



While it will be limited to crypto at launch, practically all of these features offered by eToro's other market will be available in the U.S. And alongside how to buy 0.01 bitcoin trading platform the company is launching the multi-signature eToro wallet. It will allow users can store, send and receive various coins across a variety of cryptocurrencies.



Utilizing them with their eToro account, U.S. users can transfer cryptocurrency to and out of their trading accounts. how to buy bitcoin 2012 can easily convert between the two as well. It will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company intends to make additional currencies available in the near future.



EToro users can carry out transactions and share trading and performance of their portfolios with other EToro users and allow users to share concepts that are implemented using real dollars








The expansion program, however have a low risk. EToro is entering a highly competitive market, along with other major trading platforms like Coinbase as well as Robinhood -and is now launching a exclusive crypto version in the midst of "crypto winter," where general weakness has plagued this sector.



A significant part of the plan is related to the fact that crypto is a lighter lift in terms of licensing compared similar asset classes in the extremely regulated and fragmented U.S. regulatory environment. However, eToro's strategy for launching has its roots within the company's conviction in the massive market opportunity that comes with currency tokenization.



"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.



EToro is taking long-term perspective with the company's strategy and isn't deterred into the current crypto slump. Assia identified the weakness in the market in the wake of the dot-com crash which, despite the market crash, the internet still permeated and altered the economic landscape in the long-term. As with the web, Assia and eToro believe there will be enough space for multiple winners within cryptocurrency's larger ecosystem.



The company was the very first platform in its markets to allow Ethereum and Ripple and is confident that as similar currencies develop and the next generation of investors mature, eToro will be there to assist their users in any way they require.



"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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