Twitter Enables Stocks and Crypto Trading on Its Platform, Issues Step-By-Step Action
- Twitter has enabled crypto and stocks-trading feature on its platform to allow users access to global stocks
- The company is partnering with eToro, a crypto and stocks trading platform
- The company said users can now view financial assets and instruments using the eToro feature on Twitter
Twitter will now let its users access stocks, cryptocurrencies, and other financial instruments via a collaboration with eToro, the social trading platform.
Beginning Thursday, April 13, 2023, a new feature would be added to the microblogging platform to allow users to view market charts on the extended range of financial assets, and buy and sell stocks and other assets from eToro, a CNBC report said.
Source: Getty Images
Twitter already offers crypto and stock trading options
Currently, users can view real-time trading data from TradingView indexes like S&P 500 and companies like Tesla on Twitter using Twitter’s cashtag feature on the platform.
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Users can search for a ticker symbol and insert a dollar sign in front, and the app displays price information on TradingView.
With the new collaboration with eToro, Twitter cashtags would increase to cover more stocks, instruments, and asset classes.
Users can also click a ‘view on eToro’ tab, which takes them through the eToro’s site, and then buy and sell assets on the platform.
According to reports, the partnership marks a meaningful business relationship for Twitter since Elon Musk took over the platform in October last year after completing a $44 billion deal.
Musk steering Twitter toward finance
eToro was founded in 2007 as an online brokerage that allows users to buy and sell stocks, cryptos, and index funds
Among the most used features of eToro is a function that enables people to simulate the trading strategies of other users.
According to the company's spokesperson, the platform has about 32 million users across Europe, Asia, and the US.
Elon Musk merges Twitter with new company, X Corp, to create everything App
Legit.ng earlier reported that According to reports, Twitter, the microblogging platform, no longer exists as an entity as it has been fused with a new company, X Corp.
X Holdings Corp is reportedly the parent company of the privately held firm X Corp.
Reports say a court filing dated April 4, 2023, admitted that Twitter Inc had been merged into X Corp and has ceased to exist.
Source: Legit.ng
