
Twitter to let users trade stocks via eToro
April 13, Twitter began offering the ability to trade stocks and other assets. The public ticker page marked with a $ sign will link users to the partner platform — eToro, according to CNBC.
The social network’s developers broadened the range of supported stocks within the asset-price display feature and the TradingView-based charts.
Crypto tickers stopped appearing.
In an interview with Decrypt, platform representatives expressed hope for “a speedy solution to the problem”. After acquisition of the company in November 2022, Elon Musk set himself the task to turn Twitter into a ‘super app’.
“The partnership will allow us to reach these new audiences and better connect the social network’s brands with eToro,” said Yoni Assia, CEO of the latter.
The executive said he expects the collaboration to broaden as the partner increases its focus on finance.
In March at a Morgan Stanley conference, Twitter chief Elon Musk said he wanted to create ‘a very powerful experience’ that would exceed the payments giant PayPal.
The social network’s developers integrated Bitcoin and Ethereum price-chart widgets in December 2022. A month later they expanded this functionality. According to CNBC, the number of relevant search queries per day averaged 4.7 million.
As reported in the Financial Times, Twitter expects regulatory approval in the foreseeable future for payments, including cryptocurrencies.
According to the report, the social platform has filed for a license and is developing the corresponding software. The initiative is being pursued as part of Elon Musk’s plan to turn Twitter into a ‘super app’.
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