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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 it is launching its online platform to the U.S. The platform, which already is available in more than 140 nations, is now accessible in 30 states and 2 territories, with plans to expand across the U.S. after receiving the required regulatory approvals.



This U.S. platform will only offer trading on crypto assets when it launches, but eToro intends to include additional asset classes in the coming twelve months. In how to buy bitcoin in india , the company's 10 million+ users are able to deal and hold more than 1500 different asset classes and markets that include bonds, stocks and cryptocurrencies, as well as fiat currencies, commodities and more.




Although eToro also supports more sophisticated trading strategies , such as short-selling as well as the use of leverage -- the features of the platform's transparency and social engagement functions are great resources in helping beginners learn about financial markets and to learn to trade.








EToro is a trading platform, social network as well as an educational tool. Any user who signs up to eToro is able to observe, comment and copy the trading activity of other members of the network, as well as their realized profits and losses up to date (though only on a percentage basis in order to safeguard confidential financial information). While studying the methods of their peers, users can opt to put money into virtual currency so that they can improve their practice and learn before taking the plunge and risking their own funds.



In addition, based on a trading history, users can also choose to replicate the portfolio using eToro's "CopyTrader" feature, which does not just distribute funds to match the investor's portfolio, but can also execute any trade that the copied investor's make. On top of that users can also choose to interact, post comments on as well as follow specific individuals, assets or markets -- making it possible for them to take part in the latest discussion and updates related to their specific area of interest.



However, despite being restricted in the beginning to crypto, many of the same functions available on the existing geographical markets will be available throughout the U.S. And alongside its trading platform, the company is launching its multi-signature digital eToro account, where users can store, send and receive multiple coins from a variety of crypto currencies.



Using them with their eToro accounts, U.S. users can currently transfer cryptocurrency to and through their trading account. In addition, they can convert them between, as well. The wallet initially will support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company will make additional currencies accessible in the near future.



EToro users can conduct transactions as well as share their trading activities and portfolio performance with the community with the ability to discuss strategies that are then executed with real dollars








The expansion strategy, however, doesn't have a low risk. EToro enters a competitive market -- in conjunction with major trading platforms like Coinbase and Robinhood -in addition to launching its exclusively in the midst of "crypto winter," where wide-spread weakness has plagued sector.



Part of the strategy is caused by the fact that cryptocurrency is more lenient from a licensing perspective relative different asset types within the highly restrictive and fragmented U.S. regulatory environment. However, the strategy behind eToro's launch is also deeply rooted within the company's conviction in the immense market opportunity for currency 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 a interview with TechCrunch.



EToro has an outlook on the future with the company's strategy and isn't deterred into the current crypto slump. Assia has compared the current market weakness and the dot.com bubble, with the result that, despite the crash the internet continued to permeate and perturbed the economy over the long-term. Like the internet, Assia and eToro believe that there will be more than enough room for multiple winners within the larger crypto-related ecosystem.



The company was the first market platform to be able to support Ethereum and Ripple and is confident that as similar currencies mature and the new generation of investors get older, eToro will be there to help them wherever they are 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. "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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