Bitget Wallet fully integrates TON mainnet swaps

Bitget has become one of the first major wallet providers to fully integrate The Open Network (TON), a blockchain powered by Telegram.

Bitget Wallet will now allow The Open Network users to trade local assets and buy or exchange Toncoin (TON) via cross-chain venues and fiat corridors like Banxa. Users will have access to at least nine other channels to convert fiat currencies like the US dollar into TON.

Bitget Wallet COO Alvin Kan said in a statement that the addition of The Open Network mainnet support to the firm’s exchange service increases utility for investors and improves access to a rapidly growing ecosystem.

The Open Network mainnet has become the most traded network on Bitget Wallet, surpassing industry giants such as Arbitrum, Base, BNB Chain, and Polygon. Activity on the TON mainnet peaked this month, with transaction volumes increasing by more than 25 times, driving Bitget Wallet adoption in various regions across Africa, Europe, and Southeast Asia.

“Bitget Wallet is now becoming the go-to resource for all things TON. Our future plans include smart market support for TON mainnet tokens, zero gas fee token trading, and a carefully curated selection of DApps. We will continue to optimize and expand wallet services,” Kan said about the roadmap to support The Open Network.

The Open Network on Telegram gained momentum this cycle with the increasing popularity of touch-based minigames like Notcoin (NOT) and Hamster Kombat. The TON Foundation, an organization focused on supporting TON development, also announced a trustless Bitcoin (BTC) bridge.

This idea is expected to enable the transfer of value between the largest blockchain network in the cryptocurrency world and a chain that currently reaches a large user base.

24-hour TON price chart | Source: crypto.news