Binance Launches TON Spot Trading on 8/8, Signifying Regulatory Risks Mitigated for TON?

Telegram is adopting the blockchain Ton (TON). Due to the high control of chips by the Ton Foundation, the currency price quickly rose to the top ten non-stable cryptocurrencies in the early stages. However, the largest exchange Binance has not yet listed trading pairs. Finally, on August 8th, it announced that it will list TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY trading pairs at 6 p.m. Taiwan time.

Telegram adopts the blockchain Ton TON. Due to the high control of chips by the Ton Foundation, the coin price quickly entered the top ten unstable cryptocurrencies in the early stages. However, the largest exchange Binance did not list trading pairs initially. Finally, on 8/8, it announced that TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY trading pairs will be available starting at 6 p.m. Taiwan time.

Can TON, which never falls, rely on them? Decrypting on the chain: The same group of TON Foundation miners mined 85% of the supply.

TON received strong support from the well-known venture capital firm Pantera this year, focusing on Telegram's large user base and its strategy resembling "WeChat Mini Programs." Through the meme coin and Tap to Earn click-to-earn money trend, TON's coin price has repeatedly hit new highs. However, the phishing scams and fake traffic issues on TON have also caused trouble for many users.

Although TON has received extensive support from the Russian and Chinese user communities, some are concerned about TON's regulatory risks. The initial coin offering of TON was originally subject to a lawsuit from U.S. regulators, although it later bypassed regulations by claiming "community-led development," concerns still exist in this regard.

Now, with TON trading pairs listed on the supposedly most compliant exchange Binance, it may also indicate that the "regulatory risk" is no longer a concern, potentially bringing more freedom to the TON community.

As regulations mature, Telegram includes exchanges, wallets, financial products, token issuance, and other functions in the form of mini-programs, as well as the secretive and numerous illegal activities in Telegram communities, making it easy to cross regulatory red lines. However, the main team is currently in a weakly regulated legal zone, which should be Telegram's greatest weapon.

With the listing on Binance, it is like a green light for many communities to dispel worries. Binance Labs' investment in the TON game Catizen is also seen as Binance's assistance to the TON ecosystem.

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