X’s Cashtags Feature Hits $1 Billion in Trading Volume in Two Days

TLDR

• X launched Cashtags on Tuesday, letting iPhone users in the US and Canada view live stock and crypto data in-app
• The feature drove an estimated $1 billion in trading volume within two days of launch
• Canadian brokerage Wealthsimple is the only trading platform integrated so far — no US brokerage has signed on yet
• X will not execute trades itself; it plans to be a financial data and link tool only
• X Money, a peer-to-peer payment system with a debit card and yield accounts, is also in development

X’s new Cashtags feature has generated roughly $1 billion in trading volume in just two days, according to the platform’s head of product, Nikita Bier.

Bier posted the figure on Friday, saying it was based on aggregated data from X’s trading pilot. The feature launched Tuesday night.

Cashtags lets users tap on a stock or crypto ticker in a post and instantly see live price charts and related content. It is currently only available to iPhone users in the US and Canada.

The launch came one day after Bier posted on X that crypto had “a rough year” and hinted something was coming to help.

X says it will not act as a broker or execute trades. Instead, it plans to build financial data tools and direct links to trading platforms.

Canadian brokerage Wealthsimple is the first and only trading platform to integrate the feature. Canadian users can click a Cashtag and be taken directly to Wealthsimple’s trading app.

No US brokerage has partnered with X yet.

Bier is an advisor to Solana Labs and joined X in June 2024.

X Money Is Also on the Way

X is also developing X Money, a digital wallet and peer-to-peer payment system. It plans to offer a cashback debit card, yield-bearing accounts, and person-to-person transfers.

An external beta of X Money launched in early March, showing a payment between Elon Musk and actor William Shatner.

X has secured money transmitter licenses in more than 40 US states and is registered with the Financial Crimes Enforcement Network.

Whether X Money will support crypto transactions remains unclear. Analysts at Mizuho said this week that adding crypto payments could face regulatory pushback.

Musk’s Super App Vision

The Cashtags feature is part of Musk’s plan to turn X into a so-called “everything app,” covering payments, e-commerce, and financial data.

X has over 550 million monthly users, giving it a large base to compete with established financial data providers.

Cashtags allow users to link a specific asset or smart contract address to a post. Tapping the tag shows live pricing and related posts from across the platform.

Musk said in March that X Money would open for early public access in April 2026.

Mizuho analysts flagged potential regulatory resistance to crypto payments on the platform this week.

The post X’s Cashtags Feature Hits $1 Billion in Trading Volume in Two Days appeared first on CoinCentral.