Notes

Robinhood Reports Fourth Quarter and Full Year 2021 Results

Robinhood Reports Fourth Quarter and Full Year 2021 Results

The social investing and trading platform eToro announced that it is finally launching its service in the U.S. Its platform, currently is operational in more than 140 countrieswill become available in 30 states as well as two territories. There are plans to expand elsewhere in the U.S. after receiving the needed regulatory approvals.



This U.S. platform will only offer trading on crypto assets when it launches, but eToro is planning to launch additional types of assets in the coming twelve months. In the current market, the company's more than 10 million users can trade and manage more than 1500 asset classes in markets including bonds, stocks crypto currencies, cryptocurrencies commodities, and many more.



Although eToro is able to support more advanced trading strategies , including trading with short-terms and leverage, the platform's transparency as well as community engagement features are great tools for newcomers to explore the trading markets and learn to trade.








EToro is a combination of trading platform, social network in addition to an academic resource. Any user who signs up to eToro can see, comment as well as copy the trades for everyone else on the network, as well as their own realized gains and losses so far (though only on a percentage basis to ensure the security of sensitive financial information). While learning from the strategies of their fellow traders they can also choose to put money into virtual currency so that they can practice and effectively train before even putting their money on the line.




However, based off a traders track record, users can select to mirror their portfolio through eToro's "CopyTrader" feature, which is not only able to allocate funds that match the trader's portfolio but also can automatically take any trade the copied investor makes. On how to buy bitcoin in 2011 of that, members are also able to share, discuss their favorite topics, interact with or follow particular individuals, assets or markets, giving them the opportunity to engage in the most recent discussions and news in their area of interest.



Although it is limited to crypto at launch, practically all of these features that exist in the current geographical markets will be available on the U.S. And alongside its trading platform it is also launching the multi-signature eToro wallet. It will allow users can store, send and receive multiple coins across a multitude of different cryptocurrencies.



Utilizing Their eToro Accounts, U.S. users can currently transfer cryptocurrency to and from their trading account . Additionally, can i buy bitcoin in etrade will be able to convert between them and vice versa. The wallet initially supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company intends to make additional currencies readily available in the coming months.



EToro users can conduct transactions that allow them to share trading information and performance of their portfolios with the community by allowing users to debate strategies that are then executed with real dollars








The expansion strategy, however, doesn't have a low risks. EToro has entered a competitive market -- along with other prominent trading platforms like Coinbase as well as Robinhood -- and is launching its only in crypto during the midst of "crypto winter," where wide-spread weakness has plagued sector.



The strategy's success is caused by the fact that crypto is lighter from a licensing point of view compared to other asset classes within the highly complex and strict U.S. regulatory environment. However, the eToro launch strategy is also firmly rooted on the company's belief of the huge market potential in the 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 mentioned in a interview with TechCrunch.



EToro is taking a long-term view with its business plan and isn't affected by the current crypto market weakness. Assia identified the weakness in the market to the dot-com bubble where despite the crash, the internet remained a part of it and altered the economic landscape in the longer term. Much like the internet, Assia together with eToro believe there will be enough room for multiple winners within the larger crypto-related ecosystem.



The company was the first platform which was able to integrate Ethereum and Ripple, and believes that , as similar currencies and the next generation of investors mature, eToro will be there to assist these currencies wherever and in any way that 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," 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."



Website: https://targowisko.net/archiwa/author/clothswing2