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X Claims 'Cashtags' Launch Drove $1B in Global Trading Volume Since Tuesday Launc

X Claims 'Cashtags' Launch Drove $1B in Global Trading Volume Since Tuesday Launc


  • Markets
  • Cryptocurrency
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    Posting to X, Nikita Bier – the social media platform's Head of Product – claimed that newly launched "Cashtags" functionality has driven $1B in global trading volumes since debuting Tuesday night.
    • Insane Volumes: Based on "aggregated data from [its] trading pilot," X Head of Product Nikita Bier claims that social media platform's "Cashtags" have "driven a estimated $1 billion in trading volume globally since launching on Tuesday night." No further specifics were provided regarding how the data was sourced.
    • New Functionality: X's newly launched "Cashtags" allow iPhone users in the U.S. and Canada view financial data on stocks and select cryptocurrencies from directly within the mobile application.

    Author

    Jack Inabinet

    Source

    finance.yahoo.com

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