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The social investing and trading platform eToro announced that it is finally launching its online platform to the U.S. The platform, which currently is in operation in more than 140 locations, will eventually be accessible in 30 states and two regions with plans to expand across the U.S. after receiving the necessary regulatory sign-offs.



This U.S. platform will only allow trading of crypto currencies when it launches, but eToro plans to add additional asset classes over the next twelve 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 crypto currencies, cryptocurrencies commodities and more.



Though eToro has more advanced techniques for trading -- such as short-selling and leverage -- the platform's transparency , community engagement features act as great tools for novices to get familiar with the capital markets , and also learn to trade.








EToro is a social network, trading platform also an education resource. how to buy bitcoin qatar who joins eToro has the ability to see, post comments and even copy the trading actions of other members of the network, as well as their realized losses and gains to date (though only as a percentage basis, to protect financial information that is sensitive). While studying the strategies used by their peers as well, they are able to utilize virtual currency to learn and practice before placing their money at risk.



Or, depending on a traders track record, users are able to duplicate their portfolios by using the "CopyTrader" feature, which will not only allocate funds in line with the trader's portfolio but also can automatically complete any trade the copied investor's make. Furthermore how to buy bitcoin etf stock can also to share, discuss as well as follow specific users, assets or markets, giving them the opportunity to engage in the latest debate and news on their particular field of interest.



Although it is limited to crypto initially, basically all of the features available in eToro's existing geographic markets will be accessible at a lower cost in the U.S. And alongside its trading platform and its trading platform, the company will launch its own digital multisignature eToro wallet. how 2 buy bitcoin can keep, send and receive multiple coins from a variety of cryptocurrencies.



Using your eToro logins U.S. users can transfer cryptocurrencies into and through their trading account. In addition, they are able to convert them easily and vice versa. It will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company plans to add additional currencies accessible in the near future.



EToro users can execute transactions as well as share their trading activities and performance of their portfolios with other EToro users, allowing users to discuss strategies that are then executed with real dollars









The expansion strategy, however, doesn't have a low risks. EToro will be entering into a highly competitive market -- in conjunction with major trading platforms like Coinbase as well as Robinhood -it is also launching its solely in the middle of "crypto winter," where widespread weakness has plagued the sector.



Part of the reason for this is in part due to the reality that cryptocurrency is considered to be a less costly asset in terms of licensing compared to other asset classes within the highly unstructured and strict U.S. regulatory environment. However, how to buy bitcoin on cash app of eToro is also firmly grounded within the company's conviction in the vast market opportunities in the tokenization of the assets.



"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 conversation with TechCrunch.



EToro is taking the long-term view in the company's strategy and isn't deterred off by the current weakening of crypto. Assia said that the market's weakness is similar on the other hand to the dot-com bubble that despite the downfall, the internet remained pervasive and destroyed the economy in long-term. how to buy 1/2 bitcoin like technology, Assia as well as eToro believe there will be enough space to make multiple winners in the larger crypto ecosystem.



The company was the first platform in its market to support Ethereum and Ripple and believes in the future that as related currencies and the future generation of investors mature, eToro will be there to assist any time and any way they require.



"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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