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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 that they will soon launch its services in the U.S. The platformthat already is operational in more than 140 countriesaround the world, will now be available in 30 states as well as two territories. There are how to buy bitcoin with e wallet for expansion elsewhere in the U.S. after receiving the necessary regulatory sign-offs.



This U.S. platform will only be able to support trading for crypto assets at the time of launch, however eToro is planning to launch additional asset classes in the next twelve months. With how to buy bitcoin nft existing markets, the 10 million or more users are able to buy and sell more than 1,500 different asset classes and markets such as bonds, shares cryptocurrency, fiat currencies commodities, and more.



Even though eToro even supports more advanced trading strategies -- like short-selling and the use of leverage, the platform's transparency and community engagement capabilities are excellent tools for novices to get familiar with the market and how to trade.








EToro is a combination of social network, trading platform in addition to an academic resource. Any user who signs up to eToro has the ability to see, post comments or copy the trading activities of all other users on the network, and also their own realized gains and losses up to date (though only by a percentage to protect financial information that is sensitive). While studying the techniques of their counterparts and trading partners, members can choose to make investments using virtual currency to practise and train effectively before investing their own money.



In addition, based on a trader's past performance, other users may choose to copy the portfolio using eToro's "CopyTrader" feature, which does not just allocate funds to match the investor's portfolio, it can also execute any trade that the copied investor makes. Additionally members also have the ability to interact, post comments on, engage with or follow certain people, assets, or markets, allowing them to participate in the most recent discussions and news related to their specific area of interest.



However, despite being restricted in the beginning to crypto, basically all of the features available in the existing geographical markets will be available on the U.S. And alongside its trading platform it's also launching the multi-signature eToro wallet, which allows users to can save, transfer and receive multiple coins using a variety of different cryptocurrencies.



Utilizing their eToro account, U.S. users can now transfer cryptocurrencies from their trading accounts and could easily convert between them and vice versa. The wallet initially will support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company intends to make additional currencies possible in the near term.



EToro users can make transactions as well as share their trading activities and performance of their portfolios with other EToro users with the ability to discuss strategies that are then executed with real dollars









The expansion strategy, however, doesn't come without risks. EToro wants to join a competitive market, along with other prominent trading platforms like Coinbase and Robinhood -and is planning to launch a exclusively in the midst of "crypto winter," where widespread weakness has plagued the sector.



A portion of the strategy can be caused by the fact that cryptocurrency is considered to be a less costly asset from a licensing perspective relative in comparison to the rest of the asset class in the highly unstructured and strict U.S. regulatory environment. However, the launch strategy of eToro is also solidly rooted in the company's belief in the massive market opportunity associated with the digital tokenization of asset.



"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 during a interview with TechCrunch.



EToro has an approach that is long-term in their strategy and hasn't been impacted off by the current weakening of crypto. Assia identified the weakness in the market to that of the dot com bubble, in which, despite the downturn, the internet was still a major factor and altered the economic landscape in the long run. Just like the internet, Assia is also eToro believe that there is more than enough room for multiple winners within the larger crypto market.



The company was the first market to be able to support Ethereum and Ripple and is confident that , as these currencies and the future generation of investors mature, eToro will be there to assist 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," 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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