Social media platform X has already generated roughly $1 billion in buying and selling quantity from its new Cashtags function, which permits customers to view inventory and crypto knowledge instantly from the app.
In a submit to X on Friday, the corporate’s head of product, Nikita Bier, said the estimated $1 billion in buying and selling quantity was reached after launching on Tuesday night time, citing knowledge aggregated from X’s buying and selling pilot.
Based mostly on aggregated knowledge from our buying and selling pilot, X has pushed a estimated $1 billion in buying and selling quantity globally since launching on Tuesday night time. https://t.co/TimRE4U37S
— Nikita Bier (@nikitabier) April 17, 2026
The new feature — at present solely accessible to US and Canadian customers on iPhones — is a part of Elon Musk’s imaginative and prescient of turning X into an “all the pieces app,” together with peer-to-peer funds and e-commerce.
X sees greater than 550 million customers every month, positioning it as one of many largest social media platforms globally and giving it the flexibility to compete with established monetary data suppliers in delivering market-related content material and knowledge.
Cashtags permit customers to pick a particular asset or sensible contract deal with when posting a ticker, and tapping a tag shows dwell worth charts and associated posts.
On-line brokerage Wealthsimple partnered with X to combine the Cashtag function, enabling Canadians to click on on crypto and inventory tickers and be taken on to its buying and selling platform.
The Cashtags function hasn’t been built-in with a US brokerage but.
X Cash is coming too
Musk’s firm additionally has X Cash within the pipeline, a peer-to-peer funds system that seeks to supply yield-bearing accounts, a cashback debit card and different perks.
X rolled out an external beta of X Money in early March, exhibiting funds between Musk and Hollywood actor William Shatner, who performed Captain Kirk within the unique Star Trek collection.
Associated: X mulls new rules for first-time crypto posts amid tortoise scam
The mixing of crypto payments into X Money stays a thriller, nonetheless.
Over the previous few years, X has secured cash transmitter licenses in over 40 US states and registered with the Monetary Crimes Enforcement Community to make peer-to-peer payments potential on the platform.
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