Twitter established a partnership with the social trade platform eToro to allow asset trade for Twitter users.
Twitter is a giant social media platform. In Q4 2022, Tesla CEO Elon Musk acquired Twitter as a private company. Under the leadership of Musk, Twitter brought several changes in the Twitter app & also planned to bring almost all kinds of services within the Twitter ecosystem, so that Twitter users can use Twitter as an all-rounder digital service platform.
On 13 April 2023, CNBC reported that Twitter established a partnership with eToro to allow stock & crypto assets trading for Twitter users via the Twitter app directly.
The report noted that under the eToro partnership, Twitter users will be able to see particular financial assets on eToro within the Twitter ecosystem, and further clicking will allow the users to trade that asset.
Yoni Assia, the Chief Executive Officer (CEO) of eToro, said that eToro’s services grabbed huge popularity & reach in the world over the three years and the eToro firm is happy that they are now in partnership with giant social media platform Twitter to expand reach within new audiences.
Assets price index on Twitter
In Dec 2022, the Twitter platform added support for all the flagship financial assets, stock assets & crypto assets, to allow Twitter users to see the price of any financial asset on Twitter without any need to visit other websites.
Recently Twitter CEO Elon Musk allocated significant amounts of funding to AI technology development, to make Twitter’s ecosystem more intelligent & responsive.
In January of this year, reports confirmed that Twitter engineers were integrating fiat & as well as crypto payment system in Twitter’s source code and also confirmed that Twitter will release crypto payment support in the future, on behalf of regulatory clarity.