Share this article
Elon Musk's X to Offer Investments, Trading 'Soon:' FT
"Soon you're going to be able to live your whole financial life on the platform," CEO Linda Yaccarino said
Updated Jun 19, 2025, 5:01 p.m. Published Jun 19, 2025, 3:34 p.m.
What to know:
- X will "soon" allow users to make investments or trades on the platform," CEO Linda Yaccarino said.
- X partnered with Visa to develop "X Money" earlier this year as a digital wallet and peer-to-peer payment service.
- The development forms part of Elon Musk's ambition to turn X into a super app, akin to the Chinese app, WeChat.
Elon Musk's X is stepping up its push to turn the social media platform into an "everything app," the Financial Times reported on Thursday.
The platform, formerly known as Twitter, will "soon" allow users to make investments or trades on the platform, CEO Linda Yaccarino told the newspaper in an interview at the Cannes Lions advertising festival.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"Soon you're going to be able to live your whole financial life on the platform," Yaccarino said in a panel appearance at the same event, listing peer-to-peer (P2P) payments, storing value, paying creators or watching pay-per-view (PPV) events as examples.
X partnered with Visa to develop "X Money" earlier this year as a digital wallet and P2P-payment service. This forms part of Musk's ambition to turn X into a super app, akin to the Chinese WeChat, which offers numerous retail and financial services as well as messaging.
Elon Musk has become closely associated with cryptocurrency over a number of years, due to his fondness for memecoin DOGE and the 11,500 BTC ($1.2 billion) that his electric-car manufacturer Tesla holds.
As such, crypto observers will think it likely that any plans Musk has for X to provide financial services will involve cryptocurrency in some form.
X did not immediately respond to CoinDesk's request for comment.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Nasdaq, home of Coinbase, Strategy stocks, seeks 23-hour trading amid investor demand
Crypto's 24/7 trading has influenced investor expectations, with Nasdaq acknowledging that many of its clients are already active overnight.
What to know:
- Nasdaq plans to expand stock and exchange-traded product trading to 23 hours a day, five days a week, according to a filing.
- The move follows similar initiatives by the New York Stock Exchange and reflects growing global demand for extended market access.
- Always-on cryptocurrency trading has influenced investor expectations, with Nasdaq acknowledging that many of its clients are already active overnight.
Top Stories
