Twitter will partner with eToro to introduce a new feature allowing users to trade cryptocurrencies and stocks.
According to CNBC, the popular social media platform Twitter will introduce a new feature that will allow users to trade cryptocurrencies and stocks on the app. The feature will be launched through a partnership with the fintech company eToro.
The CNBC newsletter (here) says Twitter users will be able to browse market charts for a wider range of financial instruments. From there, they can buy and sell crypto, as well as several other assets, using eToro.
The new partnership between the social media platform and the fintech company will expand on Twitter’s “cashtag” feature. This feature now allows users to view real-time trading data from TradingView.
Twitter users will be able to browse market charts for a wider range of financial instruments and buy and sell cryptocurrencies and other assets through eToro.
The latest partnership between Twitter and eToro will expand on Twitter’s “cashtag” feature, allowing users to view real-time trading data from TradingView.
Users can access new financial features through the “view on eToro” tab. This tab will take the user to the eToro trading platform. The fintech company founded in 2007 introduced cryptocurrency trading features in 2019 along with crypto wallets.
The latest partnership with eToro is the first notable deal for the social media giant since Elon Musk bought it for $44 billion last year and took over as CEO.
Yoni Assia, CEO of eToro, calls the partnership a perfect match and believes the feature will help bring a new set of users to Twitter.
Earlier, Elon Musk, the CEO of Twitter, also came up with the idea of turning the application into an aggregator platform (all in one). He wants to focus on building an ecosystem that gives users access to many online conveniences in a certain location.
Recently, the news surrounding the logos of Twitter and Dogecoin has attracted the attention of the crypto world. As Interlock reported, on April 4, the Twitter community stirred when the familiar blue bird symbol suddenly turned into the DOGE memecoin logo. The coin’s price quickly skyrocketed by 37%.
However, by April 7, Dogecoin – Elon Musk’s favorite memecoin – had plummeted by nearly 9% after being removed from the Twitter logo.
This move continues to demonstrate Elon Musk’s determination to encroach on the financial sector. Speaking at a Morgan Stanley conference last month, the Tesla boss announced he wanted to make Twitter “the largest financial institution in the world.”
The price of Dogecoin (DOGE) on the afternoon of April 13 suddenly increased sharply because of Twitter’s latest crypto adoption move. DOGE has long been regularly up and down because of news related to Elon Musk, the new owner of Twitter.