- Twitter has rolled out a feature allowing its users to trade crypto and stocks.
- The social media giant has tied up with eToro to bring the trading features to its users.
- Twitter’s cashtags option has been expanded to let users view market charts and direct them to eToro’s platform.
- The social media site’s foray into crypto led to a 6% hike in DOGE’s price.
Elon Musk’s Twitter has rolled out a new feature to offer crypto and stock trading to its users. The social media giant has tied up with the social trading platform eToro to bring the trading feature to its users. The new feature has been introduced as an expansion to the social media platform’s existing cashtags option.
Twitter’s foray into crypto sends DOGE soaring
According to a report by Bloomberg, Twitter’s partnership with eToro lets its users trade crypto, stocks, and other asset classes. Users are now able to view market charts on an expanded range of financial instruments on the social media site. The new feature has been added to the existing “$Cashtags” option on the platform, which allows the users to browse through real-time trading data and head directly to eToro’s platform in order to buy and sell assets of their choice.
There is very high quality content, real-time content on financial analysis of companies and what’s happening around the world. We believe this partnership will enable us to reach those new audiences [and] connect better the brands of Twitter and eToro.
Yoni Assia, CEO of eToro
Twitter’s new crypto trading feature had a considerable impact on the price of Dogecoin. DOGE, which has previously been associated with the social media giant and its owner Elon Musk, saw a hike of over 6% following the partnership with eToro. The memecoin went from $0.083 to as high as $0.088, reaching its daily high. At the time of writing, DOGE was trading at $0.087.