Twitter partnership created a ‘symbiosis,’ says eToro CEO | Bitcoin Miami 2023

The financial service provider eToro and Twitter recently announced a partnership, which allows users on the social network platform to trade cryptocurrencies and stocks. 

This development follows a statement made by former Twitter CEO Elon Musk who said he wants to make Twitter “the biggest financial institution in the world.”

Cointelegraph sat down with Lule Demmissie, the CEO of eToro, at Bitcoin Miami 2023 to understand what a social network and social trading platform integration can mean for the future of digital finance.

Cointelegraph reporter Joe Hall with eToro CEO Lule Demmissie at Bitcoin Miami 2023. Source: Cointelegraph

Demmissie said it “made sense” that one of the world’s largest social network platforms would partner with a social trading platform. Now, when users obtain financial news and updates on securities, ETFs or other assets they can choose to “practice, engage or trade.”

“The symbiosis is really sort of like converse, learn, practice, invest.”

Already, Twitter’s “cashtags,” which allow users to view real-time trading data, have garnered half a billion search hits on the platform. 

Related: Paraspace NFT protocol co-founder resigns after failing to overthrow CEO

The eToro CEO said the company has a “holistic” approach to the crypto ecosystem, not favoring one type of asset class over another. She said that diversification is important both “at the instrument level as well as the asset class level.”

Demmissie also highlighted that digital assets can be “transformative” in nature if they are “allowed into our lives.” 

“What’s fascinating about digital assets is that you become both the beneficiary and the product. It’s a really transformative way of thinking about justice and capital formation – benefiting from the same thing that you feed.”

However, she also pointed out that as digital assets become more available, the need to have better self-regulation practices increases. Particularly to take from the “lessons of the last two years,” and not “misdiagnose” those lessons. 

Magazine: Bitcoin glory on Chinese TikTok, 30M mainland users, Justin Sun saga

All Dutch and English crypto news!

Bitcoin whale watching is ‘useless’ for information — Traders

Bitcoin whale watching is “good for social media” but not for valuable analysis, according to traders.

Binance co-founder beseeches Elon Musk to address cryptocurrency scams on X

According to Yi He, “a significant amount of money” was lost when X.com users were tricked by an impersonation scam.

Musk promises ban on Apple, Greenpeace calls for Bitcoin’s PoS, and other news: Hodler’s Digest, June 9-15

Elon Musk threatens to ban Apple devices if they integrate with ChatGPT, Greenpeace calls for a shift in Bitcoin’s consensus mechanism, and more.

Whale Activity Propels Rebel Satoshi (RECQ) Presale Amid Slumping Prices for Polygon (MATIC) and Arbitrum (ARB)

TLDR Despite a recent surge, experts have an overall bearish outlook on Polygon (MATIC). Arbitrum (ARB) dipped slightly over the past few days. Experts have begun to...

Beste exchanges

Koop je crypto bij Bitvavo