Elon Musk’s X launches Cashtag Program in Partnership with Coinbase, Kraken, Gemini
Highlights
- X has launched its U.S. Cashtag Program in partnership with brokerage platforms.
- These platforms include Coinbase, Kraken, Gemini, and Interactive Brokers.
- This follows the earlier launch of the smart cashtags for assets.
Social media platform X has rolled out its U.S. Cashtag Program as it moves to become the ‘Everything App.’ The X Cashtag Program is notably in partnership with top crypto exchanges Coinbase, Kraken, and Gemini.
X Cashtag Program Launches With Major Crypto Exchanges
In an X article, the social media platform announced the launch of its Cashtag Partner Program, which will let users trade through participating brokerages. Users can tap a cashtag and be directed to brokerage partners including Coinbase, Gemini, Kraken, Interactive Brokers, and Moomoo.
The launch of the X Cashtag Program follows the launch of the smart cashtags earlier this year, including for crypto assets. “Cashtags turn ticker symbols for stocks, ETFs and cryptocurrencies into interactive destinations, giving X users real-time access to market conversation and financial information,” the social media platform noted.
Now, users will have an easier path from discovering a ticker to trading such assets through the brokerage partners. X noted that users can select the “Trade” option on an asset when they tap a supported cashtag, then proceed to trade on a participating brokerage, such as these top crypto exchanges.
The launch of the X Cashtag Program comes as the social media platform moves to become the ‘Everything App.’ Notably, X Money also rolled out earlier this year, offering P2P transfers, direct deposits, a debit card, and yields on balances.
‘From Financial Conversation To Action’
Monique Pintarelli, SpaceXAI’s Head of Global Advertising, noted that the X Cashtag Program connects the financial conversation to action. “People come to X to discover what’s happening, shape the conversation, and act in real-time on what matters to them. Our Cashtag partners make it possible to move seamlessly from discovery and conversation to a brokerage, without breaking the moment,” she said.
Meanwhile, Mridul Singhai, X’s Product Engineering Lead, said that the cashtags close the gap between a ticker on the timeline and the market itself. He added that users can now trade with one of the brokerage partners when they post or tap a ticker, while also getting seamless access to the live chart and the conversation around it.
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