Elon Musk’s social media platform X is preparing to roll out a feature that could transform the app from a discussion forum into a trading platform.
Key points to remember:
- X plans to launch Smart Cashtags allowing users to trade stocks and cryptocurrencies directly within posts.
- This feature advances Musk’s vision of turning X into an all-in-one financial and social platform.
- It will be deployed alongside X Money, a peer-to-peer payment system currently in beta testing.
Nikita Bier, head of product at
The feature should arrive within a few weeks, according to a post published Saturday.
X to deploy smart Cashtags enabling stock and crypto transactions from posts
“We are launching a number of features in a few weeks, including Smart Cashtags which will allow you to trade stocks and cryptocurrencies directly from the timeline,” Bier wrote.
Bier previously hinted at the feature in January, sharing an image showing the built-in trading functionality in posts, but the company did not confirm the details at the time.
X has already experimented with financial features. In 2022, it added a basic Cashtag system that displays price charts and market data for major assets such as Bitcoin and Ether.
Users could view market movements in posts, although the feature only tracks prices and does not allow transactions. The previous system was later abandoned.
The planned trading capacity would mark a major change for the platform, which already hosts much of the crypto conversation online. Allowing direct transactions would move X beyond information sharing and into financial services.
The development is part of Musk’s long-standing plan to turn X into a “multi-purpose app”, comparable to China’s WeChat, where messaging, payments and services work in one place.
The trading functionality comes with X Money, a peer-to-peer payment system. Speaking during a presentation at his artificial intelligence company xAI, Musk said the payments tool is currently in limited beta testing and could expand globally after the trial period.
“That’s where all the money is, the central source of monetary transactions,” Musk said.
According to Musk, the platform reaches around 600 million monthly users.
X cracks down on crypto-related engagement apps
As noted, X recently came under scrutiny after restricting access to APIs for so-called InfoFi and engagement reward projects, many of which were linked to crypto incentives.
The company said it would no longer allow apps that reward users for posting or interacting on X, citing concerns about AI-driven spam and manipulation.
Beyond crypto, X’s broader AI strategy has attracted the attention of regulators, particularly in Europe, where authorities have raised concerns about Grok’s image generation features.
The platform has since limited certain capabilities and introduced safeguards after launching surveys.
X’s decision to crack down on so-called InfoFi apps sent new shockwaves through the crypto market, dragging several tokens down and forcing a rethink of a niche that had become closely tied to the social media platform.
The immediate market reaction was led by KAITO, the token linked to the Kaito platform, which fell around 20% in a single day as investors digested what many saw as a structural threat rather than a short-term policy adjustment.
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