X Cashtags Hit ₱59.91 billion ($1 billion) Volume in 48 Hours
X Head of Product Nikita Bier announced the Cashtags rollout on April 14, describing it as the platform's first step toward becoming the best destination for finance and crypto communities. The feature pulls real-time financial data into posts and currently supports on-chain assets through contract addresses on Solana and Base networks.
Key Takeaway
X logged ₱59.91 billion ($1 billion) in Cashtags trading in two days — a signal that social-native crypto trading has real demand.
X's new Cashtags feature logged ₱59.91 billion ($1 billion) in global trading volume within 48 hours of going live.
X Head of Product Nikita Bier announced the rollout on April 14, describing Cashtags as the platform's first step toward becoming the best destination for finance and crypto communities. The feature pulls real-time financial data into posts and currently supports on-chain assets through contract addresses on Solana and Base networks.
The pilot version works only on iPhone in the US and Canada. X partnered with Wealthsimple, Canada's largest online brokerage, to test a trading button for Canadian users. Bier said X influences billions of dollars in investment decisions daily based on feed content.
The launch follows earlier partnerships with eToro in 2023 and TradingView in 2022. X plans to expand Cashtags to web, Android, and global users, with the expansion expected to roll out through 2026 and beyond.
This article was written based on reporting from BeInCrypto.
