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Robinhood Reports Fourth Quarter and Full Year 2021 Results

Robinhood Reports Fourth Quarter and Full Year 2021 Results

The social trading and investing platform eToro announced it will launch their platform within the U.S. The platform, which operates in more than 140 countries, will be available in 30 states and 2 territories, with plans to expand outside of the U.S. after receiving the needed regulatory approvals.



This U.S. platform will only accept trading in crypto assets when it launches, but eToro will be adding additional asset classes within the next 12 months. On how to buy amun bitcoin 3x daily long , its more than 10 million customers can trade and manage more than 1500 asset classes in markets, including stocks, bonds and currencies such as cryptocurrencies, fiat currency commodities and more.



Though eToro can also support more advanced trading strategies -- such as short-selling and using leverage, the platform's transparency and community engagement features are great tools in helping beginners learn about markets and discover how to trade.








EToro is a combination of social network, trading platform for education and trading platform. Anyone who sign-ups for eToro is able to view, comment on and even copy the trading actions of everyone else on the network, and also their actual profits and losses up to date (though only on a per-cent basis to protect financial information that is sensitive). While learning from the techniques of their counterparts Users can decide to make investments using virtual currency to practise and train effectively before placing their money at risk.



If you want to, based on the traders track record, users may choose to copy their portfolio with eToro's "CopyTrader" feature, which will not only allocate funds that match the trader's portfolio, but it also allows the copied investor to automatically take any trade the copy investor does. In addition users can also choose to post comments, share information their favorite topics, interact with or follow specific users, assets or markets, and participate in discussions and latest news related to their specific area of interest.



Although the service is limited only to crypto for the first time, basically all of the features offered by eToro's other global markets will be available on the U.S. And alongside how to buy bitcoin with jazzcash trading platform and services, the company has launched it's digital multi-signature eToro wallet, where users can send, store and receive multiple coins in a wide range of different cryptocurrencies.



By using them with their eToro account, U.S. users can now transfer cryptocurrency into and out of their trading accounts. Users can easily convert between the two as well. The wallet is initially able to support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but they plan to launch additional currencies readily available in the coming months.



EToro users can carry out transactions as well as share their trading activities and performance of their portfolios with other EToro users in order to discuss ideas and implement them with real dollars









The expansion plan, howeverdoes come without risks. EToro is entering a highly competitive market -- alongside famous trading platforms such as Coinbase as well as Robinhood -as well as launching its crypto-only version in the midst of "crypto winter," where wide-spread weakness has plagued sector.



A large part of the strategy is caused by the fact that crypto is a more relaxed option in terms of licensing compared to other asset classes in the highly unstructured and strict U.S. regulatory environment. But eToro's launch strategy is also heavily rooted to the firm's belief that the immense market opportunity that comes with cryptocurrency 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 an approach that is long-term in its plan of action and isn't being frightened by the current weakness in crypto. Assia said that the market's weakness is similar with the bubble of dotcom, with the result that, despite the crash the internet was still a major factor and interrupted the economy in long run. Similar to Internet, Assia and eToro believe there will be more than enough space for multiple winners within cryptocurrency's larger ecosystem.



The company was the first 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 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," Assia said. Assia. " how to buy bitcoin mutual fund 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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