Sign Up on MEXCBreaking: X To Add Stock Trading Soon; Crypto Trading Next?
Crypto News: Billionaire Elon Musk appears to making quick moves in the direction of making the X platform, formerly called as Twitter, the everything app for finance. On Thursday, reports said that the social media platform is mulling the addition of stock trading capabilities within X. Recently, Musk explained about plans to make the platform the go-to place for everything finance. Meanwhile, it remains to be seen of the X management would be willing to also integrate crypto market trading in the platform.
Also Read: Hidden Mistake In XRP Ruling?: Will Judge Torres Review It
In this context, it is also being speculated if the platform would launch its own cryptocurrency. Meanwhile, Dogecoin price took a sudden spike on Thursday in response to this news, thanks to the relation the memecoin has with Elon Musk. The DOGE price had recently shot up when the platform announced its rebranding from Twitter to X.
BREAKING STORY 👀
𝕏 has plans to introduce its very own stock trading platform!
You can't find any platform that doesn't support crypto these days, right?
This can be a game changer, especially if we get $X! pic.twitter.com/MtwoSHlOFf
— MAX CHADWICK (@maxchadwickNFT) August 3, 2023
The Game Changer In Finance?
Considering the wide reach the platform has among financial experts, traders and general public across the world, the X stock trading feature stands high chances of success, if not to be a game changer in the financial world. However, the real question remains whether or not the app would eventually integrate crypto asset trading, at a time when large financial companies like Blackrock and Citadel are vying for an approval to the spot Bitcoin ETF filings from the US U.S. Securities and Exchange Commission (SEC).
While Musk’s history with Dogecoin and the crypto ecosystem is well known, his vision to turn the site into a super that has the ability to conduct the “entire financial world” holds the key. Also, Musk had briefly replaced the famous Twitter logo with that of Dogecoin in the first week of April 2023, to the surprise of many in the finance industry.
Also Read: Early Terra Luna Classic Developers Seek Return To Revive LUNC & USTC To $1
- Grayscale’s XRP, SOL, ADA Fund To Begin Trading Tomorrow Following SEC’s Greenlight
- Donald Trump Petitions Supreme Court To Remove Fed Governor Lisa Cook
- Pi Coin Rises As Pi Network Implements Protocol v23 on Testnet
- Tether-Backed Plasma Stablecoin Blockchain Set to Launch on September 25
- Cathie Wood’s Ark Invest Backs Nasdaq-Listed Solmate To Launch $300M Solana Treasury
- Cardano Price Stays Above Ichimoku Cloud as Grayscale ADA ETF Approval Nears
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
