Elon Musk has once again drawn the attention of the online community by announcing X's plans to implement trading features. This will create a new financial ecosystem around the well-known social network.
AI Grok and Its Capabilities
Grok, X's built-in AI assistant, will analyze market trends, token movements, and wallet data for traders. With Grok, users will be able to monitor changes in real-time without leaving the app.
Transforming X into a Financial Super App
Potential app features may include buying and selling stocks and cryptocurrencies, tracking wallets, subscribing to influential signals, and auto-copying trades based on AI analysis. This will turn X into an all-encompassing financial app.
Potential Risks for Crypto Exchanges
Cryptocurrency platforms like Binance and Coinbase may face challenges if X offers zero-fee or low-fee trading. The platform already boasts over 550 million users, creating significant competitive pressure.
The technological changes initiated by Elon Musk could transform X into a unique platform for trading and social interactions, threatening traditional exchanges and altering the financial ecosystem.
