2 min read
Telegram has expanded the capabilities of its self-custodial crypto wallet, introducing trading and yield features to enhance its role beyond just a messaging platform. The wallet, developed by The Open Platform (TOP) and built on the TON blockchain, now supports multi-asset trading and an earning component, making it easier for users to engage with cryptocurrency.
TOP introduced the Telegram wallet in 2023 which attracted more than 100 million users primarily from customers new to cryptocurrency products. Toncoin serves as the main cryptocurrency of the wallet to enable users for creator tipping and in-app purchases inside Telegram’s platform. TOP offers wallet support for Bitcoin together with USDT (TON blockchain version) and Notcoin and other assets.
New crypto transaction features in the system let users manage digital assets between trades without requiring traditional on-chain fund transfers which makes it easier for novices to perform transactions. A new earning function has been integrated to enable users to earn yield based on their held Toncoin balance.
TOP plans to implement USDT support this year in addition to its yield generation feature for Toncoin holders and its upcoming loyalty programs for cryptocurrency owners. The redesign of Telegram Wallet introduced a new navigation bar that combines Wallet and Trade with Earn sections making it easier for users to access different features.
“This update enhances Wallet’s functionality to meet consumers’ expectations for an open and wide market. With the current update, Wallet now operates as a fully-fledged crypto platform within Telegram while remaining as simple and accessible as ever,” said Andrew Rogozov, CEO of TOP.
The new features will become available during March and April but selected capabilities might face limitations in select regions due to regulatory requirements.
Telegram recorded profitability through its 950 million monthly active users while cryptocurrencies served as a prime driver in its financial development. Recent wallet updates from Telegram advance the company’s strategic digital asset integration throughout its platform while establishing its leadership in crypto market evolution.
