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Robinhood Reports Fourth Quarter and Full Year 2021 Results


Robinhood Reports Fourth Quarter and Full Year 2021 Results

The social investment and trading platform eToro announced that it is finally launching its services in the U.S. The platform, which currently has operations in more that 140 international countries, would be available in 30 states and two regions with plans to expand beyond the U.S. after receiving the required regulatory approvals.



The U.S. platform will only support trading for crypto assets at launch, but eToro intends to include additional asset classes over the next twelve months. On how to buy bitcoin in honduras , the 10 million or more users are able to trade and manage more than 1500 asset classes in markets such as bonds, shares crypto currencies, cryptocurrencies commodities, and many more.



Although eToro also supports more sophisticated trading strategies -- including short-selling , as well as the use leverage -- the platform's transparency , community engagement features make it a great tool for beginners to learn the market and how to trade.








EToro is a combination of trading platform, social network or educational platform. Anyone who sign-ups for eToro will be able to read, write about and replicate the trading activities that other users of the network, and also their real-time returns and losses so far (though only at a % basis to protect confidential financial information). While studying the strategies used by their peers they can also choose to use virtual currency in order to practice and effectively train before investing their own money.



If you want to, based on the trader's history, other users may choose to copy their portfolio using eToro's "CopyTrader" feature, which does not just allocate funds to match the investor's portfolio, but can also complete any trade the copy investor does. On top of that the members can also be able to share, make comments on, engage with or follow specific users, assets or markets -- they can also participate in the latest discussion and updates related to their specific area of interest.



Although it is limited by crypto at launch nearly all of the features currently available to eToro's regions will be made available at a lower cost in the U.S. And alongside its trading platform it's also launching its own digital multisignature eToro wallet. how to buy a bitcoin miner will allow users can keep, send and receive multiple coins in a wide range of crypto currencies.



Using their eToro accounts U.S. users can currently transfer cryptocurrency to and from their trading accounts. And they are able to convert them easily, as well. The wallet will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but it is planned to add additional currencies available in the near future.



EToro users can perform transactions in exchange for sharing trading activities and portfolio performance with the community that allows users to talk about ideas and implement them with real dollars








The expansion plan, howeverdoes come without risks. EToro ventures into a competitive market -- along with other prominent trading platforms like Coinbase and Robinhood -and has announced a cryptocurrency-only version during the midst of "crypto winter," where widespread weakness has plagued the sector.



Part of the strategy is attributable to the fact that crypto is less expensive from a licensing standpoint similar asset classes in the highly complex and strict U.S. regulatory environment. The launch plan of eToro's is also heavily rooted in its belief in the immense market opportunity for 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 told a interview with TechCrunch.



EToro has an approach that is long-term in its strategy and isn't thrown by the current crypto market weakness. Assia believes that the market's slowdown is comparable to the dot-com bubble, in which, despite the downturn, the internet still permeated and destroyed the economy in long term. And just like with web-based technology Assia and eToro believe that there will be more than enough space to make multiple winners in the broader crypto ecosystem.



It was the first platform in its market to be able to support Ethereum and Ripple, and believes that as the two currencies are similar and the future generation of investors mature, eToro will be there to assist the two currencies in 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," 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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