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Binance Lists Decentralized and Open L1 Blockchain Toncoin (TON) on its Platform

Published

3 months ago

on

Binance

Cryptocurrency exchange Binance, today announces the listing of Toncoin on its platform. Toncoin is a decentralized and open L1 blockchain, created by the community using a technology designed by Telegram.

The trading for Toncoin is live from 2024-08-08 10:00 (UTC) on Binance under the spot trading pair TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY. However, the withdrawals for TON are allowed from 2024-08-09 10:00 (UTC) as per the official blog post.

The price of TON surges by more than 10% soon after the listing announcement. At press time TON is trading at $6.29 and the price is up by 12.25% (1d). If we look at the trading volume then it’s up by 240.46% as per CoinMarketCap.

Toncoin (TON) is the 8th largest cryptocurrency in terms of market cap. Currently. its market cap is $15,867,922,856.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.