$BTC X Platform Cryptocurrency Trading Plan Attracts Market Attention

Elon Musk's X platform has recently been reported to be accelerating the promotion of cryptocurrency trading functions, planning to integrate mainstream digital currencies such as Bitcoin and Ethereum into its payment system X Money. Internal documents show that this feature may be piloted in some states in the U.S. by the end of 2024, pending approval through state-level money transmission licenses.

This move is seen as a key step for Musk in building a "financial super app." Previously, X has obtained payment licenses in multiple U.S. states and collaborated with eToro to support stock trading. However, regulatory compliance remains the biggest challenge, as the SEC's tough stance on cryptocurrencies may delay the process.

Analysts point out that if successful, X could become the first Western platform to integrate social, payment, and cryptocurrency trading, but volatility risks may affect user experience. Currently, the official timeline has not been clearly responded to.