The X platform launches the Cashtags feature to integrate real-time US stock market and cryptocurrency data
Recently, Elon Musk's social platform X has launched a new feature called "Cashtags," allowing users to view real-time price charts for stocks and cryptocurrencies directly within the app. This feature is currently available only to iPhone users in the United States and Canada.
Nikita Bier, the product head of X, announced this significant news and pointed out that the X platform has long been an important channel for traders and investors to access financial news and information.
The newly launched Cashtags feature on the platform is similar to traditional tags but is specifically designed for the financial sector. When users enter a stock code or cryptocurrency token with a dollar sign (e.g., $BTC), the system automatically converts it into a clickable link;
Users can simply click on this link to directly see the price chart and discussion posts related to the asset. This feature greatly facilitates traders, allowing them to avoid frequent switching between X and other charting tools.
According to Bier, when users search for or post a cashtag for a specific asset or contract address, X will automatically recommend relevant stocks or cryptocurrencies for users to choose from. By clicking on the cashtag, users can view relevant posts and price charts without leaving the X app.
This way, users can align platform discussions with the corresponding tokens or stocks, and traders do not have to switch between X and separate charting tools to verify the content they read.
It is reported that the launch of the Cashtags feature is not a completely new concept. As early as the end of 2022, X had conducted a brief trial using data from TradingView and eToro.
Earlier this year, Bier revisited the topic of how to widely promote cryptocurrencies on the X platform while eliminating spam interference, leading to renewed market anticipation for Cashtags.
The community has responded positively, with users praising the feature as "well-designed" for tracking cryptocurrency and stock market sentiment. Some even suggested expanding Cashtags to cover real-time events in sports, news, and other areas.
It is noteworthy that as this feature goes live, the cryptocurrency market is showing signs of recovery. Bitcoin broke through $75,000 yesterday, reaching a new high in nearly a month, and Ethereum also touched $2,400.
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