Binance Lists Toncoin (TON) With Four Trading Pairs, Seed Tag Applied

Binance, the world's largest crypto exchange by trading volume, has announced the listing of Toncoin (TON) on its platform.

Binance to List Toncoin (TON) on August 8

World’s largest crypto exchange to add TON with four trading pairs and a 0 BNB listing fee.

The Open Network’s native cryptocurrency set to become more accessible to traders.

Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the listing of Toncoin (TON) on its platform.

According to a statement shared with CryptoSlate on August 7, 2024, Binance will open trading for TON on August 8, 2024, at 10:00 UTC. The token will be available to trade against BTC, USDT, FDUD, and TRY pairs.

Binance has also applied a seed tag to the TON listing, which signals to users that the token is still in its early stages of development. The exchange noted that users should conduct their own research and be vigilant when engaging in trades outside Binance’s platform to avoid potential scams and ensure the safety of their funds.

Deposits for TON are now available on Binance, allowing users to prepare for trading ahead of the official launch. Withdrawals will be enabled 24 hours after trading begins, starting from August 9, 2024, at 10:00 UTC.

Crucially, Binance has set the listing fee for TON at 0 BNB, its native token, for this round of trading.

Toncoin is the native cryptocurrency of The Open Network (TON) blockchain, which was initially developed by the Telegram team. It serves as the lifeblood of the TON ecosystem, facilitating transactions, supporting decentralized applications (dApps), and enhancing network security through staking.

The TON network’s decentralized finance (DeFi) ecosystem has grown significantly since its launch, with its total value locked (TVL) now exceeding $160 million, according to DeFi Llama.

This listing follows Binance’s earlier launch of TON futures trading on March 1, which signaled growing interest and demand for the token. The addition of TON to Binance’s spot trading platform is likely to make it more accessible and liquid for a wider range of traders and investors.

In July, the TON blockchain launched gasless transactions through a new wallet standard, which aims to simplify user experience and reduce friction in DeFi interactions.

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