Cryptocurrencies on Twitter
The new feature will allow Twitter users to instantly see real-time prices for a range of stocks, cryptocurrencies, and other assets by using the $Cashtag feature.
This function already allows to see live price charts of some instruments, with the association with eToro, it will increase the range of assets available, in addition to the fact that users will be able to access the eToro platform to have the option of investing, the firm said in a statement.
“Twitter has become a crucial part of the retail investing community – it’s where millions of everyday investors go every day for financial news, knowledge sharing and conversation,” said Yoni Assia, CEO and Co-Founder of eToro. .
The $Cashtags feature launched in December 2022 and there are an average of 4.7 million searches per day, according to Twitter. The most used $Cashtag was $TSLA (Tesla), $SPY (SPDR S&P 500 ETF) and $BTC (Bitcoin).
