Twitter will allow users to trade stocks and cryptocurrencies as part of a new deal with social investment company eToro, CNBC reported. informed of Thursday, the latest step toward achieving owner Elon Musk’s grand vision of turning the platform into a versatile “everything app” in the vein of Chinese behemoth WeChat.
Twitter will allow its users to view market charts and buy and sell stocks, cryptocurrencies and other assets from eToro through its mobile app, the social trading platform told CNBC.
eToro said the partnership will expand the type of live trading data available to Twitter users, who already have access to some live data, and showcase a wider range of financial instruments and asset classes.
Twitter will also give users the option to buy and sell stocks, cryptocurrencies and other assets at the click of a button.
The button, labeled “View on eToro”, will take users to eToro’s platform where they can buy or sell assets.
eToro CEO Yoni Assia told CNBC that the deal would help better connect the two brands, adding that in recent years its users have increasingly turned to Twitter to “educate themselves about the markets.” have turned to
Assia said there is “very high quality” content available in real time and that the partnership with Twitter will help eToro reach new audiences by tapping into it as a source of information.
Musk, who bought Twitter last year for $44 billion, has been open to turning the social media company into an “everything app”. These app, especially China’s WeChat, are ubiquitous in Asia but have struggled to make inroads elsewhere, something Musk hopes to change. They are like a digital Swiss army knife and combine the functionality of various apps in one, including ride hailing, financial services, chat, media, gaming, food delivery and investments. Musk has ambitious plans for his superapp, “X,” and he’s previously said Wants It will be the world’s leading financial institution. Twitter’s incorporated name was Silent in early April Changed to X Corp
$185 billion. He Musk’s estimated net worthAccording to Forbes’ real time tracker. Major chunks of his wealth are linked to electric car maker Tesla, as well as rocket firm SpaceX, tunneling firm The Boring Company and brain interface company Neuralink.
Twitter partners with eToro to let users trade stocks, crypto, Musk pushes app into finance (CNBC)
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