Toncoin began trading on Coinbase on November 18, 2025, at 9:00 a.m. Pacific Time, marking Coinbase’s expansion of its digital asset offerings.
The asset is now accessible on coinbase.com and the Coinbase app, with TON-USD trading launching in a limit-only phase allowing users to place and cancel limit orders while market orders are not yet accepted.
Following the limit-only phase, TON-USD will transition into an auction mode, during which customers can post limit orders and view an indicative opening price, with the phase lasting at least 10 minutes and no trades occurring during the window.
After the auction concludes, crossed orders will match at the determined opening price, establishing the first official market price.
Coinbase Ventures has invested directly in Toncoin, a move the TON Foundation says aligns with TON’s goal to integrate cryptocurrency into Telegram’s billion-user ecosystem.
Telegram has also announced plans to enable trading of tokenized U.S. stocks via Wallet in Telegram, in partnership with Kraken and Backed, with potential expansion to the self-custodial TON wallet to broaden access to tokenized equities.
Leave a Reply