The third-party crypto wallet “Wallet in Telegram,” developed by The Open Platform (TON), has launched new features to improve user experience.
The latest update allows multi-asset trading and offers passive income through yield rewards. Users will soon be able to trade hundreds of cryptocurrencies, including popular assets like Bitcoin and memecoins such as PEPE. Additionally, by holding Toncoin and Tether’s stablecoin, users can earn long-term passive rewards, showcasing the platform’s commitment to diversifying investment options.
The announcement stated that Wallet Earn, a staking-like feature, has become a permanent part of the app, allowing users to earn daily rewards through TON Earn. These rewards are automatically credited and added to users’ balances, while withdrawals can be made anytime without incurring fees. This feature aims to create diversified crypto portfolios directly within the app exclusive to Telegram users. The new features will be rolled out gradually in March and April, showcasing the enhanced Wallet capabilities.
This development builds on recent efforts to simplify crypto adoption. On March 11, 2025, Wallet integrated Mercuryo, enabling Telegram users to purchase digital assets directly within the app without needing multiple applications or complicated onboarding processes. With Wallet boasting 100 million users, the integration reduces friction and enhances accessibility. Mercuryo’s high transaction capacity ensures fast and efficient purchases, even during peak times, establishing itself as the primary fiat-to-crypto provider within the Telegram ecosystem.
However, while Wallet in Telegram continues to innovate, security challenges persist. According to Scam Sniffer, Telegram has increasingly become a hotspot for crypto scammers, with malware scam activity surging by 2,000% since November. The security firm reported that scammers exploit fake verification bots in fraudulent Telegram groups to distribute malware. Bots such as OfficiaISafeguardRobot and SafeguardsAuthenticationBot have been found to steal passwords, scan wallet files, monitor clipboards, and access browser data, posing significant security threats to users.
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