Elon Musk’s social media platform X is preparing to roll out new features that will allow users to trade stocks and cryptocurrencies directly from their timelines, as the company expands deeper into financial services.
According to Nikita Bier, X’s head of product, the update will introduce “Smart Cashtags,” letting users tap on ticker symbols in posts to view market data and execute trades without leaving the app. The goal is to make investing part of the everyday social experience on the platform.
The trading tools are expected to arrive alongside the upcoming external beta of X Money, the company’s in-house payments system. Musk said the payments feature is already being tested internally and could be released to a limited group of users within one to two months.
Building an “Everything App”
The new financial features are part of Musk’s broader plan to turn X into an “everything app,” where users can post, message, send payments, and invest in one place. Musk has compared the rollout of X Money to adding banking-style services directly inside the platform.
Musk’s businesses have long had ties to crypto. Tesla currently holds more than 11,000 bitcoin on its balance sheet, while SpaceX owns several thousand BTC. Musk has also repeatedly voiced support for dogecoin, including allowing some merchandise purchases with the token in the past.
If the trading features launch as planned, X would move closer to combining social media with retail investing, potentially reshaping how users interact with financial markets from within a social platform.
Featured image from: coinmarketcap.com