In a significant development for the cryptocurrency community, Binance, the world’s leading crypto exchange by trading volume, has announced the listing of The Open Network (TON) for spot trading. Originally developed by the Telegram team led by Pavel Durov, TON represents a third-generation innovative blockchain platform poised to make a significant impact.
For users engaged in spot copy trading, TON pairs can be integrated into their “preferred personal pairs” settings within the spot copy trading preferences. This integration aims to provide a seamless trading experience for those looking to explore new digital assets.
Binance has issued a caution regarding TON, emphasizing that it is a new token with higher-than-usual risks and likely subject to significant price volatility. Users are advised to implement robust risk management strategies and conduct thorough research to fully understand the project before engaging in trading activities.
Additionally, Binance has outlined specific geographical restrictions for the trading of TON. The token will not be available to users from Canada, Cuba, the Crimean region, Iran, Japan, the Netherlands, North Korea, Syria, the United States and its territories (including American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the US Virgin Islands), and any regions not under Ukrainian government control.
Trading for TON will be available starting August 8 at 10:00 AM (UTC) with pairs including TON/BTC, TON/USDT, and TON/FDUSD. Binance had previously introduced support for USD-M perpetual contracts based on The Open Network on March 1.
As of this announcement, deposits in TON are already open, with withdrawals from spot accounts becoming available on August 9. This move by Binance underscores the growing interest and adoption of TON within the cryptocurrency market.