X Cashtags Trigger Estimated $1 Billion Surge In Crypto Trading

X’s Cashtags feature has driven an estimated $1 billion in global trading volume since its pilot launch on Tuesday, according to the platform’s Head of Product Nikita Bier.

The trading milestone arrived just 48 hours after the social media platform introduced Smart Cashtags for crypto and stock assets.

X Cashtags Turn Timeline Into a Trading Gateway

Bier revealed the volume figures on April 17, noting the data came from aggregated trading activity tied to the pilot.

The feature lets users tap cashtags such as $BTC, $ETH, $XRP, and $DOGE to view real-time price charts, sentiment data, and related posts without leaving the app.

A pilot integration with Canadian brokerage Wealthsimple also enables direct trading from the timeline.

However, the pilot remains limited in scope. Only iPhone users in the US and Canada have access, and the buy button is not yet active for US users. Android and web support have not yet rolled out.

DeFi analyst Tat Thang highlighted the scale of X’s early traction, noting that Robinhood needed years to reach comparable daily volumes.

“Robinhood’s first year: 500K users. “Thousands of trades per week.” X’s first 48 hours: $1 billion. $1B in estimated volume from a pilot that hasn’t even hit Android yet,” wrote Thang.

Indeed, Robinhood launched its app publicly in April 2015 after a long private beta (waitlist phase) starting in 2013–2014. By the end of 2015 (roughly its first full year), it had around 500,000 funded accounts or users.

X Money Launch Remains Uncertain

The Cashtags rollout comes as X prepares to launch its broader payments platform, X Money. Elon Musk stated in March that early public access would begin in April.

Polymarket data currently shows a 36% chance that X Money will launch by April 30, suggesting most traders remain skeptical.

Senator Elizabeth Warren has also raised concerns about the platform’s proposed 6% APY and potential stablecoin issuance, requesting Musk provide a written response by April 21.

The post X Cashtags Trigger Estimated $1 Billion Surge In Crypto Trading appeared first on BeInCrypto.

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