- Robinhood has added Toncoin to its crypto offerings for U.S. users, expanding access to the Telegram-linked blockchain asset.
- Toncoin surged 5% following the listing, signaling increased demand amid broader institutional and platform support.
- Telegram’s Mini Apps and strategic Tether partnership continue to strengthen the TON ecosystem’s utility and market presence.
Robinhood has officially listed Toncoin, the native token of The Open Network (TON), on its trading platform for U.S. users. The move continues the company’s recent push to broaden its digital asset offerings and comes shortly after the addition of SUI and other altcoins such as ONDO, FLOKI, and Hedera.
Following the Toncoin listing, the altcoin’s price rose 5% from an intraday low of approximately $3.11 to a high of $3.24. Although it has since slightly adjusted, Toncoin remains elevated at $3.21 according to data from TradingView. The price jump reflects a positive market reaction, as Robinhood’s listings often attract new retail interest.
Robinhood’s Expanding Reach in Crypto Markets
Robinhood’s platform hosts around 26.7 million funded accounts and manages approximately $298 billion in assets. During its second-quarter earnings report for 2025, the company revealed a 32% year-over-year increase in trading volume, totaling $28 billion. The addition of Toncoin is expected to contribute to this momentum by driving further user engagement and transaction volumes.
The TON blockchain, supported by Telegram’s user base of over 1 billion, has seen considerable growth this year. Telegram designated TON as its exclusive blockchain for powering its Mini Apps ecosystem, a move that has solidified the token’s utility within its infrastructure.
Institutional Interest and Stablecoin Expansion
Recent partnerships, including a collaboration with Tether, have pushed the stablecoin market cap on TON to around $708 million. Despite a decline in total value locked (TVL) from $751 million in July to $145 million currently, the network continues to attract institutional interest. Staking provider Chorus One’s TON Pool has reached 10.4 million TON, valued at around $33 million.
Additionally, Nasdaq-listed firm Verb Technology disclosed the acquisition of $713 million in Toncoin for its treasury. The company also plans to hold over 5% of the token’s total supply. This move may encourage similar treasury strategies, increasing market demand and potentially affecting supply dynamics.
