Social media platform X has already generated approximately $1 billion in trading volume thanks to its novel Cashtags feature, which allows users to view stock and cryptocurrency data directly from the app.
In a Friday post to X, the company’s chief product officer, Nikita Bier, he said an estimated trading volume of $1 billion was achieved after launch on Tuesday evening, citing aggregated data from the X trading pilot.
Based on aggregated data from our trading pilot, X has generated an estimated $1 billion in global trading volume since its launch on Tuesday evening. https://t.co/TimRE4U37S
— Nikita Bier (@nikitabier) April 17, 2026
The novel feature – currently only available to iPhone users in the US and Canada – is part of Elon Musk’s vision of turning X into an “app for everything”, including peer-to-peer payments and e-commerce.
X is visited by over 550 million users every month, making it one of the largest social media platforms in the world and giving it the opportunity to compete with established financial information providers in providing market-related content and data.
Cashtags allow users to select a specific asset or intelligent contract address when posting a ticker, and tapping the tag displays current price charts and related posts.
Wealthsimple online brokerage cooperated with X to integrate Cashtag, allowing Canadians to click on cryptocurrency and stock quotes and take them directly to the trading platform.
The Cashtags feature has not yet been integrated with a US broker.
X The money is coming too
Musk’s company also has X Money in the works, a peer-to-peer payment system that is expected to offer profit-making accounts, a cashback debit card and other benefits.
In early March, X launched an external beta of X Money, showing payments between Musk and Hollywood actor William Shatner, who played Captain Kirk in the original Star Trek series.
Related: X Considers New Rules for First Crypto Posts Due to Turtle Scam
However, the integration of cryptocurrency payments with X Money remains a mystery.
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