COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Elon Musk Dismisses Crypto Trading on X Despite Ongoing Hype
Share
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency News > Elon Musk Dismisses Crypto Trading on X Despite Ongoing Hype
Cryptocurrency NewsDogecoin (DOGE)

Elon Musk Dismisses Crypto Trading on X Despite Ongoing Hype

In Brief

  • Elon Musk has rejected rumors about X launching crypto trading features.

  • X will offer financial information tools, but not process crypto transactions.

  • Despite ongoing speculation, crypto trading remains off the table for X users.

İlayda Peker
İlayda Peker 2 months ago
Share
SHARE

When Elon Musk famously strolled into Twitter headquarters carrying a kitchen sink, expectations soared that he would shake up not just social media, but also the world of cryptocurrency. Many in the crypto space anticipated that Musk, once an influential figure in digital currencies, would take even bolder steps. Yet, as the industry endures prolonged bear markets, Musk has distanced himself from crypto, openly expressing disinterest—until new developments rekindled public attention.

Contents
Elon Musk’s Complicated Crypto JourneyExpectations for Crypto at X

Elon Musk’s Complicated Crypto Journey

Following 2020, Musk became a central figure in the cryptocurrency conversation, relishing his role as a catalyst for speculation. Events ranging from China’s sweeping bans to concerns about Bitcoin’s environmental impact—leading to its removal from Tesla’s books—were all part of the saga. His cryptic tweets about digital coins frequently sparked the emergence of new tokens, some of which, like Shiba Coin and Baby Doge, are still around, while many others faded into obscurity.

Expectations for Crypto at X

Musk’s support for Dogecoin even extended to jokingly proposing it should “go to the Moon.” On February 3, a fan asked him about this mission, to which Musk replied, “DOGE on the Moon is inevitable.” This fueled hopes that, after his acquisition of Twitter, Musk would introduce crypto payments on the platform. However, as Twitter transformed into X and months passed, Musk showed little interest in integrating cryptocurrencies, much to the disappointment of enthusiasts.

Speculation recently reignited with claims that X, under Musk’s leadership, would soon offer direct crypto trading services. X’s product chief was quick to address these rumors circulating across social media platforms.

“Nikita Bier has said Smart Cashtags will be launched in a few weeks, enabling users to trade stocks and crypto directly from their timeline,” one widely shared post claimed.

However, Bier quickly denied any plans for trading services.

“That’s incorrect. X doesn’t process trades or act as a broker. We’re simply building financial data tools and connections,” Nikita Bier clarified.

X Money, a financial services initiative closely associated with Musk’s acquisition of the company, has been underway almost since day one. The process has involved a lengthy effort to secure permits in every U.S. state, underscoring the scale of regulatory challenges. As regulatory approvals in most states near completion, it’s important to note that X has not submitted any license applications specifically for crypto-related services—a crucial detail for those expecting a crypto revolution on the platform.

Rumors are swirling that “Smart Cashtags”—which display financial data with real-time prices—will launch within a month as part of a broader X Money rollout, integrating financial insights into the platform. From the outset, Musk spoke openly of his ambition to emulate WeChat’s “everything app” model, or even exceed it, by integrating advanced features. This vision could include leveraging Grok AI to deliver live market data and sharper crypto commentary. Still, users hoping for direct crypto trading on X will find those hopes dashed for now.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Bitcoin dips $100 after Trump cancels Iran talks trip

Bitcoin risks sharp fall as June gains near 15 percent

Dogecoin drops 0.11 percent in 24 hours to $0.0979

XRP sees $35 million exchange outflow as price tightens

Bitcoin tops $77,000 as April gains hit 13.6%

İlayda Peker 15 February, 2026 - 6:39 pm 15 February, 2026 - 6:39 pm
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article AI Accelerates Smart Contract Audits in Blockchain Ecosystem
Next Article Bitcoin Slips Below $70,000 as Altcoins Face Renewed Selloff
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Solana struggles below $88 as sellers pressure price
Solana (SOL)
Teucrium launches first 2x leveraged BNB ETF at US exchanges
Binance Coin (BNB)
Bitcoin drops below $78,000 after Trump scraps Iran talks
Bitcoin (BTC)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
COINTURK NEWS 2026
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?