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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 that it will finally be launching its online platform to the U.S. The platform, that currently is in operation in more than 140 international countries, would be accessible in 30 states and two territories with plans to expand further in the U.S. after receiving the needed regulatory approvals.



Its U.S. platform will only support trading for crypto assets initially, however eToro plans to offer additional assets classes within the next 12 months. In how to buy xrp/btc , its more than 10 million customers are able to exchange and keep more than 1500 different asset classes and markets, including stocks, bonds, cryptocurrencies, fiat currencies, commodities and more.



Although eToro is able to support more advanced trade strategies -- which include short-selling , as well as the use leverage, the features of the platform's transparency and social engagement features act as great tools for novices to get familiar with the financial markets and to learn to trade.









EToro is a combination of trading platform, social network for education and trading platform. Anyone who is a member of eToro can observe, share as well as copy the trades as well as the other members on the network, and also their actual profits and losses to date (though only on a percentage basis to protect confidential financial information). While studying other traders' strategies the users are able to invest in virtual currencies to get a better understanding and to practice before placing their money at risk.



If you want to, based on the trader's track record, other users can choose to mimic their portfolio with eToro's "CopyTrader" feature, which not only proportionally allocates funds to match the trader's portfolio, it can also ensure that any trade the copied investor's. On how to buy bitcoin in coinbase of that users also have the option to connect, comment on as well as follow certain individuals, assets, or markets -- making it possible for them to take part in the latest debate and news concerning their area of interest.



Although it's only limited only to crypto for the first time, many of the same features offered by eToro's other market will be available on the U.S. And alongside its trading platform, the company is launching it's digital multi-signature eToro wallet. With it, users have the ability to store, send and receive many coins across a myriad of cryptocurrencies.



Using their eToro Accounts, U.S. users can transfer cryptocurrency to and out of their trading accounts. Users could easily convert between them, as well. The wallet will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company will make additional currencies soon.



EToro users can use transactions while sharing their trading actions and performance of their portfolios with other EToro users and allow users to share strategies that are then executed with real dollars








The expansion program, however have a low risks. EToro moves into a competitive market -- alongside popular trading platforms like Coinbase and Robinhood -it is also launching its crypto-only version in the midst of "crypto winter," where widespread weaknesses have plagued the sector.



The strategy's success is because crypto is less expensive from a licensing standpoint compared different asset types within the highly restrictive and fragmented U.S. regulatory environment. But eToro's launch strategy is also solidly rooted on the company's belief of the massive market opportunity for 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 the company's strategy and isn't deterred by the current crypto weakness. Assia has compared the current market weakness and the dot.com bubble, in which, despite the downturn, the internet continued to permeate and destroyed the economy in long term. Much like online, Assia together with eToro believe that there is more than enough space to make multiple winners in the larger crypto ecosystem.



It was the first platform in its markets to accept Ethereum and Ripple, and believes that as similar currencies mature and the next generation of investors mature, eToro will be there to support their users in whatever way 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," 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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