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.
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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.
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).
While Musk’s history with Dogecoin and the crypto ecosystem is well known, his vision to turn the site into super that has the ability to conduct the “entire financial world” holds the key. Also, Musk had briefly replaced the famous Twitter logo with that of Dogecoin in the first week of April 2023, to the surprise of many in the finance industry.
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