x10 team will launch a crypto exchange app for retail investors on Telegram

The app’s interface will be geared towards newcomers to the cryptocurrency space

07.08.2024 - 15:05

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What’s new? Crypto exchange X10 Exchange, following the recent mainnet launch, plans to develop a mini-app for the Telegram messenger closely integrated with the TON blockchain. The exchange’s app will feature an intuitive interface aimed at retail investors.

Material by Cointelegraph

What else is known? According to Ruslan Fakhrutdinov, the founder and CEO of X10, the application will offer only a basic set of functions and technical indicators for newcomers to the crypto space, and due to the ease of use will contribute to the wider adoption of crypto trading.

Telegram is currently the world’s third most downloaded messenger. Its team previously reported that Telegram has over 950 million monthly users, of which over 500 million interact with the mini-application.

Late last month, Telegram founder Pavel Durov said that “2024 will go down in history as the year when hundreds of millions of people became familiar with blockchain.” The messenger has since launched an internal Web 3.0 browser with support for TON-based decentralized websites, as well as a mini-app marketplace.

Telegram launches a Web 3.0 browser and a mini-app store

The browser allows browsing decentralized websites based on the TON blockchain

Popular mini-apps for Telegram include Notcoin, Near Wallet, and Hamster Combat, which offer earning internal currency with the prospect of converting it into cryptocurrency on the blockchain.

Fakhrutdinov also noted that Telegram is one of the most popular platforms in the crypto community, which, combined with the low cost of attracting users, makes it the best option for the wider adoption of digital assets.

The app will include all the markets available on the X10 exchange and utilize the same order book to process trades.

A built-in crypto wallet is already available on Telegram, with a P2P marketplace inside. It supports bitcoin, Toncoin, Notcoin, and the USDT stablecoin with a peg to the US dollar.

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