Crypto services are quite a common phenomenon in the world of blockchain and cryptocurrency. Well, the social media platform known as Stocktwits is another player in this game of cryptocurrency as it has made the plans to conduct an expansion of the different services of crypto trading that it has been providing the customers and users. For those who do not know, Stocktwits has been on the news for quite some time after the Retain Short Squeeze frenzy that took place last year. According to the current crypto market news, the trading services provided by the platform are supposedly going to have an upgrade since the company has decided to include different services such as crypto derivatives and equity trading in the United States of America.
This news definitely comes as a huge surprise for the users since they have been eagerly awaiting the upgrades in the services provided to them for cryptocurrency trading in the first place. Stocktwits is a social media platform that puts the main focus on crypto investors. This company began gaining a lot of popularity ever since its stint on the retail short squeeze phenomenon that took place involving AMCTheaters and GameStop. Apparently, the company has managed to make the news again due to the amazing crypto trading services that it has announced to be provided to the users in the most effective manner.
Stocktwits Partnership with FTX.US Brings Amazing Results
There has been a partnership between FTX.US and Stocktwits in order to carry out the entire process of adding different crypto trading services for the users. These services are all set for launch in the United States Equity Trading sector and that too in the next quarter. Hence, there is a chance that crypto trading services will become more efficient and result-oriented for the betterment of crypto users in the first place.
Apart from that, this particular firm also has a lot of plans to expand all the important trading services that it has been including in the portfolio of the company. Not to mention that several of the cryptocurrency derivatives will also be provided to the users along with asset classes. These services will be offered to the traders in the next couple of months which is definitely good news for people who are interested in the trading front of crypto.
Stocktwits currently boasts having about 6 million users who are registered to the platform and about 5 million users are currently active every single month on the amazing social media platform. These new options for crypto trading will definitely provide a lot of benefits to the users. For instance, the investors and traders will be able to efficiently conduct their trade from the profiles directly. Not to mention that it will also allow these users to showcase all the details of their portfolio regarding cryptocurrency. Hence, there will be fair trading options for people and fewer chances of fraud.
This platform for social networking had a very important role to play in the Subreddit R and the Wall Street Bets in order to squeeze the meme stocks in the month of February in the year 2021. As a result of the phenomenon, the hedge fund owners ended up losing a lot of money in the process. The community of cryptocurrency then offered great support to the company during perilous times. By effectively launching the services and features of crypto trading, Stocktwits will be able to join all the other companies that are on the list for promoting the services of crypto trading in the best possible way. Hence, this is a huge scope for the social media platform to make a significant addition to the world of crypto.
