Twitter and eToro let users to check real-time pricing and invest in assets using $Cashtags. The agreement will increase $Cashtags with live price charts and allow users to invest in assets.
Users will now be able to buy bitcoin using eToro when searching for $BTC on Twitter.
eToro and Twitter collaborated to allow users to view real-time prices and invest in assets using $Cashtags. Currently, only a few financial assets have live price charts available to users. eToro’s partnership will greatly expand the number of $Cashtags with live price charts. The agreement also offers users the ability to invest in assets using $Cashtags.
A press release states that the expansion will be “hugely” significant. Users can link to eToro’s platform to access more information about the asset. The partnership also offers users the option to invest in the asset. The collaboration will include $Cashtags for a variety of eToro platform instruments, including Bitcoin.
According to a press release, more than 420 million searches for $Cashtags have been made since Twitter incorporated pricing data for the feature in December 2022. According to the press statement, there are 4.7 million $Cashtag searches daily on average, and traffic spikes around significant earnings releases. The most frequently used symbol was Tesla’s $TSLA ($Cashtag), with $BTC ($Cashtag) ranking fifth.
Financial content on social
eToro CEO and co-founder Yoni Assia says social media financial information has educated those who were excluded by traditional means. Millions of everyday investors use Twitter every day to get financial news, share knowledge, and interact. It has become an essential part of the retail investing community.
Chris Riedy, vice president of global sales and marketing at Twitter, remarked that “we believe real change starts with conversation and finance and investing is a growing part of that conversation.” “We are happy to collaborate with eToro to give Twitter users more access to financial tools and market data. Twitter will keep spending money to expand the #FinTwitter community.