Journalist
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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,
“This is intended to be the place where all money is. The central source of all monetary transactions…”
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.