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Robinhood Reports Fourth Quarter and Full Year 2021 Results

Robinhood Reports Fourth Quarter and Full Year 2021 Results

The trading and social investing platform eToro announced that they will soon launch it's platform across the U.S. Its platform, which operates in more then 140 different countries, will soon be accessible in 30 states and two territories . It also has plans to expand to other areas of the U.S. after receiving the required regulatory approvals.



The U.S. platform will only allow trading of crypto currencies at launch, but eToro will be adding additional categories of assets within the next twelve months. In the current market, the company's more than 10 million users are able to exchange and keep more than 1500 asset classes in markets comprising bonds, stocks and cryptocurrencies, as well as fiat currencies, commodities and more.



While eToro even supports more advanced trading strategies -- including short-selling , as well as the use leverage, the platform's transparency and community engagement features serve as excellent tools for newcomers to explore the capital markets as well as how to trade.








EToro is a combination of social network, trading platform or educational platform. Everyone who joins eToro will be able to read, write about or copy the trading activities of everyone else on the network, as well as their actual profits and losses up to date (though only as a percentage basis, to protect confidential financial information). While learning from the strategies used by their peers Users can decide to make investments using virtual currency to learn and practice before making a decision to invest their own money.




Alternatively, based on a trader's performance record, other members can copy their portfolio with eToro's "CopyTrader" feature, which does not just distribute funds to fit the trader's portfolio, but also will automatically ensure that any trade the copied investor's makes. Furthermore they are also able communicate, leave comments on or interact with specific users, assets or markets -- allowing them to participate in the latest discussions and news on their particular field of interest.



However, despite being restricted to crypto at launch, practically all of these functions available on the existing geographical markets will be available within the U.S. And alongside how to buy bitcoin paypal trading platform it's also launching it's digital multi-signature eToro wallet. With it, users can manage, store and receive numerous coins across a variety of crypto currencies.



Utilizing their eToro accounts, U.S. users can transfer cryptocurrencies into and from their trading account . Additionally, they can easily convert between the two in addition. The wallet initially supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to make additional currencies to be available in near future.



EToro users can make transactions and share trading activities and performance of their portfolios with other EToro users by allowing users to debate ideas , and then execute the transactions using real dollars








The expansion strategy, however, doesn't have a low risks. EToro is entering a competitive market, along with other highly-rated trading platforms like Coinbase as well as Robinhood -and is planning to launch a Crypto-only version amid the chaos of "crypto winter," where widespread weakness has plagued the sector.



The reason behind this strategy is caused by the fact that cryptocurrency is more lenient from a licensing perspective relative and other investment classes within the rigid and extremely fragmented U.S. regulatory environment. But how to buy bitcoin cash app to launch its product is also firmly grounded in its belief in the enormous market potential which is created by the crypto 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 in an conversation with TechCrunch.



EToro has the long-term view in its strategy and isn't thrown by the current cryptocurrency weakness. Assia equated the market softness by comparing it to the dotcom bubble which, despite the market crash, the internet remained pervasive and disrupted the economy in the long term. Like Internet, Assia along with eToro believe there will be more than enough room for multiple winners within the wider crypto ecosystem.



It was the first platform in its markets to support Ethereum and Ripple, and believes that as similar currencies and the new generation of investors get older, eToro will be there to support them 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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