Twitter will open access to cryptocurrency through the eToro brokerage

The new feature will also allow viewing market charts on an expanded range of financial instruments, buying and selling stocks and other assets

13.04.2023 - 09:40

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2 min

What’s new? Starting April 13, Twitter’s social networking app will launch a new feature that will allow viewing charts on an expanded range of financial instruments, buying and selling stocks and other assets, including cryptocurrencies, through the brokerage eToro, CNBC reports. Since December 2022, the social network has been available to view real-time charts of indices, stock prices, and some cryptocurrencies, including BTC and ETH. This data is provided by TradingView, a technical analysis platform.

CNBC’s material

What else does the publication report? Brokerage eToro is also using TradingView as a market data partner. On Twitter, in order to view them, it is necessary to put a ticker symbol with a dollar sign (for example, $BTC) in the search line; the function is called cashtag. According to eToro’s representative, thanks to the partnership, the cashtags function will be expanded to cover many more instruments and asset classes and will allow moving to the brokerage’s website to trade.

Since the beginning of 2023, the cashtags search function has been used more than 420 million times, with an average of 4,7 million requests per day.

eToro CEO Yoni Assia noted the growing popularity of Twitter for up-to-date trading information.

eToro is an online trading platform founded in 2007. It has its own mobile app and offers various asset classes, including cryptocurrencies, stocks, and index funds, and has a copy-trading feature that allows one to copy other users’ trading strategies. Its members can connect with each other through social services and undergo educational programs. It has an audience of 32 million users in the US, Europe, and Asia.

From April 3 to April 7 Musk used the image of a dog of the Shiba Inu breed, which is the mascot of the meme token Dogecoin (DOGE), as the logo of Twitter. On April 4, the DOGE rate jumped by 67,9%, but the asset’s price dropped by 10% as a result of the reversion to its previous logo.

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