Stocktwits Opens Cryptocurrency Trading Services to Its Customers

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Stocktwits, a social
 
 buying and selling platform 
based mostly in New York, right now introduced that it’s launching crypto buying and selling on its platform. Stocktwits has partnered with crypto trade FTX US to supply the infrastructure for the buying and selling. The new functionality will allow its customers to make cryptocurrency trades whereas staying on the Stocktwits platform.

The addition of crypto buying and selling on its platform is a part of efforts of the corporate to court docket customers seeking to department out from conventional investments. The growth is poised to meet elevated investor curiosity in various belongings reminiscent of crypto belongings. Stocktwits talked about that it has over 6 million registered customers and reaches greater than 5 million customers month-to-month.

Established in 2008, Stocktwits has traditionally centered on providing U.S.
 
 equities 
by way of social options and information instruments which are designed to encourage discussions between merchants and traders. However, the corporate just lately acknowledged that cryptocurrency has been evolving to turn out to be an enormous a part of the discussions on its platform.

Rishi Khanna, CEO of Stocktwits, talked in regards to the growth and mentioned: “Stocktwits has built an active community since 2008 through our data tools and social features. The community and data have served as a strong on-ramp into the platform, but the addition of execution on the platform is a key product expansion that will help us to better serve our users.”

Related content material

In December, Stocktwits raised $30 million in a Series B funding spherical led by Alameda Research Ventures, a enterprise capital agency, owned by Sam Bankman-Fried’s FTX cryptocurrency trade. The funding pushed the valuation of Stocktwits to $210 million.

Making Equity Investing Accessible to Masses

Just a few years in the past, StockTwits launched a commission-free share buying and selling service for its customers. The transfer mimicked the fast-growing service already provided by commission-free investing app Robinhood, which additionally has zero brokerage charges and has reached over 24 million of its customers. StockTwits launched the fractional buying and selling function which eliminates the limitations that many traders face when making an attempt to spend money on a diversified portfolio of US-listed securities. Many companies at the moment use free or low cost buying and selling providers to draw shoppers to extra worthwhile companies.

Stocktwits, a social
 
 buying and selling platform 
based mostly in New York, right now introduced that it’s launching crypto buying and selling on its platform. Stocktwits has partnered with crypto trade FTX US to supply the infrastructure for the buying and selling. The new functionality will allow its customers to make cryptocurrency trades whereas staying on the Stocktwits platform.

The addition of crypto buying and selling on its platform is a part of efforts of the corporate to court docket customers seeking to department out from conventional investments. The growth is poised to meet elevated investor curiosity in various belongings reminiscent of crypto belongings. Stocktwits talked about that it has over 6 million registered customers and reaches greater than 5 million customers month-to-month.

Established in 2008, Stocktwits has traditionally centered on providing U.S.
 
 equities 
by way of social options and information instruments which are designed to encourage discussions between merchants and traders. However, the corporate just lately acknowledged that cryptocurrency has been evolving to turn out to be an enormous a part of the discussions on its platform.

Rishi Khanna, CEO of Stocktwits, talked in regards to the growth and mentioned: “Stocktwits has built an active community since 2008 through our data tools and social features. The community and data have served as a strong on-ramp into the platform, but the addition of execution on the platform is a key product expansion that will help us to better serve our users.”

Related content material

In December, Stocktwits raised $30 million in a Series B funding spherical led by Alameda Research Ventures, a enterprise capital agency, owned by Sam Bankman-Fried’s FTX cryptocurrency trade. The funding pushed the valuation of Stocktwits to $210 million.

Making Equity Investing Accessible to Masses

Just a few years in the past, StockTwits launched a commission-free share buying and selling service for its customers. The transfer mimicked the fast-growing service already provided by commission-free investing app Robinhood, which additionally has zero brokerage charges and has reached over 24 million of its customers. StockTwits launched the fractional buying and selling function which eliminates the limitations that many traders face when making an attempt to spend money on a diversified portfolio of US-listed securities. Many companies at the moment use free or low cost buying and selling providers to draw shoppers to extra worthwhile companies.

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