Why Twitter is working with eToro？

Elon Musk's acquisition of Twitter rarely makes headlines and is always controversial。

However, Musk always wanted to turn Twitter into a super app, or a one-stop shop for users with multiple services in one app, a concept that has proved hugely popular in China.。

Collaboration within eToro is a stepping stone to this goal。

Musk is known to be a fan of cryptocurrencies, while eToro has a well-established and widely acclaimed franchise in the retail cryptocurrency trading space.。

eToro has also been at the forefront of social trading and is one of the world's largest follow-up brokers.。

When will the new service go online?？

The new partnership went live today with additional features on Twitter's app.。

Once installed, Twitter users can view charts and trade directly from the social media platform.。

Twitter users can already use so-called cash tags to find the price of selected financial instruments, such as entering "$TSLA" to query Telsa's price。

Stock trading attracts Twitter users

According to CNBC data, the number of Cashtags searches on Twitter has exceeded 4 since the beginning of 2023..200 million times, averaging about 4.7 million searches per day。

Under the new agreement, Twitter users will be able to access a wide range of cash tags, or choose to trade through eToro or view more details about securities.。

Speaking about the partnership with Twitter, Dan Moczulski, managing director of eToro's UK operations, said:

"One of Twitter's inherent strengths is sharing breaking news and analysis, so eToro is the right choice to help structure and qualify investment news by providing access to charts and stocks in this partnership."。"

There have been a lot of problems since Elon Musk bought the Twitter business, but Twitter remains a social media giant and the tool of choice for non-professional traders and investors to access breaking news, information and opinions on the financial markets.。

For traders, the cooperation between eToro and Twitter and the further use of TradingView by both sides are of great significance, like a template for future cooperation within fintech, making rival companies sit up and take notice.。