Twitter is preparing to allow its users to access the stocks, cryptocurrencies and other financial assets through a partnership with the trading platform eToro. From Thursday, a new feature will be introduced on the Twitter app, allowing users to view market charts on a wider range of financial instruments and buy or sell stocks and assets from eToro.
The partnership will allow the display of prices in real time and facilitate investment
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Currently, users can view real-time trading data from TradingView on index funds such as the S&P500 and actions of companies such as You’re here using the feature “cashtags” of Twitter. By searching for a stock symbol preceded by a dollar sign, the app displays price information from TradingView via an API (application programming interface). THE partnership with eToro expand Twitter cashtags to cover more instruments and asset classes, according to an eToro spokesperson.
Users will be able to click a button that says “see on eToro“, which will direct them to the eToro site, where they can buy and sell assets on the platform.
eTorofounded in Israel in 2007, is an online broker that allows users to buy and sell stocks, cryptocurrencies and index funds. It has more than 32 million registered users in Europe, Asia and the United States.
Elon Musk pushes the finance aspect on Twitter
THE partnership with eToro marks a rare and significant business deal for Twitter sinceElon Musk became CEO after buying the platform for $44 billion last year. Musk has expressed his desire to turn Twitter into a “great app” offering financial services in addition to the full paraphernalia of one of the main social networks.
Musk’s ambition to turn Twitter into a “great app” involves offering users a variety of services such as instant messagingthere bank and the trips. This concept has had considerable success in East Asia, with Tencent providing payments through its messaging app WeChat in China.
Recently, according to a court filing, Musk changed the company name Twitter For X Corp after merging with a company of the same name, another move highlighting his ambition to transform the company into a great app. Weeks before completing his acquisition of Twitter, Musk had tweeted that buying the company was a “accelerator to build X, the all-in-one app.”
At a conference of Morgan Stanley last month, Musk expressed his wish to see Twitter become “the largest financial institution in the world.”
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