X Says It Will Not Offer Direct Bitcoin or Crypto Trading
Social media company X has moved to quash circulating reports that it would launch a built-in cryptocurrency exchange, confirming it will not provide direct Bitcoin or other crypto trading services to users. The company’s statement closes a chapter of speculation that followed its earlier forays into payments and crypto-related features, and reflects the operational and regulatory complexities platforms face when entering financial services.
The announcement matters because it tempers expectations for mainstream on-platform crypto access and could influence retail sentiment around Bitcoin adoption through major social networks. Market impact is likely limited in the near term, but the clarification removes a potential growth narrative for user-facing crypto tools on X. Users and traders should watch for formal product updates rather than rely on rumor-driven speculation.