X has recorded approximately $1 billion in trading volume within the first two days of launching its new Cashtags feature, highlighting growing interest in social-based trading tools. The milestone was confirmed by Nikita Bier, who cited data collected from the platform’s early trading pilot after the feature launched on Tuesday night.
Cashtags allow users to tag specific stocks, cryptocurrencies or smart contract addresses directly in posts. When tapped, the tags display live price charts and related discussions, creating a seamless experience that blends social media engagement with market data access. The feature is currently available to users in the United States and Canada using iPhones.
Wealthsimple Partnership Enables Direct Trading Access
The Cashtags rollout includes integration with Wealthsimple, allowing Canadian users to move directly from tagged assets to live trading interfaces. However, the feature has not yet been connected to a United States-based brokerage platform.
With more than 550 million monthly users, X holds significant reach, positioning it to compete with established financial data providers and accelerate adoption of integrated trading services.
X Money Expansion Signals Broader Financial Strategy
Alongside Cashtags, the company is developing X Money, a payments ecosystem expected to include yield-bearing accounts, cashback debit cards and additional financial tools. An early beta demonstration showed transactions between Elon Musk and William Shatner, illustrating the platform’s payment capabilities.
Over recent years, X has secured money transmitter licenses in more than 40 U.S. states and registered with the Financial Crimes Enforcement Network, laying the groundwork for broader peer-to-peer payment integration and potential cryptocurrency functionality in the future.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.