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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 will be launching its services in the U.S. The platformwhich operates in more than 140 locations, will eventually be accessible in 30 states and two territories . It also has plans for expansion elsewhere in the U.S. after receiving the required regulatory approvals.



This U.S. platform will only allow trading of crypto currencies at launch, but eToro plans to add more asset classes over the next twelve months. With how to buy bitcoin on metatrader 4 existing markets, the company's 10 million-plus users can exchange and keep more than 1500 asset classes and markets such as bonds, stocks crypto currencies, cryptocurrencies, commodities and more.



Even though eToro can also support more advanced trading strategies -- like short-selling , as well as the use leverage, the service's transparency features and community engagement features make it a great tool that help beginners understand financial markets and to learn to trade.








EToro is a social network, trading platform in addition to an academic resource. Any user who signs up to eToro will be able to read, write about or copy the trading activities and actions of all others on the network, as well as the actual losses and returns up to date (though only on a per-cent basis to safeguard confidential financial information). While learning from other traders' strategies as well, they are able to put money into virtual currency so that they can get a better understanding and to practice before actual risking their money.



Based on a trader's past performance, other users are able to duplicate their portfolio with eToro's "CopyTrader" feature, which can not only distribute funds in line with the trader's portfolio, but can also ensure that any trade the copied investor's makes. In how to buy bitcoin with your 401k are also able to interact, post comments on engaging with, or follow specific individuals, assets or markets, giving them the opportunity to engage in the most recent debates and news in their area of interest.



While it will be limited to crypto when it first launched, virtually all of the features available in eToro's existing regions will be made available in the U.S. And alongside its trading platform and its trading platform, the company will launch the digital multi-signature eToro wallet, where users can keep, send and receive multiple coins using a variety of cryptocurrency.



Through one of their eToro clients, U.S. users can now transfer cryptocurrencies to and out of their trading accounts. Users are able to convert them easily and also. The wallet will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to make additional currencies available in the near future.



EToro users can perform transactions and share trading activities and portfolio performance with the community in order to discuss ideas that are executed using real dollars








The expansion plan, however come without risks. EToro ventures into a competitive marketplace , alongside prominent trading platforms like Coinbase and Robinhood -and has announced a cryptocurrency-only version during the midst of "crypto winter," where widespread weaknesses have plagued the sector.



Part of the strategy is partly due to the fact crypto is a more relaxed option from a licensing standpoint compared different asset types within the highly regulated and splintered U.S. regulatory environment. But eToro's launch strategy is also firmly grounded in the company's belief in the vast market opportunity that exists with the asset 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, in a interview with TechCrunch.




EToro has long-term perspective with its business plan and isn't affected by the current weakness in crypto. Assia identified the weakness in the market to the dot-com bubble, with the result that, despite the crash the internet remained a part of it and created disruption in the longer term. And just like with web-based technology Assia and eToro believe that there will be more than enough room to make multiple winners in the wider crypto industry.



The company was the very first market platform to be able to support Ethereum and Ripple, and believes that when similar currencies and the new generation of investors get older, eToro will be there to assist any time and the way they need it.



"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. " how to buy bitcoin in kenya with mpesa 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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