X's Cashtags Feature Hits $1 Billion in Trading Volume Within Two Days of Launch

Gate News message, April 18 — X's new Cashtags feature, which launched on Tuesday (April 15), has generated approximately $1 billion in trading volume within two days. The feature allows users to select specific assets or contract addresses when posting; clicking the tag displays real-time price charts and related posts. The service is currently available only to iPhone users in the United States and Canada.

The Cashtags functionality enables direct access to trading platforms through integrated partners. Canadian online brokerage Wealthsimple has completed integration, allowing users to jump directly to its trading platform; however, major U.S. brokers have not yet integrated the feature.

Separately, X's peer-to-peer payment system, X Money, is in development and plans to offer yield accounts and cashback debit cards. The service has already obtained money transmitter licenses in over 40 U.S. states. Both initiatives are part of Elon Musk's strategy to develop X into an "everything app."