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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 will officially launch its platform in the U.S. Its platform, currently operates in more than 140 locations, will eventually be available in 30 states and two states with plans for expansion elsewhere in the U.S. after receiving the required regulatory approvals.



Its U.S. platform will only allow trading of crypto assets in the beginning, but eToro intends to include additional asset classes over the course of the next 12 months. The existing markets on eToro are where the more than 10 million users are able to invest in and hold more that 1,500 different asset classes and markets comprising bonds, stocks or cryptocurrencies, currencies that are fiat, commodities and more.



Even though eToro can also support more advanced trading strategies such as short-selling and leverage, the platforms' transparency and community engagement functions are great resources for people who are new to the capital markets and learn how to trade.









EToro is equal parts trading platform, social network or educational platform. how to buy bitcoin 101 who is a member of eToro can access, read, and comment on or copy the trading activities as well as the other members on the network, as well as their actual returns and losses so far (though only in a percentage-based basis to protect sensitive financial information). While learning from how to buy bitcoin futures are able to use virtual currency in order to practice and effectively train before actual risking their money.



However, based off a trading history, users can also choose to replicate their portfolio with eToro's "CopyTrader" feature, which can not only distribute funds to fit the trader's portfolio but also can automatically execute any trade that the copied investor's. Furthermore it allows members to share, comment on and engage with certain people, assets, or markets, so that they can participate in the latest discussion and updates regarding their particular area of interest.



While it will be limited by crypto at launch many of the same features available in eToro's existing market will be available for users within the U.S. And alongside its trading platform it is also launching an online multi-signature eToro wallet. With it, users can send, store and receive several coins across a range of cryptocurrencies.



Utilizing accounts with eToro accounts U.S. users can move cryptocurrencies onto and from their trading account and can convert them between as well. The wallet at first will support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company intends to make additional currencies available in the near time.



EToro users can conduct transactions in exchange for sharing trading activities and performance of their portfolios with other EToro users and allow users to share ideas that can be executed using real dollars








The expansion plan, however, doesn't come without risk. EToro is entering a competitive marketplace , alongside famous trading platforms such as Coinbase as well as Robinhood -and is also launching a Crypto-only version amid the chaos of "crypto winter," where widespread weakness has plagued the sector.



A significant part of the plan is related to the fact that crypto is lighter in terms of licensing compared in comparison to the rest of the asset class in the strict and highly fragmented U.S. regulatory environment. However, the launch strategy of eToro is also firmly rooted in the firm's belief in the vast market opportunity due to the digital tokenization of asset.



"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 stated in a conversation with TechCrunch.



EToro has long-term perspective with its plan of action and isn't being frightened by the current crypto weakness. Assia was comparing the market's softness to that of the dot com bubble that despite the downfall, the internet persisted and disrupted the economy in the long term. Just like an internet connection, Assia is also eToro believe there will be more than enough room for multiple winners within the wider crypto industry.



It was the first platform in its markets that supported Ethereum and Ripple and is confident that as similar currencies and the future generation of investors mature, eToro will be there to support them wherever they are in any way that 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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