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TON Wallet Launches for US Telegram Users After Regulatory Breakthrough

The how to buy bitcoin x networkOpen Platform’s TON Wallet, previously available only in Asia and Europe with 100M users, launches in the US market on July 22. American Telegram users can now trade Bitcoin, Ethereum, and other cryptocurrencies directly within the app.

Tristan GreeneBy Tristan Greene Marco T. LanzEditor Marco T. Lanz Updated 2 mins read
TON Wallet Launches for US Telegram Users After Regulatory Breakthrough
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Key Notes

  • TON Wallet becomes available to approximately 30 million US-based Telegram users after regulatory improvements.
  • The multi-chain wallet supports hundreds of cryptocurrencies with zero-fee dollar conversions and card withdrawals.
  • Previous Asian and European launches accumulated over 100 million users since the 2023 market debut.

The Open Platform announced they are rolling out their integrated TON Wallet to US customers starting July 22. The launch brings the native self-custodial, multi-chain wallet to American users, allowing them to access cryptocurrency holdings directly within the Telegram app.

TON Wallet is a multi-chain, self-custodial cryptocurrency wallet created and operated by The Open Platform on The Open Network blockchain. It provides users with the ability to buy, sell, and trade cryptocurrencies such as Bitcoin BTC $116 686 24h volatility: 1.2% Market cap: $2.32 T Vol. 24h: $34.74 B , Ethereum ETH $3 832 24h volatility: 5.1% Market cap: $462.52 B Vol. 24h: $29.03 B , Toncoin TON $3.32 24h volatility: 2.7% Market cap: $8.04 B Vol. 24h: $214.09 M , Tether USDT $1.00 24h volatility: 0.0% Market cap: $164.07 B Vol. 24h: $71.01 B , and, according to the company’s website, “hundreds more,” from directly within the Telegram app through its integrated interface.

Telegram Brings 100M-User Wallet to US Market

The Open Platform’s integrated TON wallet was launched in Asian and European markets in 2023 and has accumulated more than 100 million users, according to data from CryptoQuant. However, it was previously unavailable to US customers due to regulatory conditions.

The Open Platform (TOP) CEO Andrew Rogozov told CNBC that the recent shift in US government attitudes concerning cryptocurrency policy finally allowed Telegram to bring its wallet to the app’s nearly 30 million US-based users — CNBC reports 87 million US users, however Coinspeaker was unable to verify this figure.

Related article: Snoop Dogg Ignites NFT Mania Again, Selling Out in 30 Minutes on Telegram

According to a post on X from the TON Wallet account, US users who sign up for the integrated wallet will have access to the same features available in global markets including the ability to send crypto to friends in DMs, convert dollars to crypto with 0% fees, withdraw funds directly to their credit or debit cards, and earn passive income by holding tokens in their TON Wallets.

The US launch of the integrated TON wallet comes on the heels of other major market moves concerning the Telegram app. As Coinspeaker reported on June 16, former TON Foundation director Justin Hyun’s DeFi platform Affluent launched its cryptocurrency investment app on Telegram as a mini-app offering features including crypto yields and lending.

Editor’s Note: This article has been updated to correct factual inaccuracies regarding TON Wallet’s attribution and The Open Network’s proper name. The title and content have been revised to accurately reflect that TON Wallet is created and operated by The Open Platform, not Telegram or the TON Foundation.

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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Tristan Greene
Tristan Greene

Tristan is a technology journalist and editorial leader with 8 years of experience covering science, deep tech, finance, politics, and business. Before joining Coinspeaker, he wrote for Cointelegraph and TNW.

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