Telegram’s crypto wallet, developed by The Open Platform (TOP) on the The Open Network (TON) blockchain, has introduced new features like multi-asset trading and yield-earning options.

Since its 2023 debut, over 100 million users have registered, many of them new to crypto.

The wallet supports toncoin, bitcoin, and USDT on the TON blockchain, allowing users to trade, buy, and hold assets without on-chain deposits.

The update includes yield-earning options for toncoin, with average yields around 4%, and future plans for USDT staking and toncoin loyalty programs. The interface has also been redesigned with an improved navigation bar for better access to Wallet, Trade, and Earn sections.

The rollout is planned for March and April, though some features may face regulatory restrictions in certain regions.

Telegram, with over 950 million monthly active users, continues integrating crypto to diversify its revenue. Co-founder Pavel Durov confirmed the platform reached profitability at the end of 2024.