Crypto Trading Isn’t Coming to Elon Musk's X (Yet), Says Product Head
X is introducing “Smart Cashtags,” a feature allowing users to specify digital asset ticker symbols, including for stocks and cryptocurrencies, but it will not support crypto trading or act as a brokerage. Instead, Smart Cashtags will offer financial data tools and links, clarifying posts where ticker symbols overlap, especially in crypto discussions. The feature will also aggregate prices, charts, price changes, and related posts for users, with rollout expected in a few weeks. While there has been speculation about crypto integration since Elon Musk acquired X, the company is focusing on general financial services rather than direct crypto involvement. Separately, X is developing a payments service called “X Money,” currently in internal beta testing, aiming to centralize monetary transactions. X Payments, a subsidiary, has obtained money transmitter licenses in over 40 U.S. states, though its application faces scrutiny in New York. X Money is expected to partner with Visa and facilitate peer-to-peer payments using debit cards, not crypto.
