Robinhood Reports Fourth Quarter and Full Year 2021 Results

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Robinhood Reports Fourth Quarter and Full Year 2021 Results

The trading and social investing platform eToro announced that it will finally be launching it's platform across the U.S. Its platform, which operates in more then 140 countrieswill become accessible in 30 states and two countries with plans to expand across the U.S. after receiving the required regulatory approvals.

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This U.S. platform will only offer trading on crypto assets at the time of launch, however eToro intends to include additional asset classes in the next twelve months. With the existing markets, the company's 10 million+ users can hold and trade more than 1,500 different asset classes and markets including bonds, stocks the cryptocurrencies, fiat currencies commodities, and more. </p>

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Although eToro is able to support more advanced trade strategies -- which include short-selling , as well as the use leverage, the platform's transparency and community engagement features make it a great tool in helping beginners learn about trading markets and learn to trade. </p>

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EToro is a combination of trading platform, social network plus a resource for learning. Anyone who joins eToro has the ability to see, post comments and even copy the trading actions and actions of all others on the network, in addition to their realized profits and losses to date (though only in a percentage-based basis to safeguard sensitive financial data). While learning from the strategies of their colleagues as well, they are able to utilize virtual currency to get a better understanding and to practice before placing their money at risk. </p>

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However, based off a traders track record, users can choose to mimic their portfolios using eToro's "CopyTrader?" feature, which will not only allocate funds to match the investor's portfolio but also can automatically take any trade the copied investor makes. On top of that, members are also able to share, discuss as well as follow certain users, assets or markets -- making it possible for them to take part in the most recent debates and news in their specific field of interest. </p>

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However, despite being restricted to crypto at launch, nearly all of the functions available on the existing locations will be offered for users within the U.S. And alongside its trading platform it's also launching it's digital multi-signature eToro wallet, which users have the ability to store, send and receive many coins across a myriad of crypto currencies. </p>

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With accounts with eToro customers' accounts U.S. users can transfer cryptocurrencies into and from their trading account and can easily convert between them in addition. The wallet will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company plans to add additional currencies soon. </p>

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EToro users are able to make transactions while sharing their trading actions and portfolio performance with the community by allowing users to debate ideas that are executed using real dollars </p>

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The expansion plan, however, does not have a low risks. EToro will be entering into a competitive marketplace , alongside famous trading platforms such as Coinbase as well as Robinhood -in addition to launching its solely in the middle of "crypto winter," where widespread instability has plagued the sector. </p>

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A large part of the strategy is related to the fact that crypto has a lower cost from a licensing point of view compared the other types of asset within the strict and highly fragmented U.S. regulatory environment. ​https://www.click4r.com/posts/g/3679360/how-to-buy-bitcoin of eToro's is also deeply rooted in the firm's belief in the enormous market potential that is available through the tokenization and tokenization. </p>

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"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 told a interview with TechCrunch?. </p>

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EToro has the long view with their strategy and hasn't been impacted by the current crypto weakness. Assia was comparing the market's softness and the dot.com bubble, in which, despite the downturn, Internet still permeated and caused disruption to the economy in long-term. Like technology, Assia as well as eToro believe there will be more than enough space to make multiple winners in the broader crypto ecosystem. </p>

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It was the first market that supported Ethereum and Ripple and is confident that as similar currencies and the new generation of investors get older, eToro will be there to support any time and any way that they need. </p>

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"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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