Unlock Instant Token Access with Innovative Custodial Solutions Revolutionizing Finance
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Telegram Wallet has announced a significant expansion of its custodial services, adding 50 new tokens to its platform. This update marks a major milestone for the wallet’s growth and development as it seeks to provide users with a more comprehensive trading experience.
According to a statement released by The Open Platform (TOP), Telegram’s largest venture builder in the TON ecosystem, the addition of these new tokens is part of their strategy to promote cryptocurrency adoption through Telegram. With this move, users will now have access to a wider range of digital assets, including Ethereum (ETH), XRP, Dogecoin (DOGE), and Pepe (PEPE).
The wallet’s first phase will focus on the addition of non-TON tokens, which will be available for trading purposes only within the app. However, it is essential to note that on-chain deposits and withdrawals for these assets will not be available at launch.
In a statement, a Wallet in Telegram spokesperson emphasized the importance of maintaining a full range of operations for TON-native tokens while also acknowledging the need to provide users with options beyond those native to the ecosystem. The spokesperson stated, “We focus primarily on the TON Ecosystem and maintain a full range of operations for TON-native tokens within the custodial Wallet. At the same time, we see consumer interest in expanding the portfolio with other assets and want to provide them with such an option in trade-only mode.”
The yield program is another significant development that will allow users to earn returns on their crypto assets like Tether USDt (USDT). The initial phase of this program will be limited to Toncoin (TON), with a minimum deposit requirement of 0.1 TON. It is essential to note that no further details have been provided regarding the yield program, including additional asset support and specific return rates.
The addition of these new tokens is expected to take place over the next two months, with multiple phases of token additions planned.
