Cryptocurrency

Twitter Partners With eToro: Paving The Way For Crypto Mainstream Adoption?

Twitter users are now able to access real-time data on eToro.

According to CNBC, Twitter has partnered with eToro, allowing users to access real-time market data on the social trading and investing platform.

The new feature enables users to see real-time prices and provides access to various financial instruments and assets, including stocks and cryptocurrencies.

eToro is a multi-asset investment platform renowned for its copy-trading service, allowing investors to replicate the strategies of top-performing public traders.


More Access for eToro Customers

In addition to stocks and cryptocurrencies, the new feature unlocks access to other financial instruments and assets. eToro is a multi-asset investment platform known for its copy-trading service, allowing investors to replicate top-performing public traders.

To perform this feature, users can type $Cashtags, and the app will show the real-time stock price or crypto price. For example, to check the price of Bitcoin, you can type $BTC, or to view Tesla’s price, you can type $TSLA.

In December last month, Twitter reportedly enabled chart displays for Bitcoin and Ethereum, in addition to price charts of the S&P 500 and stock prices of some companies, including Tesla.

The charts resulted from keyword searches “cashtag,” “$coin,” or “#coin,” which came from Trading View’s data.

The new partnership with eToro will enhance the capabilities as Twitter users can now track and monitor market data from multiple instruments and asset classes. Users can also click the “view on eToro” button and navigate the eToro platform to trade and invest.

The move marked a massive deal for both Twitter and Elon Musk. Since Musk took over the social empire, speculations about Twitter’s makeover have been around, with some shedding light on the potential integration of Dogecoin into Twitter.

Speaking with CNBC, Yoni Assia, eToro’s CEO, said the increasing number of users interacting on Twitter to learn about the market over the past three months presented an opportunity.

Assia added:

“There is very high-quality content, real-time content on financial analysis of companies and what’s happening around the world. We believe this partnership will enable us to reach those new audiences [and] connect better the brands of Twitter and eToro.”


Bring Crypto To The Masses

The cryptocurrency industry has experienced rapid growth recently, and Twitter has been at the forefront of this revolution. It has become a hub for the crypto community, providing a one-stop destination for crypto enthusiasts, NFT collectors, market analysts, and new investors to stay up-to-date with the latest trends, news, and developments in the industry.

Under Musk’s leadership, Twitter aims to revolutionize how we use social media by transforming it into a super-app offering an array of services beyond just tweeting.

Musk’s vision for Twitter is to create a platform combining the functionality of multiple apps into one, making it easier for users to access all the services they need without switching between different applications.

This includes instant messaging, banking, travel, and much more.

The recent change in Twitter’s corporate name to X Corp and the integration of a shell company with that name highlights Musk’s commitment to making Twitter a super-app. This move will help to consolidate

Twitter’s position as a significant player in the tech industry and pave the way for new and innovative features to be added to the platform.

Last week, Twitter made headlines again when it changed its logo from the iconic blue bird to the Shiba Inu with the exact figure of the Dogecoin logo.

The move caught the crypto community’s attention and sent the price of $DOGE soaring by 37% before retracting. While the change was short-lived, it demonstrates Twitter’s ability to impact the crypto market and the power of social media as a driving force in the industry.

Dogecoin has again benefited from the news – $DOGE surged by 4.98% shortly after the partnership announcement.

The post Twitter Partners With eToro: Paving The Way For Crypto Mainstream Adoption? appeared first on Blockonomi.

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