Toncoin Secures Listing on HashKey Exchange, Will TON Price Rally?

Toncoin has taken a step forward in the Asia-Pacific cryptocurrency market by securing a listing on HashKey Exchange. 

This development signals a partnership between the TON Foundation and HashKey Group aimed at enhancing treasury management capabilities in the region. The collaboration also intends to improve the infrastructure and usability of the TON Ecosystem, making it more accessible for users and investors.

Boosting TON Ecosystem with Strategic Partnership

The partnership between the TON Foundation and HashKey Group aims to leverage the latter’s expertise and resources to enhance the TON Ecosystem’s treasury management. By collaborating, both entities seek to bolster operational efficiency and infrastructure, ensuring seamless access to digital assets across Asia-Pacific markets. This move reinforces their shared goal of facilitating easier integration of cryptocurrency into daily activities.

Furthermore, this alliance opens doors to new investment opportunities and aims to improve user experiences within the TON ecosystem. Both organizations are focused on expanding the accessibility of Toncoin and other digital assets, working toward fostering broader adoption in the region.

Toncoin Listing Marks Hong Kong’s Rise in the Crypto Market

The listing of Toncoin on HashKey Exchange is a notable milestone for the crypto sector in Hong Kong, which is quickly establishing itself as a global cryptocurrency hub. As the premier licensed exchange in the region, HashKey will offer Toncoin trading starting on May 09 at 16:00 (UTC+8). The exchange has launched TON trading with the TON/USD pair, which is exclusively available to professional traders.

The exchange is also providing open deposit and withdrawal services for Toncoin holders. With an anticipated uptick in interest from Hong Kong investors, this move has the potential to influence Toncoin’s market activity positively.

Market Trends Indicate Growing Investor Interest

Despite a slight decline in Toncoin’s price over the last 24 hours, recent market trends show a promising growth trajectory. At press time, TON was priced at $5.66 with a 24-hour trading volume of $218.6 million, according to CoinMarketCap data. Toncoin has experienced an 18.42% price increase over the past seven days.

TON/USD 7-day price chart (Source: CoinMarketCap)

With a circulating supply of 3.5 billion TON, the asset’s market capitalization stands at $19.6 billion, underscoring its prominent position in the cryptocurrency landscape. The partnership and listing on HashKey Exchange could catalyze further price movements as more investors become involved.

In celebration of Toncoin’s listing, HashKey Exchange is offering participants a reward pool of 20,000 HSK tokens. The exchange has also highlighted that deposit and withdrawal services are now active.