Social investing platform eToro is set to offer trading services of crypto and other assets directly to Twitter users. They announced on Thursday 13th April, this shall be possible via a new partnership with the social media company. The features will show real-time pricing for cryptocurrencies, equities, and other assets to Twitter users.
TradingView now provides real-time trading data for index funds such as the S&P 500 as well as stocks such as Tesla. You look for a ticker symbol and put a dollar sign in front of it, and the software uses an API (application programming interface) to bring you pricing information from TradingView. It shall show the asset prices for the last 24 hours. You’ll also be able to click a button labelled “view on eToro,” which will lead you to eToro’s website, where you may buy and sell assets on its platform. TradingView is EToro’s market data partner. Twitter cashtags will be expanded to encompass even more instruments and asset classes as a result of the eToro collaboration.
eToro, which was founded in Israel in 2007, is an online brokerage that allows users to buy and sell stocks, cryptocurrencies, and index funds. One of its most popular features is the ability to emulate the trading techniques of other users. According to Assia, the corporation has more than 32 million registered users spanning Europe, Asia, and the United States.
While users looking for a $Cashtag sign on Twitter already view live price charts for a limited number of financial instruments, the cooperation with eToro will “hugely” increase that selection. Despite claims that cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin will be included in the integration, the social media platform is yet to provide these features. When looking for a range of crypto cashtags on the platform, nothing emerges.
“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.”
Long before acquiring the social media network, Twitter CEO Elon Musk was an outspoken supporter of cryptocurrencies. The collaboration is a rare and significant economic transaction for Twitter since Elon Musk took over as CEO after purchasing the network for $44 billion last year. The growth of $Cashtags corresponds to Twitter owner Elon Musk’s efforts to incorporate financial services into the platform as part of his plans to build a “super app.”