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 straight from the app.
In a publish to X on Friday, the corporate’s head of product, Nikita Bier, mentioned the estimated $1 billion in buying and selling quantity was reached after launching on Tuesday evening, 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 evening. https://t.co/TimRE4U37S
— Nikita Bier (@nikitabier) April 17, 2026
The new function — at the moment solely accessible to US and Canadian customers on iPhones — is a part of Elon Musk’s imaginative and prescient of turning X into an “every thing 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 power to compete with established monetary info suppliers in delivering market-related content material and knowledge.
Cashtags permit customers to pick out a selected asset or good contract deal with when posting a ticker, and tapping a tag shows dwell value 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 exterior beta of X Cash in early March, exhibiting funds between Musk and Hollywood actor William Shatner, who performed Captain Kirk within the authentic Star Trek collection.
Associated: X mulls new guidelines for first-time crypto posts amid tortoise rip-off
The combination of crypto funds into X Cash stays a thriller, nevertheless.
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 funds attainable on the platform.
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