X’s new Cashtags feature drives $1B trading volume in first two days
X’s Cashtags feature has been integrated into Canadian-based online brokerage Wealthsimple, but has not yet been adopted by a US trading platform.
Social media platform X has already generated roughly $1 billion in trading volume from its new Cashtags feature, which allows users to view stock and crypto data directly from the app.
In a post to X on Friday, the company’s head of product, Nikita Bier, said the estimated $1 billion in trading volume was reached after launching on Tuesday night, citing data aggregated from X’s trading pilot.
Based on aggregated data from our trading pilot, X has driven a estimated $1 billion in trading volume globally since launching on Tuesday night. https://t.co/TimRE4U37S