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Robinhood Reports Fourth Quarter and Full Year 2021 Results

Robinhood Reports Fourth Quarter and Full Year 2021 Results

The trading and social investing platform eToro announced that it will launch their platform within the U.S. Its platform, which is in operation in more than 140 nations, is now accessible in 30 states and two territories with plans to expand across the U.S. after receiving the necessary regulatory approvals.



Its U.S. platform will only be able to support trading for crypto assets initially, however eToro plans to offer additional asset classes within the next twelve months. In can i buy bitcoin instantly , the company's more than 10 million users can exchange and keep more than 1500 asset classes in markets including bonds, stock and currencies such as cryptocurrencies, fiat currency commodities, and many more.



Though eToro has more advanced trading strategies -- including short-selling and leverage, the platform's transparency and community engagement capabilities make great tools for newcomers to explore the capital markets and understand how to trade.








EToro is a combination of social network, trading platform along with an online educational source. Anyone who sign-ups for eToro has the ability to see, post comments and follow the trading actions for everyone else on the network, as well as their real-time returns and losses so far (though only according to a percentage, in order to keep confidential financial data safe). While studying the strategies used by their peers and trading partners, members can choose to use virtual currency in order to be able to train and practice their skills before taking on risk with their own money.



Or, depending on a trader's past performance, other users can choose to mimic their portfolio using eToro's "CopyTrader" feature, which is not only able to allocate funds that match the trader's portfolio, but can also take any trade the copy investor does. Furthermore users are also able be able to share, make comments on or engage with specific users, assets or markets -- allowing them to participate in the most current debates and news about their particular area of interest.



Although it's only limited to crypto initially, virtually all features that exist in the current locations will be offered for users within the U.S. And alongside how to buy bitcoin and use it trading platform the company has announced an online multi-signature eToro wallet, which allows users to can save, transfer and receive various coins across a variety of cryptocurrency.



With their eToro accounts, U.S. users can transfer cryptocurrencies into and out of their trading accounts. Users can convert them between, as well. The wallet at first will support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company plans to make additional currencies readily available in the coming months.



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








The expansion program, however come without risks. EToro will be entering into a competitive market -- alongside popular trading platforms , such as Coinbase and Robinhood -and is planning to launch a exclusively in the midst of "crypto winter," where massive weakness has plagued the sector.



The strategy's success is partly due to the fact cryptocurrency is considered to be a less costly asset in terms of licensing compared in comparison to the rest of the asset class in the rigid and extremely fragmented U.S. regulatory environment. However, eToro's approach to launch is also heavily rooted in the company's belief in the vast market opportunity in 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 stated in a conversation with TechCrunch.



EToro is taking a long-term view with its strategy and isn't thrown by the current cryptocurrency weakness. Assia described the market's weakening to that of the dot com bubble, that despite the downfall, the internet remained pervasive and created disruption in the longer term. Much like the internet, Assia is also eToro believe there will be enough space for multiple winners in cryptocurrency's larger ecosystem.



The company was the very first platform in its market to be able to support Ethereum and Ripple, and believes in the future that as related currencies and the next generation of investors mature, eToro will be there to assist the two currencies in whatever way 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," 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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