By Olivia Nnorom
Twitter has partnered eToro, a social trading and multi-asset investment company that focuses on providing financial services, to allow its users access and trade stocks, cryptocurrencies, and other financial assets.
The new feature, rolled out on Thursday,is expected to advance Twitter’s current cashtag feature.
Confirming the partnership in a tweet;eToro tweeted, “very excited to be launching a new $cashtag with twitter, which will enable twitter users to see real-time prices for a much wider range of stock, crypto $ other assets as well as having the option to invest through eToro”.
Twitter users were earlier able to view real-time trading data from markets-charting platform TradingView, but only on some assets such as the S&P 500 index and shares of certain companies such as Tesla (TSLA.O). Now, through eToro, they can view crypto assets with an added option to invest.
Through this new partnership with eToro, users can now make use of eToro’s market charts on a range of financial investments, simply by searching for the relevant cashtag usually by putting a “$” sign in front of the ticker, like $TSLA for Tesla stock.Afterwards, a chart appears, reflecting the asset’s 24-hour price performance along with a link that says “View on eToro” where users can then view more in-depth market information and purchase the asset, along with other assets offered by the platform.
Since acquiring Twitter for $44 billion in late October 2022, Elon Musk, Twitter CEO has brought about a series of changes to the microblogging website, including rolling out a subscription-based plan for verified users and executing mass layoffs.Musk stated that the goal is for the app to become the biggest financial institution in the world.
