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eToro Partners with The TIE to Improve Investments

eToro yesterday announced its partnership with The TIE to improve investment strategies for its trader network through crypto Twitter sentiment strategy called “TheTIE-LongOnly CopyPortfolio”. 

THE TIE is a cryptocurrency information services company that provides digital asset data solutions to other firms and market participants.  

The firm’s machine learning and language processing models assesses 850 million tweets per day, measuring the positive and negative tone of conversations about the cryptocurrency on Twitter.  

Guy Hirsch, US managing director of eToro, said in traditional markets, retail investors in the past have fallen behind the ‘smart money’ when it comes to the data and tools available to them. Now, the tools eToro is offering investors will level the playing field and make investing accessible to everyone.  

Since its launch in October 2017, the platform has generated 281% return after fees in comparison to 41% return generated by Bitcoin. Currently, The TIE’s Long-Only portfolio strategy generates an average return on 123% in comparison with 29% return from the equal basket of crypto assets.

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