Official Trading of TON Cryptocurrency Launches in Uzbekistan: Now It’s Legal

Exciting news for crypto enthusiasts in Uzbekistan: as of today, the official trading of TON cryptocurrency has begun on the UzNEX exchange, operated by South Korean company Kobea Group. Now, there’s no need to worry about potential legal consequences—trading this cryptocurrency is now fully legal. At the moment, 1 TON is priced at 59,187 Uzbek soums or $4.68.

Representatives of UzNEX stated that the withdrawal of crypto assets, including Toncoin, will be available starting next week. It’s important to note that the exchange is currently accessible only via PC through the Google Chrome browser, with a mobile app still under development.

UzNEX, which launched at the end of 2019, has steadily expanded the range of cryptocurrencies available for trading. Today, users can buy and sell 15 different cryptocurrencies on the platform, including popular coins like Bitcoin (BTC). The introduction of TON on the exchange opens up new opportunities for users, as this blockchain is gaining significant popularity in Uzbekistan.

What is TON?

TON (The Open Network) is a third-generation blockchain initially developed by the Telegram team, led by Pavel and Nikolai Durov. However, due to regulatory pressures in 2020, Telegram was forced to discontinue the project and handed it over to an independent community of developers.

As of March 2024, according to CoinMarketCap, TON ranks 12th among cryptocurrencies, with a market capitalization of $15 billion. The circulating supply of TON is 3.4 billion coins out of a maximum of 5.1 billion. The value of TON has surged significantly: in 2021, one TON coin was worth only $0.39, but by March 2024, it had increased by 1002.86%.

The text has been translated by AI. For more accurate information, please refer to the Russian version of the article