Binance Announces Toncoin Listing for Spot Trading

The world’s largest cryptocurrency exchange by trading volume, Binance, has announced the listing of Toncoin (TON) for spot trading.

Binance will list @ton_blockchain $TON with Seed Tag applied.

Details here ? https://t.co/q4pmNujPmp pic.twitter.com/9ZTFAA2fq8

— Binance (@binance) August 8, 2024

Trading of the asset will be available from August 8 at 13:00 (Kyiv/MSK) in pairs TON/BTC, TON/USDT, TON/FDUSD. The exchange added support for USDⓈ-M perpetual contracts based on The Open Network back on March 1.

At the time of writing, the option to deposit TON is already open. Withdrawals from spot accounts will be available on August 9. 

The new asset has been assigned a Seed tag, which is used to classify cryptocurrencies in the early stages of development.

Over the past 24 hours, the price of TON has risen by 6.3%, according to CoinGecko. The asset ranks ninth with a market capitalization of $15.2 billion. 

In June, Binance added support for the USDT stablecoin on The Open Network.

In May, the trading platform saw the listing of the Notcoin token from the eponymous gaming Web3 project.