OKX introduced in the present day that OKX Pockets helps Telegram’s TON
OKX’s CMO Haider Rafique stated TON had been a break-out hit with a robust group behind it.
OKX added help for the Toncoin (TON) community related to the Telegram messaging app to OKX Pockets, marking the one hundredth protocol because it builds on its “on-chain, any chain” philosophy.
The pockets, a standalone Web3 product that operates individually from the centralized change (CEX), integrates into OKX’s decentralized change (DEX).
Whereas OKX tries to supply entry to all kinds of tokens and protocols for its pockets, it additionally needs to supply a curated expertise and never each token meets its requirements, Chief Advertising Officer Haider Rafique stated in an interview.
“Our itemizing course of usually revolves round a few issues. First, we wish to see some terminal velocity earlier than contemplating a list,” Rafique stated. “We goal for the suitable timing when there’s already a built-up group and vital demand. If we launch one thing with out ample demand, it would not match properly with our position.”
Market information from CoinMarketCap reveals that TON has been a breakout hit with OKX. It’s the sixth most-traded coin on the centralized change, simply behind the BTC-USDT buying and selling pair and the SOL-USDT pair. Buying and selling for TON tends to extend every time new gamification options are launched, Rafique stated, observing that these options drive consumer curiosity and engagement.
“The utility most individuals are enthusiastic about is the benefit of collaborating in-network incentives and packages. This gamification facet is the preferred, based mostly on numerous alerts we monitor,” he stated. “In fact, there are speculators who simply wish to maintain the token, hoping it appreciates as a result of it is backed by Telegram.”
As CoinDesk has reported, this rising TON-based financial system, utilizing Telegram as a hub, has pushed the token’s latest outperformance of the broader crypto market.
Earlier than supporting TON, OKX Pockets expanded its capabilities by including help for the NEAR, Blast, and zkLink Nova chains, in response to a launch.
OKX Pockets additionally lately built-in Uniswap Labs’ buying and selling APIs and launched a platform for Web3 sport builders.
