Twitter Partners With EToro, To Allow Users Trade Stocks, Crypto

image-Twitter Partners With EToro, To Allow Users Trade Stocks, Crypto

April 17, 2023

This new function will enable users to buy and sell stocks and other assets through eToro as well as watch market charts on a wider variety of financial instruments.

Through its collaboration with eToro, Twitter has formally authorized trading in both cryptocurrencies and stocks. Additionally, the action comes after word of the two companies’ relationship surfaced earlier this week. Initially, enabling the monitoring of current stock and cryptocurrency prices.

“As we’ve grown over the past three years immensely, we’ve seen more and more of our users interact on Twitter (and) educate themselves about the markets,” Yoni Assia, eToro’s CEO, was quoted as saying.

“There is very high-quality content, real-time content on financial analysis of companies and what’s happening around the world. We believe this partnership will enable us to reach those new audiences (and) connect better the brands of Twitter and eToro,” he added.

Moreover, the report said that with the eToro partnership, Twitter cashtags will be expanded to cover far more instruments and asset classes.

source: Esquire

The integration of the digital asset industry and the social media platform has been slowly building. Specifically, the platform initially launched a feature in December that allows users to search for a tick or coin symbol to observe prices. Consequently, enabling stock trading is the latest development of those efforts.

Prior to its enabling, it was possible for users to observe real-time trading data from TradingView through eToro’s Cashtag feature. Moreover, the report notes that the collaboration is hoping to integrate a host of various asset classes into the Twitter platform. Additionally, the integration points towards Musk’s eventual development of the platform beyond its social standing.

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