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Robinhood Reports Fourth Quarter and Full Year 2021 Results

Robinhood Reports Fourth Quarter and Full Year 2021 Results

The social investing and trading platform eToro announced that it is launching its service in the U.S. The platformwhich operates in more than 140 countries available in 30 states and two jurisdictions with plans to expand outside of the U.S. after receiving the necessary regulatory sign-offs.




This U.S. platform will only support trading for crypto assets at launch, but eToro plans to expand its categories of assets within the next 12 months. On eToro's current markets, its 10 million plus customers are able to exchange and keep more than 1500 asset classes in markets such as bonds, stocks the cryptocurrencies, fiat currencies commodities, and many more.



Though eToro is able to support more advanced trading strategies -- including selling short and the use of leverage, the platform's transparency as well as community engagement capabilities make great tools for people who are new to the capital markets , and also learn to trade.








EToro is a combination of social network, trading platform along with an online educational source. Anyone who joins eToro is able to observe, comment as well as copy the trades that other users of the network, as well as their real-time returns and losses to date (though only at a % basis to keep confidential financial data safe). While learning from other traders' strategies as well, they are able to trade with virtual currency to get a better understanding and to practice before investing their own money.



On the other hand, based on a trader's past performance, other users can choose to mimic their portfolios by using the "CopyTrader" feature, which does not just allocate funds to match the trader's portfolio, but it also allows the copied investor to automatically make any trade the copied investor performs. On how to buy bitcoin etf in u.s of that they are also able to interact, post comments on engaging with, or follow particular users, assets, or markets, which allows them to be part of the most recent discussions and news related to their specific area of interest.



Although it is limited in the beginning to crypto, virtually all of the features available on eToro's previous geographic markets will be accessible to users in the U.S. And alongside how to buy bitcoin and use it trading platform it is also launching it's digital multi-signature eToro wallet. It will allow users can store, send and receive multiple coins in a wide range of different cryptocurrencies.



With these eToro logins U.S. users can move cryptocurrencies onto and from their trading account . Additionally, they can easily convert between the two and vice versa. 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 soon.



EToro users are able to make transactions or share trading data and performance of their portfolios with other EToro users in order to discuss ideas that are executed using real dollars








The expansion program, however come without the risk. EToro is entering a highly competitive marketplace , alongside famous trading platforms such as Coinbase as well as Robinhood -and is planning to launch a solely in the middle of "crypto winter," where widespread weakness has afflicted the sector.



The reason behind this strategy is partly due to the fact crypto is lighter from a licensing standpoint and other investment classes within the highly restrictive and fragmented U.S. regulatory environment. However, the eToro launch strategy has its roots in the firm's belief in the huge market potential that comes with crypto 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 conversation with TechCrunch.



EToro is taking an outlook on the future with the company's strategy and isn't deterred at by the current market weakness. how to buy bitcoin with c described the market's weakening as the dot-com boom in which, despite the downturn, the internet continued to permeate and created disruption in the long run. And just like with the web, Assia and eToro believe that there is more than enough room for multiple winners within the larger crypto market.



The company was the first market to offer support for Ethereum and Ripple, and believes that as the two currencies are similar and the next generation of investors mature, eToro will be there to help any time and 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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