X may list cryptocurrency trading ‘button,’ Nikita Bier says to soon support direct trades

BlockBeats News, August 25th, Nikita Bier, former Product Lead at X, responded today to the comments regarding its "Limitation of Crypto Twitter Exposure," stating that during his tenure, the Cashtags feature was launched, which allows users to directly display Solana and Ethereum price charts in posts, and revealed that a cryptocurrency trading button is about to go live.

Bier stated that users can currently paste the contract address of newly issued tokens directly into X posts. With the addition of the trading button in the future, users are expected to be able to complete token transactions directly within the post without having to navigate to other trading platforms. The specific launch date, supported assets, and trading partners have not yet been announced.

Regarding the recent surge in the crypto market, Bier believes that the main reason is the US Treasury Department's expansion of long-term Treasury repurchase size, leading to expectations of the US dollar's devaluation. Previously, the US Treasury Department announced an increase in the size of some long-term Treasury repurchase operations to at least $40 billion, a move that has sparked discussions in the market about pressure on the US dollar.