Telegram Expands Crypto Wallet Access to U.S. Users Amid Market Growth
Telegram has announced the launch of its crypto wallet, now available to its 87 million users in the United States. The wallet, integrated directly into the Telegram app and built on the TON blockchain, aims to simplify the onboarding process for both new and existing users entering the cryptocurrency space.
Since its introduction to international markets in 2023, Telegram’s crypto wallet faced delays in the U.S. due to regulatory hurdles. With the recent rollout, Telegram hopes to capture a share of the growing crypto adoption among its extensive user base. Last year, over 100 million users globally activated their wallets, representing approximately 10% of its one billion active users.
Key Highlights:
- Integration: The TON wallet is seamlessly embedded within the Telegram app, facilitating ease of use for crypto transactions.
- Market Timing: The U.S. launch comes as interest in cryptocurrencies continues to rise, with more users seeking accessible options.
- Transaction Volume: Current data indicates that around 334,000 transactions occur daily on the TON blockchain, showcasing an active and growing ecosystem.
As Telegram steps into the U.S. crypto market, it underscores the platform’s commitment to enhancing user experiences while navigating the complex regulatory landscape.
