Toncoin

Toncoin (TON) is a leading cryptocurrency, ranking among the top 10 by market capitalization. Despite recent price corrections, TON remains robust, trading above $7. However, the token faces significant hurdles with exchange listings, being excluded from major platforms like Binance and Coinbase.JOIN CRYPTOS HEADLINES<a href="https://t.me/CryptosHeadlines" rel="noopener noreferrer nofollow">TELEGRAM CHANNEL</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/cb3206bee8a74028a59af22681a64e53.svg&#43;xml" />This exclusion stems from regulatory issues in the U.S. market, making TON one of the few successful cryptocurrencies not available on these top exchanges.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/36abb6f5acfa461388c98c0e312d6715.png" /><h3 id="regulatory-issues-impacting-toncoin-s-exchange-listings">Regulatory Issues Impacting Toncoin’s Exchange Listings</h3>A major source of skepticism surrounding Toncoin (TON) is the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Telegram, Inc. In late 2019, the SEC barred Telegram from issuing Grams, the initial tokens of the project. Although Toncoin has rebranded and adopted a new strategy, the legal battle with the SEC continues to impact the token, raising concerns for exchanges that deal with U.S.-based clients.The 2019 ban on selling Grams was enforced by a single U.S. judge and was intended to prevent the tokens from being sold globally, due to fears of their resale in the U.S. market. This legal backdrop remains a significant factor affecting Toncoin’s potential <a href="https://cryptosheadlines.com/wif-token-surges-100-on-major-exchange-listing-in-solana-space/" rel="noopener noreferrer nofollow">listing on major exchanges</a> like Binance and Coinbase.<h3 id="toncoin-s-market-activity-and-exchange-listing-challenges">Toncoin’s Market Activity and Exchange Listing Challenges</h3>Toncoin is a highly active cryptocurrency network, boasting nearly 600 million Tether (USDT) as a native asset. The network also supports numerous active bots, similar to Solana’s model. Despite its impressive activity and growing user base, Toncoin faces hurdles in securing listings on major exchanges.Alastair Caithness, host of the “Boom! It’s on the Blockchain!” podcast, suggested that Binance might be hesitant to list Toncoin due to its own established blockchain, Binance Smart Chain. Listing Toncoin could be seen as promoting a significant competitor to Binance’s future growth.<a href="https://cryptosheadlines.com/cardanos-ada-poised-for-growth-with-ibc-protocol/" rel="noopener noreferrer nofollow">Also Read: Cardano&#39;s ADA Poised for Growth with IBC Protocol</a>Recently, Toncoin has demonstrated strong competition even against Ethereum in terms of daily active users. With 9.6 million daily active wallets, Toncoin outpaces Ethereum’s 300,000 to 500,000 daily active wallets. The <a href="https://cryptosheadlines.com/bnb-chain-retain-position-as-most-active-network/" rel="noopener noreferrer nofollow">network’s activity</a> is further boosted by popular bots like Banana Gun, contributing to an estimated 32 million total users.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/36abb6f5acfa461388c98c0e312d6715.png" /><h3 id="toncoin-s-ecosystem-and-market-position">Toncoin’s Ecosystem and Market Position</h3>The Toncoin network and its codebase are managed by an international community of voluntary developers, with 13 core developers currently supporting its growth. Originally branded as the Telegram Open Network (TON), Toncoin retains close ties to the Telegram app, which serves as a <a href="https://cryptosheadlines.com/hong-kong-regulates-otc-crypto-trading-platforms/" rel="noopener noreferrer nofollow">platform for both communication and crypto trading</a>. Toncoin was rebranded from the initial project created by Pavel and Nikolai Durov.The open-source blockchain now supports 4 to 5 million monthly active users, with over 1 million tokens active on the network. This growth is driven by trends such as gaming, NFTs, decentralized finance, trading bots, and meme tokens. Toncoin also supports mini-apps with micropayments, enhancing the usage and supply of USDT.Despite its robust features and activity, Toncoin has limited exchange listings. To address this, the newly launched Notcoin (NOT) reflects the same ecosystem and has been <a href="https://cryptosheadlines.com/binance-lists-illuvium-ilv-perps-following-surging-demand/" rel="noopener noreferrer nofollow">listed on Binance</a>, emerging as a top liquid asset. In the past 24 hours, NOT increased by 10% to $0.017, <a href="https://cryptosheadlines.com/cardano-ada-bucks-market-trend-with-7-gains/" rel="noopener noreferrer nofollow">bucking the broader market trend</a>.The Telegram app is linked to Toncoin through its advertising revenue programs, such as Telegram Ads and Adsgram, which collectively deliver up to 8 million impressions. These platforms contribute to Toncoin’s banner and video ad economy.<a href="https://cryptosheadlines.com/lunc-eyes-recovery-as-binance-burn-approaches-after-26-dip/" rel="noopener noreferrer nofollow">Also Read: LUNC Eyes Recovery as Binance Burn Approaches After 26% Dip</a>However, Telegram’s growing user base in the EU could lead to stricter regulatory requirements if it exceeds 45 million users. Additionally, while Telegram groups face challenges with scams and malicious links, these issues are not the primary concern for centralized exchanges regarding Toncoin.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/04dce641f7a1422887231e8cc24e5bff.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Why Toncoin Might Not Be Listed on Coinbase or Binance

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CryptosHeadlines.com

Інші статті, опубліковані 8 лип. 2024 р.

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