🚨⚡UPDATE: X WILL NOT OFFER DIRECT TRADING OF BITCOIN AND CRYPTO ⚡🚨
Nikita Bier, Head of Product at X, clarified that the platform will not become a broker or manage trading operations directly.
Users will not be able to buy or sell Bitcoin and other cryptocurrencies directly on X.
The team is instead developing "Smart Cashtags," new financial tools that will allow users to view real-time prices, charts, and data on assets directly in the timeline.
This is an important step in the integration of financial functionalities within the social platform, but with a clear distinction: all buying or selling actions will be redirected to partner brokers or external exchanges of the platform.
This choice shows that X aims to become a hub for information and financial analysis, rather than a trading platform.
An evolution that could strengthen X's role as a meeting point between finance, social, and technology.