X will not directly facilitate cryptocurrency trading despite launching its Smart Cashtags feature aimed at digital asset users, according to head of product Nikita Bier.
The feature will allow users to specify crypto tokens and stock tickers more precisely, including linking to specific smart contracts, but trade execution will occur through external partners rather than the platform itself.
“X is not handling trade execution or acting as a brokerage,”
Bier wrote, adding that:
“The company is just building the financial data tools and links.”
Speculation about deeper crypto integration has persisted since Elon Musk acquired the platform in 2022, given his long-standing support for Dogecoin and ambitions to turn X into an “everything app.”
Smart Cashtags are expected to roll out within weeks and will feature in-app pages displaying prices, charts and related posts, potentially streamlining asset discovery for crypto communities.
Separately, Musk confirmed that X Money, the company’s payments service, is currently being beta tested internally, with plans for a limited external rollout in coming months.
X has formed X Payments and secured money transmitter licences in more than 40 US states, though the company has not indicated whether the forthcoming payments system will incorporate cryptocurrency functionality.
At the time of reporting, Dogecoin price was $0.09988.