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FTX becomes the cryptocurrency exchange provider for StockTwits


Investment-focused social network StockTwits is expanding its services to get to grips with the crypto verse and capture some of the audience that Twitter, Reddit, and even eToro have these days. Now StockTwits users have the option to buy and sell cryptocurrencies directly from the app interface, providing an all-in-one experience for digital asset enthusiasts. FTX and StockTwits strike a deal that could benefit nearly 6 million users To achieve its goal, StockTwits entered into a partnership with FTX. The first batch will support all cryptocurrencies available on Sam Bankman-Fried’s popular trading platform. The two companies already have a history together. In late 2021, StockTwits raised more than $30 million in a funding round led by Sam Bankman Fried’s venture capital fund, Alameda Research Ventures. At the time, Ramnik Arora, Head of Product at FTX, noted that they hoped to collaborate in offering services that would make cryptocurrencies more accessible to traditional investors while increasing the reach and user base of StockTwits. If you like Crypto Twitter, you are going to love StockTwits. While it is not just a crypto ecosystem, users can set up a watchlist to exclusively view tickers of interest to them. When a user searches for a specific stock or cryptocurrency, StockTwits displays the price chart, volume, market sentiment and most recent twits shared by the community. Now, with the new integration with FTX, more than 6 million StockTwits users can buy or sell the tokens they follow without leaving the social network. A Giant That Keeps Growing FTX is an ever-growing phenomenon with a marketing and business expansion strategy that is paying off. Since it bought the cryptocurrency information and price tracking app Blockfolio, the exchange started to innovate with several acquisitions, partnerships and business moves. Perhaps the most relevant to date is the purchase of naming rights to the NBA Miami Heat stadium – the former American Airlines Arena. Now one of the most famous basketball teams in the United States trains and plays at the FTX Arena. But arguably one of the most significant wins for the platform has been its acquisition of LedgerX as a first step to bring its derivatives trading service to the US market, something that had been heralded as a priority in FTX US’s plans since 2021. Since October 2021, FTX’s user base has grown 60%, and trading volume averaged $14 billion, according to figures Sam Bankman-Fried himself shared with CNBC. SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and get $100 Free and 10% Off Fees on Binance Futures First Month (Terms and Conditions). PrimeXBT Special Offer: Use this link to register and enter POTATO50 code to get 25% off trading fees.
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