Twitter partners with eToro to let users trade stocks, crypto as Musk pushes app into finance

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Twitter, the social media giant that recently merged with Elon Musk’s X Corp., has announced a new partnership with eToro, the leading global platform for investing in stocks, cryptocurrencies and other assets. Starting Thursday, Twitter users will be able to access eToro’s services directly from the app, without leaving the Twitter interface.

This move is part of Musk’s vision to transform Twitter into an “everything app”, inspired by Tencent’s WeChat, which offers a variety of features and services to its users in China. Musk has said that he wants to create a platform that does everything, from messaging and video chat, to gaming and shopping, to banking and investing.

eToro, which was founded in Israel in 2007, is one of the leading online trading platforms in the world, with more than 32 million registered users across Europe, Asia and the United States. The platform allows users to trade stocks, cryptocurrencies, index funds and other assets, as well as copy the trading strategies of other users through its popular CopyTrader feature.

Twitter partners with eToro is a significant step towards achieving this goal, as it will allow Twitter users to tap into the growing popularity and potential of crypto and stock trading. eToro is one of the largest and most trusted platforms for investing in digital assets, with over 32 million registered users worldwide. It offers a range of products and tools for traders of all levels, from beginners to experts.

eToro’s CEO Yoni Assia said that he was excited to partner with Twitter and X Corp., and that he believed that this collaboration would benefit both companies and their users. “We share a common vision of democratizing access to financial markets and empowering people to take control of their financial future,” he said. “By integrating our platform with Twitter, we are making it easier and more convenient for millions of people to invest in the assets they are passionate about.”

Twitter’s CEO Elon Musk said that he was impressed by eToro’s innovation and leadership in the crypto space, and that he was looking forward to working with them to create a seamless and engaging experience for Twitter users. “eToro is a pioneer and a leader in the crypto industry, and we are thrilled to partner with them to bring their services to our platform,” he said. “We believe that this partnership will create new opportunities for our users to learn, connect and trade in the world of crypto and stocks.”

The partnership will also enable Twitter users to follow eToro’s official account (@eToro) on the app, where they can get updates, insights and tips from eToro’s team of analysts and experts. Additionally, users will be able to join eToro’s social trading community, where they can interact with other traders, copy their strategies, and share their ideas.

The partnership between Twitter and eToro is expected to launch on Thursday, April 20th, 2023. Users who sign up for eToro through Twitter will receive a $10 bonus on their first deposit of $100 or more. If you use my referral link to sign up, you’ll get a $50 bonus when you make your first deposit! Users who already have an eToro account will be able to link it with their Twitter account and access it from the app.

Related article : How to open and trade in eToro

To start trading on eToro via Twitter, users will need to update their app to the latest version and look for the eToro icon on the bottom menu. From there, they will be able to sign up or log in to eToro, browse through the available assets, and place their orders. Users will also be able to view their portfolio, track their performance, and withdraw their funds from the app.

The partnership will enable Twitter users to access market data and trade on eToro directly from the Twitter app, using the $Cashtag feature.The $Cashtag feature lets users search for a ticker symbol with a dollar sign in front of it, and see real-time price information from TradingView, eToro’s market data partner. For example, typing $AAPL will show the current price of Apple shares. Users can also click on a button that says “view on eToro” and be redirected to eToro’s website, where they can sign up or log in to their account and start trading.

Twitter’s partnership with eToro is a bold move that could change the landscape of social media and finance. By combining the power of social networking with the potential of crypto and stock trading, Twitter is aiming to create a platform that offers everything its users need in one place. Whether this strategy will pay off remains to be seen, but one thing is certain: Twitter is not afraid to take risks and innovate.

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