Crypto's Options Market Expands With Toncoin on BIT Exchange

Fans of the TON cryptocurrency now have a new way to trade their favorite altcoin following its addition to the options trading markets on the popular exchange platforms BIT and Paradigm.  BIT said that TON options trading is available on its platform now, while Paradigm is planning to go live with the token in the coming weeks, thanks to a close collaboration with technology partners Darley Technologies and DWF Labs, which are providing market making services.

Timeline of Toncoin

The decision to introduce the options suggests growing investor interest in derivatives tied to alternative cryptocurrencies. TON is the native cryptocurrency of the decentralized layer 1 blockchain The Open Network.

The TON Foundation, a non-profit association of developers and enthusiasts that exists to advance The Open Network (TON), has announced a global hackathon in collaboration with DoraHacks, a global hacker organization that “acts as a bridge, connecting hackers to enterprise challenges and entrepreneurial ideas.

Toncoin (CRYPTO:TON) has rallied over 34% in the past seven days, trading at $2.69, recorded on Monday at 12 a.m. EST. What Happened: Apex cryptocurrency Bitcoin (CRYPTO: BTC) lost 1.20% over the past seven days, falling below the $17,000 mark, while Ethereum (CRYPTO: ETH) shed 5.02% and Dogecoin (CRYPTO: DOGE)  declined by 11.60% during this period.

One altcoin project based on Ethereum (ETH) has quietly outperformed most of the crypto market this month, embarking on a rally after tech entrepreneur Pavel Durov made an announcement.

After breaking out from the $2.30 horizontal resistance area, the Toncoin (TON) price only faces Fib resistance until a new all-time high. The post What's Behind The 40% Toncoin Price Increase?

Telegram has sold $50 million usernames on The Open Network as the messaging app giant says it aims to capitalize on blockchain tools. The post Telegram sells usernames worth $50 million on the Open Network blockchain appeared first on The Block.

The Open Network has enjoyed massive media recognition in the last few weeks, resulting in impressive gains. The blockchain's native token, TON, is currently among the top cryptos leading the market in weekly gains.

Toncoin has defied the entire crypto market sentiment as its value continues to trend higher. As per CoinMarketCap data, the native token of the TON blockchain has kept over 20% gain in the last seven days.

Telegram's own blockchain, TON, continues to enjoy impressive gains despite current market volatility. The open-source protocol has been one of the few ecosystems to stay afloat following the FTX saga.

London, United Kingdom, 17th November, 2022, Chainwire DWF Labs, the leading blockchain industry market maker, has become a prominent supporter of the TON ecosystem. Through its partnership with the TON Foundation, DWF Labs supports The Open Network with an investment, token development, market creation, and exchange listing.