The post Why Binance is Aggressively Listing TON Ecosystem Tokens? appeared on BitcoinEthereumNews.com.

Binance lists five TON tokens, surprising the market. Colin Wu and WuliGy discussed the TON ecosytem and how it interacts with exchanges like Binance. New markets and new users from this popular social media app can offer great benefits to exchanges. Binance Targets New Markets on Telegram On an episode of the Wu Blockchain podcast, Colin Wu sat down with WuliGy to discuss one question: why is Binance listing so many TON tokens? Binance has endured price shakeups at the same time after listing the NEIRO meme coin, so this and other questions are especially relevant to the broader market. How will TON distinguish itself? What is Binance’s long-term goal? Read More: What Are Telegram Mini Apps? A Guide for Crypto Beginners The pair claimed that Binance is listing these five TON tokens to bank on new regional access. Notcoin triggered a wave of new TON investment when Binance added it in May 2024, ushering in a wave of mini apps. As far as exchanges like Binance are concerned, the name of the game is “attract new users.” Telegram has nearly 1 billion active users, and even tiny percentages of these could mean big daily trade volumes. Moreover, new markets for users also attract Binance. “The ecosystems behind these tokens have huge potential, especially in regions like CIS, South Asia, and areas where credit cards are less common. As they gradually embrace Web3 and crypto payments, the potential for growth is immense,” WuliGy said. Telegram User Growth. Source: Backlinko Telegram is particularly attractive for this, with its higher levels of adoption outside the West. Telegram’s servers host channels with tens of thousands of members, and there are deep connections within language groups. For example, Russian-speaking developer’s teams from different TON projects are often “backed by connected teams,” said WuliGy. Even…

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Filed under: News - @ September 18, 2024 5:24 am