The social media platform X, formerly known as Twitter, will soon enable users to buy and sell cryptocurrencies and stocks directly on the platform. According to the company’s product head, users will be able to trade via ticker symbols embedded in posts, streamlining and accelerating the investment process. This move comes amid growing global interest in cryptocurrencies and online stock markets. X’s new feature aims to combine social networking with financial transactions in one place, distinguishing it from other social media and financial platforms.
Since Elon Musk’s acquisition of Twitter and its rebranding as X, the company has introduced several new features, including payment services and live event streaming. With the upcoming launch of crypto and stock trading, X plans to expand its financial service offerings to its user base, potentially boosting its business model and revenue streams. However, the volatile nature of the crypto market and evolving financial regulations pose risks for investors, necessitating caution. Overall, X’s initiative represents a significant step towards integrating technology with finance, providing users with easier access to financial markets while modernizing the social networking experience.
Source: coindesk
