Musk’s X Cashtags offers real-time market data for cryptocurrencies

Canadian users can already place orders directly from Cashtags through a trial integration with Wealthsimple.

X has launched a feature called “Cashtags” that allows users to view real-time stock and cryptocurrency charts directly within the app.

The feature is currently available to iPhone users in the US and Canada.

How hashtags work

X Head of Product, Nikita Beer, Announce Cashtags will launch on April 14, putting it in a framework around the social platform’s current role in financial markets.

“X has always been the best source of financial news for traders and investors,” Pierre wrote. “Billions of dollars are allocated every day based on what people read on the timeline.”

Simply put, Cashtags are like traditional hashtags but for funding. This feature is built around stock ticker symbols or cryptocurrency tokens preceded by dollar signs which have now been converted into clickable links that connect X users to relevant financial information about that asset. In the past, these tags only highlighted cursor-like texts and linked them to the underlying signals.

According to Pierre, when a user searches or posts a coin tag for a specific asset or contract address, X will automatically suggest relevant stocks or cryptocurrencies from which they can choose the coin they want. What’s more, clicking on the coin tag will bring up the posts you mentioned as well as their price chart, all without having to leave X. This way, users will be able to match the chat on the platform to the correct token or stock. This means that traders will no longer have to switch between X and separate charting tools to indicate what they are reading.

Even beer He pointed out That people will be able to use information from Cashtags to seamlessly trade from

Solana too certain Cashtags will run on its network, with ecosystem token pricing data powered by Jupiter Exchange, historical data provided by Birdeye, and underlying infrastructure developed by Dialect and Helius.

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Long awaited feature

The concept of Cashtags is not entirely new, having undergone a short trial in late 2022 using data from TradingView and eToro, with former X CEO Linda Yaccarino later saying there were plans to introduce in-app trading on the platform. Hopes for this feature were boosted earlier in the year when Bier Name dropped Expressing his desire to see cryptocurrencies proliferate on X but without apps spamming and harassing random users.

Community reaction so far has been largely positive, with citizen journalism being credited to Autism Capital a description This feature is considered “really cool,” noting that clicking on $BTC pulls up a chart along with related posts so users can track sentiment around indicators across cryptocurrencies and stocks.

“It is very well designed,” they wrote.

Others suggested the tool could be used outside of funding to cover live events, news and sports, with dedicated boards for discussion and real-time data, to which Pierre responded by saying: “Give me 18 hours,” referring to the rapid iteration.

The product launch has come at a time when the cryptocurrency markets are also taking over an offer Renewed activity, with Bitcoin surpassing $75,000 yesterday to hit its highest level in a month and Ethereum touching $2,400.