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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 they will soon launch its services in the U.S. The platformwhich operates in more than 140 countrieswill become available in 30 states and two countries with plans to expand outside of the U.S. after receiving the necessary regulatory sign-offs.



This U.S. platform will only offer trading on crypto assets in the beginning, but eToro plans to expand its types of assets in the coming 12 months. The existing markets on eToro are where the company's 10 million+ users are able to trade and manage more than 1,500 different asset classes and markets such as bonds, shares along with cryptocurrencies, fiat currencies, commodities and more.



While eToro is able to support more advanced techniques for trading -- such as short-selling and using leverage, the platform's transparency and engagement features serve as excellent tools for those who are just beginning to understand the trading markets and learn to trade.








EToro is equal parts social network, trading platform also an education resource. Anyone who joins eToro is able to view, comment on and even copy the trading actions of all other users on the network, and also their realized profits and losses to date (though only according to a percentage, in order to safeguard confidential financial information). While learning from how i buy bitcoin can also invest with virtual currency to get a better understanding and to practice before taking on risk with their own money.



Based on a trader's history, other users can choose to mimic their portfolios by using the "CopyTrader" feature, which will not only allocate funds to fit the trader's portfolio, but also will automatically make any trade copied investor's. Furthermore users also have the option be able to share, make comments on or engage with certain individuals, assets, or markets -- which allows them to be part of the latest debate and news about their specific area of interest.



Despite being limited in the beginning to crypto, basically all of the features that exist in the current countries will be accessible in the U.S. And alongside how to buy bitcoin in u.s trading platform the company is launching their digital multi-signature eToro account, where users can send, store and receive multiple coins across a multitude of cryptocurrency.



Using your eToro accounts, U.S. users can transfer cryptocurrency to and from their trading account . They can easily convert between the two in addition. It will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to offer additional currencies to be available in near future.



EToro users can transact or share trading data and portfolio performance with the community by allowing users to debate options that are executed using real dollars








The expansion plan, however, does not come without risk. EToro enters a competitive marketplace , along with well-known trading platforms such as Coinbase as well as Robinhood -and is also launching a cryptocurrency-only version during the midst of "crypto winter," where general weakness has plagued this sector.



A portion of the strategy can be partly due to the fact cryptocurrency is more lenient in terms of licensing compared and other investment classes in the strict and highly fragmented U.S. regulatory environment. However, eToro's strategy for launching is also deeply rooted in the firm's belief in the vast market opportunity that exists with 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 remarked in a interview with TechCrunch.




EToro has long-term perspective with its strategy and isn't thrown by the current crypto market weakness. Assia related the market's decline as the dot-com boom, where , despite its collapse, the internet continued to permeate and destroyed the economy in long term. Just like the web, Assia along with eToro believe there will be enough space for multiple winners within the larger crypto market.



The company was the first platform in its market that was able to work with Ethereum and Ripple and believes that as similar currencies develop and the future generation of investors mature, eToro will be there to help 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. " i want to buy bitcoin 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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