X Launches Cashtag Partner Program Connecting Users with External Brokers
On September 22, X launched its US Cashtag Partner Program, linking stock and cryptocurrency pages to external brokers like Coinbase, Gemini, Kraken, Interactive Brokers, and Moomoo. The feature allows users viewing tickers such as $BTC or $TSLA on the platform to access live price charts, related content, and a direct 'Trade' button that redirects them to partner platforms for execution. This integration aims to streamline the process from discovery to trading by reducing friction in accessing external brokerages. Notably, X does not execute trades itself; all account creation, custody, and order fulfillment are managed directly by its partners. Interactive Brokers is offering a $100 promotional credit to new users who sign up via this Cashtag flow. In parallel developments, Coinbase introduced fixed-rate Bitcoin-backed borrowing through Morpho Midnight on Base, adding another layer of utility for BTC holders beyond speculative trading.
Topics: Bitcoin Cashtags crypto trading X (Twitter)