Telegram Expands Wallet with Multi-Asset Trading, Adds 50+ Cryptocurrencies

Coin WorldFriday, Mar 14, 2025 12:46 am ET
1min read

Telegram, a widely-used messaging application with a user base exceeding 100 million, has recently bolstered its wallet feature by incorporating multi-asset trading and yield generation capabilities. This enhancement allows users to trade a variety of digital assets directly within the app, initially supporting Toncoin (TON), Bitcoin (BTC), and USDT. The newly introduced Trade section within the wallet offers a simplified interface for buying and selling these cryptocurrencies, making the process more accessible for those new to the crypto space.

The integration of multi-asset trading is a pivotal move for Telegram, as it seeks to embed more financial services into its platform. Users can now earn continuous rewards by trading and holding their assets, providing an opportunity to maximize returns without the need for complex trading platforms. This feature is particularly advantageous for users looking to optimize their investments within a familiar and user-friendly environment.

The wallet's interface has been refined to support these new features, ensuring that even users with limited cryptocurrency experience can easily navigate and utilize the trading and yield generation options. By integrating these financial services within the Telegram app, the platform aims to attract more users by offering a convenient and secure way to manage their digital assets. This move is expected to enhance user engagement and retention, as it provides a seamless experience for both communication and financial management.

The update also includes the addition of at least 50 new crypto assets, significantly expanding the range of options available to users. This includes major cryptocurrencies such as Ether (ETH) and XRP (XRP), as well as memecoins. The inclusion of these assets further diversifies the wallet's offerings, catering to a broader audience of crypto enthusiasts and investors. This expansion is likely to attract users who are interested in exploring a wider variety of digital assets within a single, integrated platform.

The development of these new features was handled by a third-party company, ensuring that the wallet remains secure and reliable. Telegram's self-hosted encryption technology adds an extra layer of security, protecting users' assets and personal information. This update is part of Telegram's ongoing efforts to provide a comprehensive suite of financial services within its messaging app, making it a one-stop solution for users' communication and financial needs. By continuously enhancing its wallet feature, Telegram is positioning itself as a leading player in the digital asset management space, offering users a seamless and secure experience.