Altcoin Daily questioned their Twitter account regarding Twitter’s partnership choice for cryptocurrency and stock trading, as they partnered with eToro instead of Binance. Twitter’s new feature will allow users to access market charts and trading options from eToro, as confirmed by the company exclusively to CNBC.
Despite Binance investing $500 million in Elon Musk’s Twitter takeover, Twitter did not partner with them. Cryptocurrency YouTuber DustyBC speculated that this may be due to regulatory issues, while a Twitter user suggested a perceived conflict of interest.
The reason behind this decision may be related to Binance and its founder, Changpeng Zhao, being charged by the Commodities and Futures Trading Commission (CFTC) for violating commodities laws. It is noteworthy that the SEC and CFTC have taken a more assertive approach toward the cryptocurrency industry since the FTX’s collapse in November 2022.
They have started using enforcement measures to establish their jurisdiction, and the community speculates that Twitter’s decision not to partner with Binance may be due to the fear and uncertainty surrounding Binance.
source: https://coinedition.com/twitter-partners-with-etoro-instead-of-binance-regulatory-fear/
