Toncoin Gets Listed on Robinhood; TON Price Up 5%

Robinhood has listed Toncoin, the native token of The Open Network (TON), on its platform for U.S. customers. The TON price has also rebounded amid the back of this listing, which provides a bullish outlook for the altcoin.

Robinhood Lists Toncoin For U.S. Customers

According to data from Robinhood’s website, the altcoin is now available for trading for its U.S. customers. The crypto exchange also confirmed this listing in an X post.

$TON is now available to trade on Robinhood. pic.twitter.com/REsxbiZAqy

— Robinhood (@RobinhoodApp) August 28, 2025

This follows the crypto exchange’s listing of SUI just over a week ago. Meanwhile, before then, Robinhood listed ONDO, FLOKI, and Hedera as it continues to increase its crypto offerings for U.S. customers.

The TON price rebounded 5% from the intraday’s low of about $3.11 to reach a range high of about $3.24 amid this listing, according to TradingView data. However, the large-cap altcoin has given up some gains, trading at approximately $3.21 at the time of writing. 

The strategic listing of Toncoin on the Robinhood market will play a crucial role in expanding its market share. According to Robinhood’s official website, the number of funded customers is approximately 26.7 million, with the total platform’s assets valued at around $298 billion.

Notably, Robinhood announced during its second quarter 2025 financial results that its trading volume increased by 32% year-over-year to $28 billion. The Toncoin listing on its crypto platform will further increase its volume, which in turn could lead to higher revenues.

The Bullish Fundamentals In The TON Ecosystem

The Toncoin ecosystem has grown significantly in the past year, backed by the 1 billion Telegram users and clear crypto regulations in major jurisdictions. Earlier this year, Telegram made TON its native and exclusive blockchain to power its fast-growing Mini Apps ecosystem.

According to market data analysis from DeFiLlama, the TON blockchain has seen its stablecoin market cap increase to about $708 million since the strategic partnership with Tether. However, Toncoin’s total value locked (TVL) has declined from its July 2024 peak of about $751 million to around $145 million at the time of this writing.

The TON ecosystem has attracted institutional investors seeking to benefit from its rewarding staking program. For instance, Chorus One launched its TON Pool, an institutional-grade staking program for Toncoin, earlier this year and has since grown to 10.4 million TON, which is valued at about $33 million.

The demand for Toncoin also includes the launch of the first TON treasury strategy. As CoinGape reported, Nasdaq-listed Verb Technology recently acquired $713 million in TON for its treasury.

The company also revealed plans to hold over 5% of the altcoin’s total supply. The launch of additional TON treasury companies could also lead to increased demand, creating a supply shock and potentially sparking higher prices.

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.