- Twitter enables crypto and stock trading with eToro.
- Twitter already has a cashtag feature.
The prominent microblogging site Twitter rolls out new features that support stocks and crypto trading in collaboration with eToro. The new function will launch on the Twitter app on Thursday, April 14, according to a CNBC report. Users can trade stocks, crypto, and other assets directly via the social media platform.
Tesla CEO Elon Musk acquired Twitter for an eye-watering $44 billion. A few months later, Musk claimed that the platform was only worth 50% of what he paid for it. Also recently, he stated that owning Twitter is “quite painful.”
Currently, Twitter has a “cashtag” feature that enables TradingView’s real-time trading data for index funds like the S&P 500 and some stocks, including Tesla. Users can search for the stock with that ticker symbol on Twitter by adding a dollar sign in front of it. The app will then display price information from TradingView using an API.
However, through the Twitter-eToro partnership, the “cashtag” feature will grow to include more tools and asset classes, including cryptocurrency trading. Also, Twitter would direct users to the eToro website.