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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 it will launch it's platform across the U.S. how to buy bitcoin , that currently operates in more 140 nations, is now available in 30 states and two states with plans to expand across the U.S. after receiving the necessary regulatory approvals.



Its U.S. platform will only be able to support trading for crypto assets when it launches, but eToro will be adding additional assets classes within the next 12 months. With how to buy bitcoin via fidelity existing markets, the company's more than 10 million users can buy and sell more than 1500 asset classes in markets such as bonds, stocks and currencies such as cryptocurrencies, fiat currency commodities and more.




While eToro has more advanced trading strategies such as short-selling as well as the use of leverage -- the platform's transparency as well as community engagement features act as great tools in helping beginners learn about market and how to trade.








EToro is a combination of social network, trading platform plus a resource for learning. Everyone who joins eToro has the ability to see, post comments and replicate the trading activities of everyone else on the network, as well as their realized returns and losses so far (though only in a percentage-based basis to safeguard confidential financial information). While learning from the strategies used by their peers, users can opt to put money into virtual currency so that they can test their skills and gain experience before taking the plunge and risking their own funds.



In addition, based on a traders track record, users can select to mirror their portfolio using eToro's "CopyTrader" feature, which does not just allocate funds in accordance with the trader's portfolio, but also automates make any trade the copied investor performs. Additionally users can also choose to post comments, share information their favorite topics, interact with or follow specific users, assets or markets -- giving them the opportunity to engage in the latest discussion and updates on their particular field of interest.



Although it's only limited to crypto when it first launched, basically all of the features currently available to eToro's international markets will also be available to users in the U.S. And alongside its trading platform in the coming months, the company will also launch the multi-signature eToro wallet, where users are able to store, send, and receive multiple coins in a wide range of cryptocurrency.



Using them with their eToro Accounts, U.S. users can currently transfer cryptocurrency to and from their trading account . They are able to convert them easily in addition. The wallet will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company intends to make additional currencies to be available in near future.



EToro users can carry out transactions as well as share their trading activities and portfolio performance with the community which allows users to exchange ideas and execute them using real dollars








The expansion plan, however, doesn't have a low risks. EToro has entered a competitive market -- alongside prominent trading platforms like Coinbase as well as Robinhood -and is planning to launch a exclusively in the midst of "crypto winter," where massive weakness has plagued the sector.



One aspect of the strategy is because cryptocurrency is more lenient from a licensing perspective relative in comparison to the rest of the asset class in the strict and highly fragmented U.S. regulatory environment. However, eToro's strategy for launching is also heavily rooted within the company's conviction in the massive market opportunity which is created by the crypto 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 perspectives with its plan of action and isn't being frightened at by the current market weakness. Assia was comparing the market's softness on the other hand to the dot-com bubble, even though it crashed, the internet still permeated and perturbed the economy over the longer term. As with online, Assia as well as eToro believe that there is more than enough room for multiple winners in the larger crypto ecosystem.



It was the first platform in its markets to allow Ethereum and Ripple and believes that when similar currencies and the new generation of investors get older, eToro will be there to assist them wherever they are 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," 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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