Twitter x eToro Partnership Will Allow Users to Trade Stocks and Crypto
Do you want to trade stocks and cryptocurrencies on Twitter? 🐦 Well, now you can, thanks to a new partnership with eToro, a social trading company that lets you access financial assets from your phone. 📱
In this article, we will tell you everything you need to know about this exciting deal, how it works, and why it matters for the future of Twitter and finance. 🚀
What is the partnership about?
The partnership between Twitter and eToro is a rare and noteworthy business deal for Twitter since Elon Musk took the reins as CEO after buying the platform for $44 billion last year. 💰
Musk has made it his mission to turn Twitter into a so-called “super app” that offers users financial services on top of social media. He even said he wants Twitter to become “the biggest financial institution in the world.” 🌎
As part of this vision, Twitter has partnered with eToro to expand its cashtags feature and let users search for more real-time prices for stocks, crypto, and other financial assets. 💹
Furthermore, users will now have the option to go to the eToro site directly from Twitter and invest in the asset they looked up. eToro uses TradingView as its market data partner. 📊
How does it work?
The new feature is already live on the Twitter app. It works like this:
- You search for a ticker symbol and insert a dollar sign in front of it, for example $TSLA or $BTC.
- The app will show you a price chart from TradingView with an option to view more details on eToro.
- If you click on “view on eToro,” you will be taken to eToro's platform, where you can buy and sell stocks and crypto with a few taps.
- You can also follow other traders, copy their strategies, and learn from their insights.
eToro is an online brokerage that lets you buy and sell stocks, cryptocurrencies and index funds. It has more than 32 million registered users across Europe, Asia and the United States. 🌍
Why does it matter?
This partnership matters because it shows how Twitter is evolving into a more versatile and powerful platform that can offer users more than just social media. 🙌
By integrating with eToro, Twitter is giving its users access to a wide range of financial assets, including stocks and crypto, which are becoming more popular and mainstream every day. 🚀
This could attract more users to Twitter, especially those who are interested in finance and investing, and create more engagement and revenue for the platform. 💸
It could also help eToro reach new audiences and grow its user base, as well as enhance its reputation as a leading social trading company. 🏆
The Bottom Line
The partnership between Twitter and eToro is a big step towards making Twitter an “everything app” that can offer users financial services on top of social media. 🙌
It allows users to trade stocks and crypto directly from the Twitter app, using eToro's platform as a gateway. This could create more value and convenience for both platforms and their users. 💯
If you want to try it out yourself, just search for a cashtag on Twitter and see what happens. You might be surprised by how easy and fun it is to trade stocks and crypto on Twitter. 😊
Sources:
- Twitter to let users access stocks, crypto via eToro in finance push – CNBC
- Twitter users can now trade stocks on the platform – sort of – The Register