The other day, Matrixport blockchain holding on the industry's first strategic partnership with TON (The Open Network) and Matrixport blockchain holding became partners. This was done in order to develop, improve and expand the TON ecosystem, as well as increase the options for the practical use of Toncoin. About the details of cooperation - under the cut.
Details about the joint project
As part of the partnership, by the end of 2022, native TON tokens will be supported by the Cactus Custody™ wallet for institutional investors from Matrixport. Among other things, it is planned to add the internal Toncoin token to various crypto-financial services on the Matrixport platform, and to the savings product from bit.com.
“The experience, market vision and roadmap of TON, combined with its high performance, helped to see the huge potential. We expect our users to also recognize its value and believe in it. Bit.com and Matrixport provide a wide range of innovative products, trading and asset management tools that will accelerate the growth of the TON ecosystem. We are excited to work with The Open Network and look forward to contributing to the development of its community through integration with our various products,” said Toya Zhang, Chief Marketing Officer of Bit.com.
The Bit.com exchange added TON in January 2022, after which it implemented support for transactions using the native Toncoin token on its platform. Matrixport now also supports trading of Toncoin paired with USDT. As a leading high performance crypto exchange, Bit.com looks forward to establishing similar partnerships with new promising projects in the near future.
“Matrixport is the world's first leading CeFi platform. It offers various institutional-level services that will be vital to the TON ecosystem. Custody and escrow solutions, as well as innovative asset management products, are of great value to both partner companies and retail investors. We are very excited about the support of Matrixport and Bit.com,” added Steve Yun, founding member of the TON Foundation.
A little about partners
TON is a third-generation blockchain developed in 2018 by the Durov brothers, the founders of Telegram Messenger. It was later given to the TON open community, which has maintained and developed it ever since. TON was created for lightning-fast transactions, it is very cheap, convenient and fully functional.
Bit.com is a full-featured cryptocurrency exchange launched by Matrixport, which provides integrated financial services. Matrixport is headquartered in Singapore. Since August 2020, bit.com has been supporting online perpetual, futures and options products with assets: BTC, ETH and BCH. In terms of BTC and ETH options trading volume, bit.com is the second largest exchange in the global market.
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