In 2024, cryptocurrencies from gaming projects within the TON ecosystem have become a major trend. Tokens such as Notcoin, Catizen, DOGS, and Hamster Kombat, after being listed on crypto exchanges, have collectively reached a crypto market capitalization of nearly $1.5 billion.
Their success has brought significant liquidity into the TON ecosystem, and new exciting projects with their own tokens are expected to emerge, eventually finding their way onto the listings of major crypto exchanges.
But which exchange should you choose to catch the next wave of interest in TON tokens?
OKX
OKX has been a pioneer in the TON ecosystem since November 2021, when it became the first exchange to offer spot trading for the TON token. Over the years, it has continued to lead the way, consistently being among the first to list new tokens from the ecosystem, such as Notcoin, DOGS, Catizen, and Hamster Kombat. In April 2024, OKX also became the first exchange to support USDT stablecoin on the TON blockchain.
With strong partnerships with TON Foundation, including promotional campaigns and educational quests with rewards in TON, OKX is likely to feature future notable tokens from the ecosystem.
Key advantages of trading TON tokens on OKX:
- Early listings of new TON tokens
- Extra opportunities to earn tokens via Jumpstart Launchpad through staking and mining
- Simultaneous spot and futures trading for TON tokens
- High liquidity: consistently among the top 3 for futures trading volume and top 5 for spot trading volume
- Leverage trading for pairs with new tokens
- Comprehensive tools such as copy trading, bots, AI signals
- Licensed in Singapore, Dubai, and other regions
Drawback: OKX does not support Russian rubles on its P2P market.
Bybit
Bybit, another top crypto exchange, has also shown strong support for TON tokens. It was among the first to list popular TON ecosystem tokens like CATI, HMSTR, and DOGS. In cooperation with TON Foundation, Bybit offers 7% cashback in Toncoin for purchases made with Toncoin using its Bybit Card.
Bybit’s trading functionality is similar to OKX, with features like copy trading, bot trading, and a liquid spot and futures market, all with leverage options. Additionally, its P2P market supports transactions in Russian rubles.
Bonus: Bybit’s Launchpad regularly holds staking events for new coins before their official listing, giving users early access to tokens like HMSTR.
Binance
As the largest crypto exchange by trading volume, Binance offers a wide range of tools for trading TON tokens. While Binance often introduces trading for TON tokens early, its announcements typically lag behind competitors like OKX and Bybit, leading to some uncertainty among users waiting for official listings.
In all other respects, Binance is on par with its peers, offering extensive trading tools, high liquidity, and opportunities to participate in Launchpad events.
Major Drawback: Binance has officially exited the Russian market and no longer works with users holding Russian citizenship, unless they can provide documentation proving residence outside Russia.
STON.fi
STON.fi is the largest decentralized exchange (DEX) within the TON ecosystem. While its trading volume may appear modest compared to centralized exchanges like Binance or OKX—$8 million daily versus Binance’s $12 billion—it remains a key platform for TON token trading.
New TON coins often make their debut on STON.fi’s premarket before being listed on major exchanges. This gives users the chance to trade tokens early, without having to wait for centralized exchange listings.
Advantages:
- Fully integrated into the TON ecosystem and Telegram messenger
- No need to deposit funds into the exchange — transactions are carried out directly through the user’s wallet (TON Wallet or Tonkeeper)
These features make STON.fi an essential platform for TON traders looking to stay ahead of the curve.
