X Launches Cashtag Feature to Enable Stock and Crypto Trading for U.S. Users
X, the social media platform formerly known as Twitter and owned by Elon Musk, has launched a new feature called Cashtags that allows U.S. users to trade stocks and cryptocurrencies directly through participating brokerages like Interactive Brokers, Moomoo, Gemini, Kraken, and Coinbase. The move builds on existing user behavior of discussing financial assets on the platform and aims to streamline access from social conversations to market actions. Cashtags now serve as a direct link between ticker symbols in posts and live trading options via brokerage partners. Users can view price charts, related discussions, and initiate trades by tapping “Trade” within X’s app or through their partner apps. The feature is part of X Money's broader push into financial services but raises concerns about potential increases in market manipulation due to bot activity. X emphasizes the seamless integration between discovery and action on its platform, with statements from product leads highlighting how Cashtags connect conversations directly to trading opportunities without disrupting user engagement.
Topics: Brokerage Partnerships Cashtag Crypto Trading Stock Trading X (Twitter)