Why Toncoin Might Not Be Listed on Coinbase or Binance
Toncoin (TON) is a top 10 cryptocurrency by market capitalization, trading above $7 despite price corrections. However, it faces significant hurdles in getting listed on major exchanges like Binance and Coinbase due to regulatory issues in the U.S.
Regulatory Issues Impacting Toncoinâs Exchange Listings
The ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Telegram, Inc. is a major obstacle. In 2019, the SEC barred Telegram from issuing Grams, impacting Toncoin despite its rebranding. This legal battle raises concerns for U.S.-based exchanges.
Toncoinâs Market Activity and Exchange Listing Challenges
Toncoin has a highly active network, with nearly 600 million Tether (USDT) as a native asset and numerous active bots. Despite its impressive activity, exchanges like Binance might hesitate to list it due to competition with Binance Smart Chain.
Toncoinâs Ecosystem and Market Position
Managed by an international community, Toncoin retains close ties to the Telegram app. It supports trends like gaming, NFTs, and decentralized finance. Despite its robust features, Toncoin has limited exchange listings. In contrast, Notcoin (NOT), a related token, has been listed on Binance.
Important: This article is for informational purposes only and not legal, tax, investment, or financial advice.
â€ïžLIKE đ«FOLLOW đłREQUOTE OR RESHARE
âšïž COMMENT
đ«Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.