Twitter Partners with eToro: Good for crypto?

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Twitter Partners with eToro: Good for crypto?

After the icon replacement with the DOGE, which has already been reversed, Twitter has partnered with fintech platform eToro to allow users to access a wider range of financial assets, including stocks and cryptocurrencies, on their beloved social media platform. By doing this, the Twitter app will expand its financial authority, something crypto enthusiasts have seen since the rise of crypto.

What is the new Twitter feature?

The new Twitter feature will present users with the opportunity to access stocks, cryptocurrencies, and other financial assets via the Twitter app, available starting from April 13th. This way, Twitter’s cashtags ($) feature will cover a broader range of instruments and asset classes, enabling users to buy and sell stocks and other assets directly from eToro.

Why does twitter do this? 

According to some, the partnership will enable the fintech company to reach new audiences and connect better with the financial public who already use Twitter on a daily basis for all things related to financial news. Market trends and financial analysis can now be done without leaving a single platform.

What is the potential impact on the cryptocurrency market?

This integration of eToro’s financial instruments and Twitter’s direction towards a more financial market community platform, along with Elon Musk’s stance on cryptocurrency as a whole, could definitely lead to more mainstream acceptance of cryptocurrencies. Subsequently, this could lead to an increase in demand and push up crypto prices even further. Are you willing to bet against Elon Musk and do you think this is just a fad? We would like to see what happens with Twitter now that a crypto enthusiast is the new CEO.

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