Binance Finally Lists Toncoin (TON) – Price Jumps 10%

Binance, the world's largest cryptocurrency exchange, has officially listed Toncoin (TON) for spot trading, leading to a significant price surge of over 10%.

Trading for Toncoin began today at 10:00 UTC, with pairs available against Bitcoin (BTC), Tether (USDT), FDUSD, and Turkish Lira (TRY). Withdrawals from spot accounts will be enabled starting tomorrow, August 9.

Toncoin’s current trading price is $6.36, and its market capitalization has reached $16 billion, positioning it as the eighth-largest cryptocurrency by market cap. The trading volume has surged by over 120%, amounting to $757 million, reflecting growing interest in the token.

However, it’s worth noting that Toncoin has been labeled with a “seed” tag on Binance, indicating its higher volatility and risk due to being in the early stages of its development.

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This listing was anticipated, as Binance had already started supporting Toncoin in other ways earlier this year. In March, Binance integrated support for Toncoin through perpetual altcoin futures, and in June, it added support for Tether (USDT) on the Toncoin network. The latest move by Binance has further boosted Toncoin’s visibility and trading activity.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.