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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 is finally launching its platforms in U.S. The platform, which already is available in more than 140 different countries, will soon be available in 30 states and two countries with plans to expand throughout the U.S. after receiving the required regulatory approvals.



This U.S. platform will only be able to support trading for crypto assets initially, however eToro will be adding additional asset classes over the next twelve months. With how to buy a bitcoin wallet existing markets, the company's 10 million-plus users can exchange and keep more than 1,500 different asset classes and markets which include bonds, stocks along with cryptocurrencies, fiat currencies commodities, and many more.



Though eToro offers more advanced trading strategies such as trading with short-terms and leverage, the platform's transparency , community engagement capabilities make great tools for beginners to learn the financial markets and to learn to trade.








EToro is equal parts social network, trading platform in addition to an academic resource. Everyone who joins eToro is able to view, comment on and even copy the trading actions as well as the other members on the network, in addition to the actual losses and returns to date (though only according to a percentage, in order to protect confidential financial information). While learning from the strategies employed by their peers, users can opt to put money into virtual currency so that they can learn and practice before taking the plunge and risking their own funds.



If you want to, based on the trading history, users may decide to imitate the portfolio using eToro's "CopyTrader" feature, which not only proportionally allocates funds to match the investor's portfolio, but it also allows the copied investor to automatically make any trade copied investor's makes. Furthermore they are also able to share, comment on the posts of certain individuals, assets, or markets, so that they can participate in discussions and latest news about their specific area of interest.



While the platform is restricted in the beginning to crypto, practically all of these features available in the existing market will be available at a lower cost in the U.S. And alongside how to buy bitcoin easy trading platform and its trading platform, the company will launch its own digital multisignature eToro wallet. Users can manage, store and receive various coins across a variety of cryptocurrencies.



Using them with their eToro accounts, U.S. users can now transfer cryptocurrency into and out of their trading accounts. Users have the ability to easily convert between as well. The wallet's initial support will include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but they plan to launch additional currencies soon.




EToro users can execute transactions and share trading and portfolio performance with the community and allow users to share ideas , and then execute the transactions using real dollars








The expansion strategy, however, doesn't have a low risks. EToro wants to join a highly competitive market -- in conjunction with major trading platforms like Coinbase as well as Robinhood -and is also launching a solely in the middle of "crypto winter," where widespread instability has plagued the sector.



One aspect of the strategy is related to the fact that cryptocurrency is considered to be a less costly asset in terms of licensing and other investment classes in the extremely regulated and fragmented U.S. regulatory environment. But eToro's launch strategy is also strongly rooted on the company's belief of an enormous market opportunity due to the tokenization and 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 long-term perspectives with its strategies and doesn't get sucked into the current crypto slump. Assia has compared the current market weakness on the other hand to the dot-com bubble which, despite the market crash, Internet still permeated and altered the economic landscape in the long term. Similar to the internet, Assia is also eToro believe that there is more than enough space to make multiple winners in the larger crypto-related ecosystem.



The company was the very first market which was able to integrate Ethereum and Ripple and is confident that as similar currencies and the future generation of investors mature, eToro will be there to support any time and 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," 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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