According to a report by CNBC, the social media company may soon introduced a new feature called ‘Cashtags’. The feature will enable users to view market charts on several financial instruments. With this feature, Twitter users will also be able to buy and sell stocks or other assets from eToro search.
How this feature will work
TradingView is a platform where users can view real-time trading data on index funds like the S&P 500 and share info of some companies including Tesla. As per the report, the Cashtag feature will allow Twitter users to search for a ticker symbol and insert dollar sign in front. This will help users to see the price information from TradingView using an API (application programming interface).
An eToro spokesperson has said that this partnership will help Twitter to expand Cashtags to cover more financial instruments and asset classes. The report also mentions that this feature has already started rolling out on the Twitter app.
What is eToro
eToro is an online brokerage platform that allows users to buy or sell stocks, cryptocurrencies and index funds. The company was founded in 2007 and its platform can mimic the trading strategies of other users, the report adds. eToro’s CEO, Yoni Assia has claimed that eToro has more than 32 million registered users across Europe, Asia, and the US.
Assia also said, “As we’ve grown over the past three years immensely, we’ve seen more and more of our users interact on Twitter (and) educate themselves about the markets.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.”