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The trading and social investing platform eToro announced that they will soon launch its platforms in U.S. The platform, which currently operates in more 140 different countries, will soon be available in 30 states as well as two territories. There are plans to expand outside of the U.S. after receiving the needed regulatory approvals.



Its U.S. platform will only allow trading of crypto currencies in the beginning, but eToro is planning to launch additional asset classes over the course of the next twelve months. On eToro's current markets, the company's 10 million-plus users are able to hold and trade more than 1500 asset classes in markets, including stocks, bonds the cryptocurrencies, fiat currencies, commodities and more.



While eToro offers more advanced trading strategies such as short-selling and using leverage -- the service's transparency features and community engagement features act as great tools used by beginners to master the markets and discover how to trade.








EToro is a combination of trading platform, social network for education and trading platform. how i buy bitcoin in canada who joins eToro can see, comment and even copy the trading actions of everyone else on the network, and also their actual returns and losses up to date (though only on a percentage basis in order to protect confidential financial information). While learning from the strategies employed by their peers and trading partners, members can choose to put money into virtual currency so that they can make practice and improve their skills prior to making a decision to invest their own money.



Alternatively, based on a trader's track record, other members can copy the portfolio of their eToro member using its "CopyTrader" feature, which doesn't just proportionally allocate money to match the trader's portfolio but also can automatically execute any trade that the copied investor's makes. Furthermore users also have the option be able to share, make comments on engaging with, or follow specific users, asset types or markets, which allows them to be part of the most current debates and news concerning their area of interest.



However, despite being restricted to crypto at the time of launch, nearly all of the features offered by eToro's other locations will be offered within the U.S. And alongside its trading platform and its trading platform, the company will launch the digital multi-signature eToro wallet, where users are able to store, send, and receive multiple coins from a variety of cryptocurrencies.



Utilizing these eToro customers' accounts U.S. users can currently transfer cryptocurrency to and from their trading account . Additionally, they are able to convert them easily and vice versa. The wallet initially supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but it is planned to add additional currencies available in the near future.



EToro users can use transactions while sharing their trading actions and performance of their portfolios with the community which allows users to exchange options that are executed using real dollars








The expansion plan, howeverdoes come without the risk. EToro plans to enter a highly competitive market, along with other prominent trading platforms like Coinbase as well as Robinhood -- and is launching its exclusively in the midst of "crypto winter," where general weakness has plagued this sector.



A significant part of the plan is partly due to the fact crypto is a lighter lift from a licensing perspective relative to other asset classes in the highly regulated and splintered U.S. regulatory environment. But eToro' how to buy bitcoin directly from blockchain is also on the company's belief of the huge market potential associated with the 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 stated in a conversation with TechCrunch.



EToro is taking an approach that is long-term in its strategy and isn't thrown by the current crypto market weakness. Assia described the market's weakening in the wake of the dot-com crash, where , despite the collapse, the internet continued to be a force that affected the economy in the long term. And just like with an internet connection, Assia is also eToro believe that there will be more than enough room for multiple winners within the wider crypto industry.




It was the first platform in its market that was able to work with Ethereum and Ripple and is confident that as the two currencies are similar and the new generation of investors get older, eToro will be there to help them 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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