Elon Musk’s IX Powering Crypto And Stocks Trading In The Coming Weeks – Details
According to X’s Head of Product, Nikita Bier, the upcoming Smart Cashtags feature will enable users to trade cryptocurrencies and stocks directly through social media.
X Users To Trade Crypto And Stocks Directly On Their Timeline
In a February 14 post on the X forum, Bier confirmed that the social network will be rolling out more features in a few weeks. Most notably, Bier talked about the Smart Cashtags feature, highlighting that it will allow users to trade crypto and stocks directly from their timeline.
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Prior to this confirmation, Bier teased the launch of the Smart Cashtag feature in early January, indicating the possibility of in-app trading. The X platform first introduced the basic functionality of Cashtag in 2022, which tracked the prices of major stocks and cryptocurrencies and provided visible financial data of the supported assets before it was discontinued.
These upcoming Smart Cashtags are expected to be an improvement on the existing $TICKER system, which allows users to tag tokens with a dollar sign to create a clickable link. Tags will show live price charts, related posts on X, and live trading options.
In his post on Saturday, which was in response to a thread about third-party crypto applications, Bier also addressed the issue of spam, hacking, and harassment on the X site.
Source: @nikitabier on X
Beer said:
I honestly want crypto to expand on X, but apps that create incentives to spam, raid, and harass random users is not the way. It seriously degrades millions of people — enriching only a few.
At the time, Christopher Park, director of the X developer platform, said that all automation and spam through scraping and API will be flagged and eventually moved forward. “No more bots/programs that do or encourage mass platform manipulation, engagement farming, spamming, and scraping,” Park said.
IX Begins Beta Testing of Payments Feature
In another response, Bier clarified that iX does not manage commodity sales or act as a trading platform, but rather develops financial data tools and links. Ultimately, this Smart Cashtag feature aligns with X’s financial services push and Elon Musk’s broader goal of making the platform an “everything app.”
The social media platform looks set to launch X Money, a digital feature that enables peer-to-peer payments. Musk revealed earlier this month at xAI’s presentation that X Money has completed internal staff testing and is in a limited beta testing phase over the next two months before a global rollout.
The price of BTC crosses $70,000 on the daily timeframe | Source: BTCUSDT chart on TradingView
Photo by Beata Zawrzel/NurPhoto via Getty Images, chart from TradingView
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