Twitter and the online trading and investment platform eToro have joined forces to bring traders and investors real-time information on stocks, shares, cryptocurrencies, and commodities.
Since Elon Musk purchased Twitter in late October for $44 billion, the platform has undergone a number of changes.
Twitter users could previously get real-time trading information via the markets charting platform TradingView, but only for a limited number of assets, including the S&P 500 index and shares of certain corporations, including Tesla.
Cashtags, a Twitter feature released in 2012, will make the trading data available to users by prepending a dollar sign ($) to the ticker, allowing them to interact with information related to the asset.
This new partnership between eToro and TradingView enhances the $Cashtag tool, which previously only covered a select group of equities and cryptocurrencies.
In December, Musk stated that TradingView data on Cashtags was “one of the many product improvements for financial Twitter.”
In response to the news, eToro stated: “The partnership will hopefully see thousands of tickers working as $Cashtags with a route to our platform to learn more. These are being added in a gradual process.”
Users can now get more information about the asset and make an investment on eToro’s platform by clicking on the asset’s name.
According to Twitter, the most popular $Cashtag was $TSLA, followed by $SPY (SPDR S&P 500 ETF) and $BTC.
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