Twitter Partners With eToro to Let Users Trade Stocks and Crypto
In Brief
Twitter and eToro partner to introduce “cashtags.”
The new feature Twitter allows users to see real-time market data and buy and sell stocks and crypto.
Twitter is partnering with eToro to allow its users to trade cryptocurrencies and stocks directly on the social media platform.
In October 2022, the entrepreneur behind Tesla, SpaceX, and PayPal, Elon Musk, acquired Twitter for $44 million. Musk had shared his plans to make Twitter a “super-app,” which would combine financial services and social media features.
Thanks to the new partnership, the social trading platform eToro will enable Twitter users to access stock, crypto, and other financial assets. The updated application allows individuals to view market charts of various financial instruments, including real-time trading data from TradingView. To visualize the information, users need to activate the new “cashtags” feature by typing a dollar sign and inserting a ticker symbol after it. In addition, individuals can click the button “view on eToro,” which brings them to eToro’s website. On a side note, the companies reportedly plan to expand “cashtags” to more assets and instruments in the future.
Twitter now also allows users to buy and sell stocks, crypto, and other assets from eToro. The new feature is available on the platform starting on Thursday, April 13.
This is not the first time that Elon Musk adds a crypto-related feature to Twitter. Right after the acquisition, the entrepreneur enabled NFT support for the platform. Last week, Musk changed the famous Twitter bird logo to the Doge one, causing Dogecoin to gain 30% in value.
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About The Author
Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at valerygoncharenko@mpost.io
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Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at valerygoncharenko@mpost.io
