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Breaking: 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.
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: X is about to release its own stock trading platform
Almost every trading platform on the planet supports crypto
With X coin coming it’s hard to imagine a world where crypto isn’t on hundreds of millions of phones pic.twitter.com/JsaKBjCsoZ
— NFT God (@NFT_GOD) 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).
