X announced its cashtags pilot has generated an estimated $1 billion in global trading volume since its launch on Tuesday night. Nikita Bier, head of product, shared the update via a post.
The feature, unveiled on April 14, allows users to search for cashtags or contract addresses and receive matching stock or crypto results. Users can then access a dedicated page with related posts and a live price chart without leaving the X app.
In Canada, X has integrated with Wealthsimple, enabling a trading button on cashtag pages for direct market discussion to execution. This partnership highlights X's deepening involvement in finance.
Bier stated that cashtags are a foundational step in X's strategy to become a primary hub for the finance and crypto communities. Support for web and Android, alongside a broader international rollout, is expected soon, indicating this is an initial test of integrating market conversation, real-time data, and trading.