Telegram Expands TON-Based Wallet With Trading and Earn Capabilities

Telegram is pushing deeper into crypto. The messaging giant's self-custodial wallet developed by The Open Platform (TOP) on the TON blockchain has rolled out multi-asset trading and yield features

Messaging giant Telegram is expanding the capabilities of its self-custodial crypto wallet, introducing multi-asset trading and earn features on the TON blockchain.

The wallet, developed by Telegram's subsidiary The Open Platform (TOP), was initially launched in early 2023 and focused on storing and managing Toncoin (TON). It is now expanding to include support for bitcoin, USDT on TON, and newer assets like notcoin.

The update also brings multi-asset trading to Telegram's user base of more than 100 million. Users will be able to buy, sell, or hold crypto directly within Telegram without needing to perform any complex onchain deposits, making it easier for beginners to get started.

Another addition is an earn feature, which will enable users to receive yield for holding toncoin in their Telegram wallets. However, details such as the APR, minimum holding amounts, and the timeframe for the launch remain undisclosed.

Support for USDT yields and a loyalty program for TON holders are also expected to be introduced later this year.

“With the current update, Wallet operates as a fully-fledged crypto platform within Telegram while remaining as simple and accessible as ever,” said TOP CEO Andrew Rogozov.

“We also plan to implement a loyalty program specifically for toncoin holders to further boost the adoption of the TON Ecosystem,” he added.

Telegram and TOP are continuing to build on their momentum in the crypto space. Earlier this year, reports stated that Telegram's blockchain initiatives had contributed to the messaging app becoming profitable for the first time in its history.

Moreover, Telegram's vast user base of 950 million monthly active users could make it a key player in driving mainstream crypto adoption as TOP's TON ecosystem expands globally.