Will Twitter help eToro trade cryptocurrencies?

Twitter recently partnered with eToro to make it easier for social media users to trade cryptocurrencies. Cryptos with strong social media followings, especially Bitcoin, could see the biggest impact. The downside is that Twitter could make it easier for speculative meme coins and other low-quality cryptos to gain momentum on social media.

Will Twitter increase crypto trading volume?

By some estimates, there are 4.7 million searches each day on Twitter for companies and cryptos using the social media platform's "cashtags" feature. Even if crypto only accounts for about 20% of those searches, that's still 1 million searches per day. That could increase crypto trading volume significantly.

Will eToro change the world of crypto trading?

When Twitter users see others tweeting about a particular cryptocurrency, they can essentially just hit a button and they will be transferred to the eToro platform to make a trade for that crypto. The move has the potential to shake up the world of stock and crypto trading.