Telegram has introduced new trading and yield features to its self-custodial wallet, expanding crypto access for more than 100 million users. The update, developed by The Open Platform (TOP) on the TON blockchain, allows users to buy, sell, and hold multiple digital assets directly within the messaging app.
Previously, Telegram Wallet primarily supported Toncoin (TON), but it now includes Bitcoin, USDT on TON, and other assets like notcoin. The latest upgrade simplifies crypto transactions, eliminating the need for complex on-chain deposits. This change makes the platform more accessible to users unfamiliar with blockchain technology.
A key addition is the earn feature, which lets users generate yield by holding toncoin. While specific details on interest rates and holding requirements remain undisclosed, plans are in place to extend this feature to USDT and introduce a loyalty program for TON holders later this year.
Andrew Rogozov, CEO of TOP, highlighted the update’s impact, stating, “With the current update, Wallet now operates as a fully-fledged crypto platform within Telegram while remaining as simple and accessible as ever. We also plan to implement a loyalty program specifically for toncoin holders to further boost the adoption of the TON Ecosystem.”
Telegram’s deeper integration with blockchain technology is playing a role in its financial strategy. The company’s crypto initiatives have contributed to recent profitability, reinforcing the importance of digital asset adoption within its ecosystem.
With 950 million monthly active users, Telegram is positioning itself as a key player in mainstream crypto adoption. The expansion of its TON-based wallet ecosystem could drive broader engagement with digital finance worldwide.