Coinbase Expands TON Trading, Boosting Institutional Adoption of Telegram's Blockchain

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Citing Bijiie, Coinbase has expanded $TON trading to all platforms, marking a significant step in institutional adoption and liquidity deepening for the Telegram Open Network (TON). TON, a high-throughput Layer-1 blockchain integrated with Telegram, is gaining traction as a robust investment option amid broader market volatility. TON Strategic Company (NASDAQ: TONX), which holds $TON, welcomed the move as validation of the ecosystem's growth trajectory. The launch of $TON spot trading on November 18, 2025, aligns with Coinbase's broader strategy to position itself as a global financial infrastructure hub, particularly in emerging markets like Brazil, where the exchange recently expanded its DeFi services. Analysts note that TON's growth contrasts with slower momentum in other major tokens like Chainlink (LINK), as TON leverages Telegram's 1 billion-user ecosystem to scale beyond niche use cases.

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