Telegram’s crypto wallet is set for a major upgrade. In the next two months, Wallet in Telegram, a third-party custodial crypto service, will introduce support for at least 50 new tokens and launch a yield program, allowing users to earn passive income on assets like Tether’s USDt.
Managed by The Open Platform (TOP), Wallet in Telegram is an integral part of the TON (The Open Network) ecosystem. Since its inception in 2023, the wallet has attracted over 100 million users, many of whom are new to the crypto space. Initially focused on Toncoin (TON) transactions, Wallet in Telegram has gradually expanded its functionalities. The upcoming upgrade will solidify its status as a full-fledged trading and earning platform within Telegram.
50 New Tokens, Including Major Cryptos and Memecoins
As part of the expansion, Wallet in Telegram will integrate a diverse set of cryptocurrencies, including:
- Ethereum (ETH)
- XRP
- Dogecoin (DOGE)
- Pepe (PEPE)
- Various other altcoins and stablecoins
While the final list of tokens is still being finalized, the initial rollout will feature 50 assets, with more to follow in subsequent updates.
One of the most anticipated features in the upcoming update is the ‘Earn’ program, which will provide yield-earning opportunities for users holding certain cryptocurrencies. The program will start with Toncoin (TON), with a minimum deposit requirement of 0.1 TON, offering a flexible yield generated from TON staking.
Source: Wallet in Telegram
Later, the program will expand to include USDt (Tether) and additional altcoins. This initiative aims to boost engagement within the TON ecosystem while giving users a way to passively grow their holdings.
Initially, non-TON tokens will be restricted to in-app transactions only. This means users will be able to buy, sell, and hold supported assets within the custodial wallet but won’t have the option to deposit or withdraw them on-chain. According to Wallet’s team, this limitation ensures smooth integration while maintaining a focus on the TON ecosystem. However, full functionality could be added in future updates.
Enhanced On-Ramp Options for Crypto Purchases
To make crypto purchases more accessible, Wallet in Telegram is expanding its on-ramp options. In March, Mercuryo, a crypto infrastructure firm, integrated its on-ramp solution into the wallet, allowing users to buy BTC, TON, and USDtwith fiat currencies like USD and EUR. Further enhancements, including off-ramp (withdrawal) capabilities, are expected to roll out in Q2 2025.
Wallet in Telegram has undergone several updates, including a redesigned navigation system, making it easier for users to switch between the Wallet, Trade, and Earn sections. Additionally, loyalty programs for Toncoin holders are in development, further incentivizing participation in the ecosystem.
With over 950 million monthly active users on Telegram, the integration of expanded crypto functionalities could significantly boost adoption. As regulatory environments evolve, Wallet in Telegram is expected to adapt and expand its services, making crypto trading and earning more accessible to users worldwide.
The new wallet update will begin rolling out in March and April 2025, with certain features potentially restricted in some regions due to local regulations.
Emmanuel Ekokotu
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