X's Cashtags Feature Generates $1 Billion in Trading Volume

X has reported generating approximately $1 billion in trading volume within two days following the launch of its Cashtags feature on Tuesday night. According to NS3.AI, X's head of product, Nikita Bier, stated that Cashtags allow users to link a specific asset or smart contract address to a ticker. When tapped, this feature opens a live price chart and related posts. Currently, the feature is available only to iPhone users in the United States and Canada, with Wealthsimple being the sole brokerage integration announced so far. Bier emphasized that X will not conduct trades directly but aims to offer financial data tools and routing links.