Twitter Joins Forces with eToro to Introduce Real-Time Trading of Stocks and Crypto for Users

Highlights

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• Twitter and eToro have partnered to introduce a new feature on the app that allows users to access real-time prices and trade in stocks, cryptocurrencies and other assets.
• This is a significant development for Twitter, as it marks the social media platform's foray into the world of investing and trading.
• The partnership with eToro, a social trading platform, will enable Twitter users to engage in trading activities directly from the Twitter app.
• Users will be able to make trades in real-time, stay informed with live market updates, and connect with other traders on the eToro platform.
• With this new feature, Twitter is aiming to appeal to a new audience of users who are interested in investing and trading, and create a more engaging user experience.

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If you are a Twitter user who is interested in investing, you may have noticed a new feature on the app that lets you access real-time prices and trade stocks, cryptocurrencies and other assets from eToro, a social trading platform. This is the result of a partnership between Twitter and eToro that was announced on Thursday, April 13, 2023.

What is eToro and how does it work?

EToro is an online brokerage that was founded in Israel in 2007 and has more than 32 million registered users across Europe, Asia and the United States. It offers a variety of financial instruments and asset classes, such as stocks, ETFs, indices, commodities, currencies and cryptocurrencies. One of its most popular features is the copy trading function, which allows users to mimic the trading strategies of other users who they can follow and interact with on the platform.

How can you trade on Twitter with eToro?

To access the trading feature on Twitter, you need to use the cashtags feature, which was launched in 2012 and allows users to search for and view information about an asset by inserting a dollar sign in front of the ticker symbol. For example, if you want to see the price of Tesla stock, you can type $TSLA in the search bar or in a tweet.

With the eToro partnership, you will see an expanded range of financial instruments and asset classes that you can view on Twitter using cashtags. You will also see a button that says "view on eToro", which will take you to eToro's website or app, where you can sign up or log in to your account and then buy or sell the asset on eToro's platform.

Why did Twitter partner with eToro?

The partnership between Twitter and eToro is part of Twitter's vision to become an "everything app" that offers users various services on top of social media. This vision was articulated by Elon Musk, who bought Twitter for $44 billion last year and became its CEO. Musk has said he wants Twitter to become "the biggest financial institution in the world" and to compete with superapps like WeChat in China, which combine multiple functions such as messaging, payments, gaming, media and more.

According to eToro's CEO Yoni Assia, the partnership will help both companies reach new audiences and connect better with their existing users. He said that many eToro users use Twitter to educate themselves about the markets and find high-quality content and analysis in real-time. He also said that Twitter has a large and engaged user base that can benefit from eToro's social trading platform and its diverse offerings.

What are the benefits and risks of trading on Twitter with eToro?

Trading on Twitter with eToro can offer some benefits for users who want to access real-time prices and trade a wide range of assets from one app. It can also provide users with social interaction and learning opportunities from other traders on eToro's platform. Moreover, it can save users time and hassle by not having to switch between different apps or websites to trade.

However, trading on Twitter with eToro also comes with some risks that users should be aware of. First of all, trading involves risk of losing money and users should only trade with money they can afford to lose. Second, users should do their own research and due diligence before making any investment decisions and not rely solely on information or opinions they find on Twitter or eToro. Third, users should be careful about security and privacy issues when linking their Twitter account with their eToro account or when sharing their personal or financial information online.

Conclusion

Twitter has partnered with eToro to let users trade stocks, cryptocurrencies and other assets from its app. This is part of Twitter's ambition to become an everything app that offers various services to its users. The partnership can offer some benefits for users who want to access real-time prices and trade a wide range of assets from one app. However, it also comes with some risks that users should be aware of before trading.