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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 set to launch its platforms in U.S. Its platform, which operates in more than 140 countries, will be accessible in 30 states and 2 territories, with plans to expand beyond the U.S. after receiving the necessary regulatory approvals.



This U.S. platform will only allow trading of crypto assets initially, however eToro plans to expand its asset classes in the next 12 months. Within the existing markets of eToro, the company's 10 million-plus users can trade and store more than 1500 different asset classes and markets, including stocks, bonds and currencies such as cryptocurrencies, fiat currency commodities, and many more.




Though eToro is able to support more advanced trading strategies such as short-selling and leverage -- the features of the platform's transparency and social engagement capabilities are excellent tools for novices to get familiar with the trading markets and learn to trade.








EToro is a social network, trading platform along with an online educational source. Everyone who joins eToro is able to view, comment on and record the trading activity of other members of the network, as well as their realized losses and gains so far (though only at a % basis to protect confidential financial information). While studying the techniques of their counterparts customers can also invest in virtual currencies to practise and train effectively before taking on risk with their own money.



Alternatively, based on a traders track record, users are able to duplicate their portfolio through eToro's "CopyTrader" feature, which doesn't just proportionally allocate funds that match the trader's portfolio but also can automatically complete any trade the copied investor makes. In what is bitcoin x are also able to interact, post comments on the posts of specific individuals, assets or markets, and participate in the most recent discussions and news on their particular field of interest.



While it will be limited to crypto at launch, nearly all of the features offered by eToro's other locations will be offered in the U.S. And alongside its trading platform the company has announced it's digital multi-signature eToro wallet. It will allow users can store, send and receive numerous coins across a variety of cryptocurrencies.



Using your eToro customers' accounts U.S. users can now transfer cryptocurrency into and from their trading account and could easily convert between them and also. The wallet will initially accept Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company will make additional currencies available in the near future.



EToro users can carry out transactions and share trading and portfolio performance with the community by allowing users to debate ideas and execute them using real dollars








The expansion program, however come without risk. EToro ventures into a highly competitive marketplace , along with major trading platforms like Coinbase and Robinhood -as well as launching its digital currency-only platform in the middle of "crypto winter," where the widespread weakness has plagued the sector.



The reason behind this strategy is related to the fact that crypto is less expensive from a licensing perspective relative similar asset classes in the rigid and extremely fragmented U.S. regulatory environment. But the company's plan to launch its product is also into the company's belief the immense market opportunity which is created by the 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 said in an interview with TechCrunch.



EToro is taking a long-term view with the company's strategy and isn't deterred by the current weakness in crypto. Assia identified the weakness in the market to that of the dot com bubble, where , despite the collapse, Internet still permeated and perturbed the economy over the long-term. And just like with the web, Assia together with eToro believe there will be enough room for multiple winners in the wider crypto ecosystem.



The company was the very first market platform to allow Ethereum and Ripple, and believes that as similar currencies and the next generation of investors mature, eToro will be there to assist their users 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. " is gcash a bitcoin wallet 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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