X's new Cashtags feature drives $1B trading volume in first 2 days

Canadians using X’s Cashtags feature are directed to online brokerage Wealthsimple, but there is not yet an equivalent for US users.

Social media platform X has driven about $1 billion in trading volume from its new smart Cashtags feature, according to X’s head of product Nikita Bier.

The new feature allows users to view stock and crypto data directly from the app and is currently available only to US and Canadian users on iPhones.

Canadians can click through certain tickers to trade them on a third-party app.

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