Archive — US — techcrunch
Telegram introduces trading and yield features for its self-custodial cryptowallet
Telegram has enhanced its self-custodial crypto wallet, launching new trading and yield features for over 100 million users on the TON blockchain. These updates enable multi-asset trading, on-chain trading without deposits, and introduce yield opportunities on Toncoin, with a design aimed at simplifying crypto interactions for new users. The wallet aims to drive further adoption within Telegram's ecosystem.
Key points
- Telegram’s wallet, developed by The Open Platform, now supports multi-asset trading and yield functionalities.
- Launched in 2023, the wallet has attracted over 100 million users, mostly new to crypto.
- It primarily focuses on Toncoin but supports Bitcoin and USDT as well.
- Users can trade crypto without on-chain deposits, easing the entry for newcomers.
- The wallet now includes features for earning yields on Toncoin holdings, with plans for USDT yields and loyalty programs in the future.
- The update includes a redesigned interface for easier navigation among Wallet, Trade, and Earn features.
Why it matters
- The wallet's evolution aligns with the rising trend of integrating financial services within social media platforms, a concept gaining traction in 2025 with increased digital asset adoption.
- Historically, platforms like WeChat and Facebook have attempted to incorporate financial functionalities, making Telegram's initiative timely as cryptocurrencies and blockchain technologies gain mainstream acceptance.
- Telegram's profitability linked to crypto integrations highlights the financial potential and monetization strategies for messaging apps in a competitive digital landscape.
The updates to Telegram's wallet signify a pivotal shift toward simplifying cryptocurrency access and trading for millions, fostering broader crypto adoption while aligning with ongoing trends of integrated financial services in tech platforms.