HOOD - Social Media platform Stocktwits said to add crypto trading

Social media platform Stocktwits is said to plan to add cryptocurrency trading to its service. Users will be able to trade cryptocurrencies and the platform will expand to equities trading late this quarter, according to a WSJ report. Crypto exchange FTX will provide the infrastructure for Stocktwits' crypto trading and fees will be the same as they are on FTX. Stocktwits, which was founded in 2008, is entering trading as retail investors have been increasingly using platforms such as Robinhood Markets (NASDAQ:HOOD), eToro  (NASDAQ:FTCV) and Webull. Stocktwits in December announced a $30M Series B fundraising round. Alameda Research Ventures led the Series B round and was joined by Times Bridge.  Yesterday, Cryptocurrency exchange FTX to acquire Liquid to expand Asia footprint.

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Social Media platform Stocktwits said to add crypto trading