Stocktwits Expands into Equities, Undeterred by Market Qualms
- New feature follows its launch of cryptocurrency trading
- Social platform for investors has 6 million registered users
Stocktwits app
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Stocktwits, a social media platform for retail investors, will allow users to buy and sell equities on its platform. It becomes the latest company to vie for the attention of US stock traders despite this year’s broad market selloff.
New York-based Stocktwits, which has more than 6 million registered users, will launch equity trading on its platform through its subsidiary ST Invest LLC, a SEC registered broker-dealer, according to a press release on Tuesday. Stocktwits, which has been offering a forum for discussing markets and trading ideas since 2008, rolled out cryptocurrency trading, its first asset, in February.