StockTwits has recently raised $30 million in a funding round led by Sam Bankman Fried’s Almeda Research Ventures fund. The money will help the company expand its reach and network coverage. The two companies plan to work together on developing a social trading platform for cryptocurrencies that will appeal to a broader audience.
StockTwits is a social network primarily geared toward investors. The service recently launched an app that enables users to buy and sell cryptocurrencies directly from the app interface. It has partnered with the crypto exchange FTX to facilitate the integration. The integration will allow users to trade all cryptocurrencies through the app, and will allow users to purchase tokens directly from FTX.
StockTwits is a social media platform that connects millions of traders and investors. It features real-time market sentiment, expert analysis, trading ideas, and trending news. It also allows you to buy and sell cryptos with as little as $1. The app lets you follow other investors, discuss the markets, and even create your own chat room.
In addition to highlighting new cryptocurrencies, Stocktwits allows users to subscribe to a live feed of comments about different cryptocurrencies. Ethereum Classic has been a popular topic on StockTwits this year, and other outlier altcoins, like Dogecoin, are rising in popularity.
While the service does offer free trading, it is important to note that it is not a brokerage. It offers securities to self-directed investors and is a member of FINRA and the Securities Investor Protection Corporation (SIPC). Customers are protected by up to $250,000 from loss if they choose not to make a purchase.
While Bitcoin is the king of cryptocurrencies, ether has made an exceptional comeback this year. Its price has increased nearly three-fold since the start of May. And the booming cryptocurrency has been the catalyst for an alt-coin frenzy. Its popularity is spreading across the world.
Ethereum is an open-source, public, blockchain-based network. Its main features include smart contracts and transaction-based state transitions. There are also ETFs that trade in the currency. It is important to keep track of these ETFs, and watch their performance closely. This will ensure you’re not missing out on an opportunity to profit from the price growth of your favorite crypto.