X Product Head Clarifies That 'Smart Cashtags' Will Not Handle Trading Execution

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X product head Nikita Bier confirmed that 'Smart Cashtags' will not execute trades or act as a broker. Instead, the feature will redirect users to external partners for execution. The tool, which enables direct trading of stocks and crypto on timelines, will focus on financial data and integrations. The move comes amid ongoing crypto exchange news and as markets await key inflation data. Launch is expected in weeks.

Odaily Planet Daily reports: Nikita Bier, Head of Product at X, posted on the X platform: “X does not handle trade execution or act as a broker; it is solely building financial data tools and links.”

This means that transaction actions initiated by users on the X frontend will be redirected to external broker or exchange partners for execution.

Previously, Nikita Bier stated yesterday that X will launch several features within weeks, including "Smart Cashtags," which will allow users to trade stocks and cryptocurrencies directly from their timeline.

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