Telegram has integrated a self-custodial crypto wallet, TON Space, for its over 800 million active monthly users, according to a Sept. 13, 2023, statement. This wallet brings digital ownership on the blockchain to the messaging application.
While specific details about trading and yield features within TON Space are not provided in the available sources, the integration of such functionalities aligns with the broader trend of enhancing crypto wallets to offer features like staking and yield farming. These features allow users to earn rewards by participating in network activities, thereby enhancing the utility of their crypto holdings.
It's important to note that with the introduction of these advanced features, Telegram has also implemented Know Your Customer (KYC) protocols to comply with regulatory standards. As of June 3, 2024, users are required to provide personal information such as their name, phone number, and date of birth to access certain functionalities within the wallet.
By integrating these features, Telegram aims to position itself at the forefront of the evolving crypto-messaging landscape, offering users a seamless and secure platform to manage and grow their digital assets.