A new wave of financial opportunities has been unleashed through a collaboration between Twitter and eToro.
eToro, a social trading platform, has partnered with Twitter to enable users to directly access stocks, cryptocurrencies, and other financial assets through the platform, according to an article published by CNBC on April 13. The article addresses the forthcoming release of a new feature on Twitter’s mobile app that promises to broaden the range of financial instruments available to users. It also discusses the potential implications of this partnership for Twitter’s future growth.
In its article, CNBC describes how this new feature will allow investors to trade stocks and other assets using eToro’s platform and view market charts for an expanded selection of financial instruments. Twitter currently provides real-time trading data from TradingView for specific index funds and corporations via its “cashtags” function. Twitter cashtags will now cover a far broader range of products and asset classes thanks to the collaboration with eToro.
Users will be able to click a button labeled “view on eToro,” which will take them to the eToro website, where they will be able to purchase and sell assets. TradingView is eToro’s market data partner.
eToro CEO Yoni Assia states his view in the article that the cooperation will assist reach new audiences and enhance the bond between Twitter and eToro brands. This relationship is regarded as a key business breakthrough for Twitter since Elon Musk took over as CEO last year after acquiring the site for $44 billion.
The eToro CEO believes that the relationship between Twitter and eToro would help the platform grow as a “super app” that offers a variety of services such as messaging, banking, and travel.