{"id":47797,"date":"2023-04-13T09:07:48","date_gmt":"2023-04-13T13:07:48","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=47797"},"modified":"2023-04-13T09:22:47","modified_gmt":"2023-04-13T13:22:47","slug":"twitter-and-etoro-partner-to-offer-stocks-and-crypto-on-platform","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/twitter-and-etoro-partner-to-offer-stocks-and-crypto-on-platform\/","title":{"rendered":"Ad-Free Twitter? eToro Partnership Spurs Revenue Diversification Hopes"},"content":{"rendered":"\n

Twitter and eToro team up to offer stocks<\/a> and crypto on platform, giving users real-time access to financial assets.<\/p>\n\n\n\n

\"Ad-Free<\/figure>\n\n\n\n

The story was first reported by CNBC <\/a>before being confirmed by eToro's official Twitter account\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. <\/p>\n\n\n\n

This latest move by Twitter is in line with CEO Elon Musk's<\/a> vision of transforming Twitter into an all-in-one app<\/use><\/svg><\/span><\/a>. Musk wants crypto-functionality on Twitter payments, and eToro partnership is a step toward the goal.<\/p>\n\n\n\n

Yoni Assia, CEO of eToro, believes that this collaboration will help his company connect better with Twitter's users and audiences. Users can access real-time prices for various assets and invest through the eToro platform.<\/p>\n\n\n\n

From April 13th, Twitter users can invest in various financial assets via eToro, benefiting both companies. Twitter's offerings will expand with eToro gaining access to its user base.<\/p>\n\n\n\n

Twitter has been making significant changes in recent months, with the company renaming itself X Corp<\/use><\/svg><\/span><\/a> after merging with a shell company with that name. Twitter seeks to diversify revenue beyond ads with eToro partnership.<\/p>\n\n\n\n

As the world increasingly turns towards digital assets, this partnership could position Twitter and eToro as leaders in the space.<\/p>\n\n\n\n

eToro's earnings from crypto trading nearly halved in 2022<\/h3>\n\n\n\n

According to eToro's financial report for the year 2022, the amount of trading commissions made from cryptocurrency trading decreased dramatically. eToro generated roughly two-thirds of its commissions in 2021 from cryptocurrency trading.<\/p>\n\n\n\n

Last year, though, that percentage plummeted to 19%. Meron Shani, CFO of eToro, admitted<\/use><\/svg><\/span><\/a> that markets are cyclical and reassured consumers that the company was unaffected by the liquidity concerns that plagued many in the crypto sector.<\/p>\n\n\n\n

eToro planned to go public with a lower SPAC merger of $8.8B in 2022 but couldn't due to changing market conditions.<\/p>\n\n\n\n

However, the company's user base has continued to expand, growing from 27 million to 31.4 million members.<\/p>\n","protected":false},"excerpt":{"rendered":"

Twitter and eToro team up to offer stocks and crypto on platform, giving users real-time access to financial assets. The story was first reported by CNBC before being confirmed by eToro’s official Twitter account . This latest move by Twitter is in line with CEO Elon Musk’s vision of transforming Twitter into an all-in-one app. […]<\/p>\n","protected":false},"author":44,"featured_media":47804,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,11401],"tags":[132,1526,223,916,482],"class_list":["post-47797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","category-stories","tag-crypto","tag-digital-assets","tag-elon-musk","tag-etoro","tag-twitter"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/04\/etoro.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/47797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=47797"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/47797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/47804"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=47797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=47797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=47797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}