Twitter Could Soon Enable Trading Stocks, Bitcoin As Elon Musk Reportedly Inks eToro Partnership

Twitter has reportedly announced a new partnership with eToro that will enable users to view market charts and trade stocks and cryptocurrencies.

What Happened: According to CNBC, the move is part of Elon Musk‘s plan to transform Twitter into a super-app that allows users to access multiple services in one place. 

With the eToro partnership, Twitter’s “cashtags” will expand to cover a more extensive range of instruments and asset classes, according to an eToro spokesperson, CNBC quoted. 

Currently, Twitter cashtags show major cryptocurrencies such as Bitcoin BTC/USD, Ethereum ETH/USD and Dogecoin DOGE/USD. This was in partnership with Robinhood.

Users will also be able to click a “view on eToro” button that takes them directly to eToro’s site, where they can buy and sell assets on the platform. EToro uses TradingView as its market data partner.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

Yoni Assia, eToro’s CEO, said the partnership will allow the company to connect better with the brands of Twitter and eToro, enabling them to reach new audiences. 

"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."

Price Action: At the time of writing,  BTC was trading at $30,106.61, up 0.52% in the last 24 hours, according to Benzinga Pro.

Read More: Ethereum’s Shapella Upgrade Pushes It Higher, Bitcoin, Dogecoin Decline: Analyst Predicts 47% Rally For This Altcoin

Photo: Shutterstock