Is X about to become a crypto giant? The Elon Musk-backed platform is all set to roll out a feature that will let users trade crypto directly from their timeline!
Here’s what you need to know.
X to launch ‘Smart Cashtags’
X is preparing to let users trade stocks and cryptocurrencies directly within the app, without switching to a separate brokerage.
According to Nikita Bier, Head of Product, X will soon roll out a feature called “Smart Cashtags.” These build on the platform’s existing system where users type symbols like $BTC to track assets such as Bitcoin [BTC].
Source: X
But the upgrade goes further. Instead of just showing prices, tapping a cashtag will open live charts, related posts, and a built-in option to trade instantly.
Source: X
The goal is to remove the extra steps between discovering an asset and acting on it. X has been steadily adding financial features since introducing Cashtags in 2022.
Trading is only one part of a much bigger plan
Since acquiring X in 2022, Elon Musk has been clear about his goal, and that is to turn the platform into an “everything app” where users can handle their entire financial life.
A key step toward that vision is X Money, a payments feature currently in limited beta. Musk said it will let users send and receive money directly within the app, similar to popular peer-to-peer payment services.
He described it as a future hub for everyday transactions, where users won’t need separate apps to manage payments.
At a recent presentation for his AI venture xAI, Musk said,
With around 600 million monthly users, X already has the scale to support such a turn.
The company has spent the past few years building financial tools, ranging from simple price tracking to payments, and now, direct trading.
Final Thoughts
- With 600 million users and in-app crypto trading, X could become a preferred transaction gateway.
- Elon Musk is readying X to compete directly with crypto exchanges, brokerages, and fintech apps.
Source: https://ambcrypto.com/crypto-trading-is-coming-to-x-in-a-couple-weeks-all-about-smart-cashtags/
