Coinbase has officially launched trading for Toncoin, a cryptocurrency associated with the Telegram messaging platform, as of November 18, 2025, at 9:00 a.m. Pacific Time. This move indicates a strengthening interest in emerging blockchain ecosystems.
Users can now access Toncoin through both coinbase.com and the Coinbase app, enabling them to buy, sell, convert, send, receive, or store the digital asset. Initially, trading for TON-USD will operate in a limit-only mode on both Coinbase Exchange and Coinbase Advanced. During this phase, users are permitted to place and cancel limit orders, but market orders will not be processed.
Following the limit-only stage, TON-USD trading will shift into an auction mode. This auction will allow customers to submit limit orders and observe an indicative opening price, although no trades will occur during this period, which is expected to last a minimum of 10 minutes. Once the auction concludes, orders will match at the proposed opening price, thus establishing the first official market price for Toncoin.
Additionally, Coinbase Ventures has made a strategic investment directly in Toncoin, joining a growing list of notable investors. The TON Foundation confirmed this investment, highlighting its alignment with the goal of integrating cryptocurrency into Telegram”s extensive user base, which exceeds one billion.
This investment approach reflects strategies employed by other significant venture capital firms, including Sequoia, Benchmark, and Ribbit, who have opted to hold Toncoin rather than traditional equity shares. The implication of this investment is seen as a vital step toward enhancing the adoption of Toncoin while further promoting the growth of blockchain initiatives driven by Telegram. This positions Toncoin as a pivotal asset in bridging mainstream messaging platforms with cryptocurrency.
