How Has Toncoin Changed After Being Listed on Binance?

Binance has listed Toncoin on its spot market, recognizing the token's growth and its integration with Telegram.

Toncoin On Binance

Recently, Binance expanded its spot market by incorporating Toncoin (TON), the native token of The Open Network. Recognizing the potential of TON as a community-driven initiative, Binance aims to foster the development of a more interconnected and decentralized digital ecosystem.

Binance praised the integration of Toncoin with Telegram. Toncoin has demonstrated substantial growth potential, contributing to a more cohesive and decentralized digital ecosystem. By listing TON for spot trading, Binance acknowledges the project’s innovative nature and volatility. In a subsequent announcement, the exchange highlighted TON’s scalable architecture, rapid transaction speeds, and Telegram integration.

Binance Lauds Toncoin’s Telegram Integration

The Open Network offers a flexible multi-blockchain architecture, ensuring compatibility with a variety of decentralized applications (dApps). It is more energy-efficient than other proof-of-work (PoW) cryptocurrencies like Bitcoin (BTC) and benefits from robust integration with Telegram, providing a strong foundation.

Toncoin
Toncoin

According to Binance, TON’s association with Telegram positions the network to significantly impact various sectors, including payment systems, decentralized finance (DeFi), content distribution, gaming, and social media. The Telegram ecosystem has made a notable impact in the crypto space. Its large and dynamic user base makes it an ideal platform for token issuance and distribution.

Telegram has recently unveiled an in-app browser supporting decentralized websites, bringing Web3 closer to nearly one billion users. This addition enriches Telegram’s growing list of enhancements, further solidifying its leadership in digital communications.

“This new feature will enable Telegram to function as a fully operational wallet. With millions of active users, the integration of Telegram with TON Sites marks a significant leap towards broader adoption of decentralized Web3 technologies,” stated Paweł Łaskarzewski, CEO and Co-founder of Nomad Fulcrum Hedge Fund.

Toncoin Chart
Toncoin Chart

In addition to these advancements, Telegram has emerged as a hub for crypto gaming. Popular tap-to-earn games have gained traction by leveraging Telegram’s massive user base.

One standout application is Hamster Kombat, which, despite declining venture capital (VC) funding, has attracted over 300 million users. Other popular tap-to-earn projects on Telegram, such as Notcoin and Catizen, have generated $16 million from in-app purchases.

Despite these impressive achievements, the Telegram ecosystem has faced various challenges, both present and past. It has a history of conflicts with the U.S. Securities and Exchange Commission (SEC) over alleged securities law violations. Additionally, security firms have previously identified fraudulent activities within Telegram’s messaging channels. These issues continue to pose a threat to the platform’s reputation.

(1 vote)

5.0/5

(1 vote)

Latest

Ai Boom Propels Bitcoin Miners To 500% Gains, Outpacing Btc Itself

News | Bitcoin | Editor Choice

AI Boom Propels Bitcoin Miners to 500% Gains, Outpacing BTC Itself

AI-fueled revenues keep miners resilient — could that stability lift Bitcoin out of its October slump?

Bnb Plunges After Being Added To Coinbase’s Listing Roadmap

News | Altcoin | Editor Choice

BNB Plunges After Being Added to Coinbase’s Listing Roadmap

BNB’s price has tumbled sharply in recent days, despite the positive news that the token is set to be listed on Coinbase.

Hyperliquid Leads The $1.4 Billion Token Buyback Wave Sweeping Through Crypto In 2025

News | Altcoin | Editor Choice

Hyperliquid Leads the $1.4 Billion Token Buyback Wave Sweeping Through Crypto in 2025

The year 2025 is witnessing the largest token buyback wave in crypto history, as blockchain projects have spent over $1.4 billion to reduce circulating supply — and Hyperliquid is leading the charge with an unprecedented scale.

Binance Selling Pressure Weighs On Bitcoin

News | Bitcoin | Editor Choice

Binance Selling Pressure Weighs on Bitcoin, But ‘Uptober’ Could Soon Turn the Tide

Despite the ongoing selling pressure, analysts at CryptoQuant believe this is only a short-term correction before Bitcoin’s typical late-October rebound — the so-called “Uptober” — begins.

Binance Completes Gopax Acquisition, Paving The Way For A South Korean Comeback

News | Editor Choice | Policy & Regulations

Binance Completes Gopax Acquisition, Paving the Way for a South Korean Comeback

According to a report from South Korean outlet MK, the world’s largest cryptocurrency exchange Binance has officially completed its acquisition of Gopax, one of the five licensed digital asset exchanges in South Korea.