X Platform to Launch Stock and Crypto Trading Feature in Coming Weeks

TLDR

• X (formerly Twitter) will launch in-app stock and crypto trading within a couple weeks through a new “Smart Cashtags” feature that lets users execute trades directly from their timeline
• X Money, the platform’s payment system currently in internal testing, will enter external beta within one to two months for limited users
• The trading feature marks X’s push toward becoming an “everything app” where users can message, post, send money and invest all in one place
• Tesla holds 11,509 Bitcoin on its balance sheet while SpaceX controls around 8,285 BTC, showing Musk’s ongoing crypto involvement
• X has approximately 600 million monthly users who will eventually be able to conduct most digital activities without leaving the platform

X is rolling out stock and cryptocurrency trading directly on its platform. The feature will launch within weeks according to the company’s head of product.

Nikita Bier announced Saturday that Smart Cashtags will let users trade stocks and crypto straight from their timeline. Users will interact with ticker symbols in posts and execute trades without leaving the app.

The move pushes X deeper into financial services. It brings Elon Musk’s “everything app” vision closer to reality.

X Money is preparing for launch alongside the trading feature. The payment system is currently in internal testing and will enter external beta within one to two months.

Musk spoke about X Money at his AI company xAI’s “All Hands” presentation Wednesday. He said the feature will be available to a limited group of users first before a worldwide rollout.

Building an Everything App

The platform wants to become a one-stop shop for digital activity. Users will be able to message, post, send money and invest all within X.

Musk compared the rollout to adding banking services inside the app. He said users could eventually manage most of their daily digital activity without leaving the platform.

X introduced a basic Cashtag system in 2022. That version tracked prices of major stocks and cryptocurrencies and provided visual financial data for Bitcoin and Ether. The feature was later discontinued.

The new Smart Cashtags will go beyond price tracking. Users will actually execute trades through the feature.

Musk’s Crypto History

Musk’s companies have maintained crypto holdings over the years. Tesla currently owns 11,509 Bitcoin on its balance sheet, down from an initial investment of 42,300 made in early 2021.

SpaceX controls around 8,285 BTC. Both companies represent major corporate holders of cryptocurrency.

Musk has publicly supported dogecoin for years. In 2022 he said SpaceX would accept DOGE for some merchandise, following a similar move from Tesla.

Earlier this month Musk said he may put DOGE “on the moon.” His comments regularly move crypto markets.

The platform serves as a hub for crypto-related activity. The trading integration brings it closer to WeChat’s model in China, which combines messaging and social media with integrated payment features.

Bier’s January announcement teased the Smart Cashtags feature but didn’t confirm in-app trading capabilities. The Saturday post provided the first official confirmation and timeline for the launch.

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