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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 their platform within the U.S. how to buy $100 bitcoin , which is operational in more than 140 different countries, will soon be accessible in 30 states and two regions with plans for expansion elsewhere in the U.S. after receiving the required regulatory approvals.



Its U.S. platform will only support trading for crypto assets initially, however eToro plans to add more asset classes over the next 12 months. Within the existing markets of eToro, the company's more than 10 million users are able to trade and manage more than 1500 different asset classes as well as markets such as bonds, stocks crypto currencies, cryptocurrencies, commodities and more.



While eToro is able to support more advanced trading strategies , such as short-selling , as well as the use leverage -- the features of the platform's transparency and social engagement capabilities make great tools for beginners to learn the financial markets and to learn to trade.








EToro is a trading platform, social network also an education resource. Anyone who registers on eToro is able to view, comment on and record the trading activity as well as the other members on the network, as well as their actual returns and losses to date (though only in a percentage-based basis to ensure the security of sensitive financial information). While learning from the strategies used by their peers the users are able to make investments using virtual currency to get a better understanding and to practice before taking the plunge and risking their own funds.




Alternatively, based on a trader's performance record, other customers can decide to copy their portfolio by using eToro's "CopyTrader" feature, which not only proportionally allocates funds to the trader's portfolio, but it also allows the copied investor to automatically execute any trade that the copied investor's makes. On top of that users can also choose to share, comment on as well as follow particular individuals, assets or markets -- so that they can participate in the latest discussions and news in their specific field of interest.



While it will be limited to crypto at the time of launch, practically all of these features available in the existing geographic markets will be accessible throughout the U.S. And alongside its trading platform the company is launching an online multi-signature eToro wallet, which allows users to can keep, send and receive multiple coins across a multitude of cryptocurrency.



Utilizing their eToro account, U.S. users can now transfer cryptocurrency into and from their trading account and can easily convert between the two and vice versa. The wallet's initial support will include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company plans to add additional currencies readily available in the coming months.



EToro users are able to make transactions in exchange for sharing 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 plan, however, does not come without the risk. how to buy bitcoin as a gift into a competitive market -- in conjunction with famous trading platforms such as Coinbase and Robinhood -in addition to launching its only in crypto during the midst of "crypto winter," where the widespread weakness has plagued the sector.



Part of the reason for this is caused by the fact that crypto is an easier lift from a licensing standpoint against other assets in the highly restrictive and fragmented U.S. regulatory environment. However, the launch strategy of eToro is also by its belief in the huge market potential due to the cryptocurrency 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 has an approach that is long-term in its strategy and isn't getting sucked into the current crypto slump. how to buy bitcoin green believes that the market's slowdown is comparable to that of the dot com bubble, with the result that, despite the crash the internet remained a part of it and interrupted the economy in longer term. And just like with web-based technology Assia as well as eToro believe that there will be more than enough room to make multiple winners in the broader crypto ecosystem.



The company was the first platform in its markets to accept Ethereum and Ripple and is confident that , as these currencies and the future generation of investors mature, eToro will be there to support these currencies wherever and 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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