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Stocktwits.com launched equities buying and selling on its social media platform for particular person traders, months after it introduced out crypto buying and selling, betting {that a} extra linked neighborhood can navigate dire inventory markets.
Stocktwits is a well-liked venue for exchanging buying and selling concepts. It was among the many on-line message boards that helped retail traders band collectively to drive eye-watering positive aspects in meme shares similar to GameStop and AMC final 12 months, squeezing bearish hedge funds.
Buying and selling might be accessible on the platform instantly by way of Stocktwits’s broker-dealer subsidiary, ST Invest LLC, and customers can select to make their trades public, the corporate mentioned.
“You’ll be able to present your neighborhood that you just truly personal the inventory that you just’re speaking about, and that may assist construct belief locally,” mentioned Rishi Khanna, the chief govt officer of Stocktwits.
Particular person traders’ buying and selling exercise has waned from the highs of 2021, as fears of rate of interest hikes and surging inflation dragged the S&P 500 down 19.6% this 12 months.
Stocktwits has greater than six million registered customers and a million month-to-month energetic customers. It provides commission-free and fractional inventory buying and selling, which tends to entice particular person traders that can’t shell out hefty per-share costs.
The New York-based firm is now centered on launching choices buying and selling on the platform within the fourth quarter, together with a paid subscription for information that analyses retail investor sentiment and exercise.
Crypto buying and selling was the primary buying and selling functionality provided by the platform in February.
The fairness buying and selling possibility will solely be accessible to iOS customers initially, and might be adopted by releases for the online and Android variations, Stocktwits mentioned.
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