Telegram Crypto Wallet Unveils Trading and Yield Features for Users

Telegram’s crypto wallet, developed by third-party company The Open Platform (TOP), has rolled out new features that expand its capabilities beyond simple messaging integration. The latest updates bring multi-asset trading and yield options to users of the wallet, which operates on the TON blockchain. Originally launched in 2023, the wallet has already attracted over 100 million account holders, according to TOP. The company highlighted that a significant portion of these users were previously unfamiliar with cryptocurrencies, signaling the wallet’s role in broadening access to digital assets.

The wallet initially centered on Toncoin, a cryptocurrency tied to the Telegram ecosystem, enabling payments for tipping creators, playing minigames, or purchasing within apps. Alongside Toncoin, the wallet supports Bitcoin and Tether on the TON blockchain, with additional currencies like Notcoin added since its debut. With the recent update, TOP has streamlined the experience, allowing users to buy, sell, or hold cryptocurrencies without requiring on-chain deposits. This change lowers the entry barrier for newcomers interested in exploring crypto trading or investment.

Beyond trading, TOP has introduced an earning feature tied to holding Toncoin. Users who maintain a specific balance can earn a yield, averaging around 4%, though this rate fluctuates depending on validators’ rewards. Looking ahead, the company plans to extend yield opportunities to USDT holders and introduce loyalty programs for Toncoin users later this year. These additions aim to enhance the wallet’s appeal within Telegram’s vast user base, which exceeds 950 million monthly active users, as noted by Telegram founder Pavel Durov last December.

A Revamped User Experience and Future Plans

The update also includes a refreshed interface, featuring a navigation bar at the bottom of the wallet for seamless switching between Wallet, Trade, and Earn sections. Andrew Rogozov, CEO of TOP, emphasized that these changes transform the wallet into a comprehensive crypto platform while keeping it straightforward and approachable. He added that the planned loyalty program for Toncoin holders is intended to deepen engagement with the TON ecosystem, aligning with the company’s vision of an open and accessible market.

The rollout of these features begins in March and April, though TOP cautioned that availability may vary by region due to local regulations. Earlier this year, it was reported that the Telegram blockchain may be moving to the U.S. based on favorable regulatory changes, but hasn't just yet. This wallet update arrives as Telegram itself has achieved profitability, a milestone Durov attributed in part to cryptocurrency integrations supporting content and mini-app payments. The wallet’s evolution reflects a growing synergy between Telegram’s platform and digital currencies, positioning it as a hub for both communication and financial activity.

For users, the expanded functionality offers a practical way to engage with cryptocurrencies directly within Telegram, eliminating the need for external platforms. By combining trading, holding, and earning options, TOP aims to cater to both seasoned crypto enthusiasts and those taking their first steps into the space. As the wallet continues to develop, its integration with Telegram’s ecosystem could further drive adoption, leveraging the app’s massive reach to bring digital assets to a wider audience.