Toobit Integrates TON for USDT Deposits and Withdrawals, Offering Faster and Cheaper Transactions

Toobit

GEORGE TOWN, Cayman Islands, June 20, 2025 (GLOBE NEWSWIRE) -- Toobit, an award-winning cryptocurrency exchange, today announces the integration of the TON (The Open Network) blockchain for Tether (USDT) deposits and withdrawals on its Spot platform. This upgrade offers traders a faster, more cost-efficient, and scalable option for managing USDT transactions.

By adding TON support, Toobit is strategically tapping into one of the fastest-growing blockchain ecosystems, with over 153 million total created addresses as of 2025. The addition will also enhance the speed and affordability of USDT transfers, helping users optimize their trading and asset management strategies.

"We are thrilled to bring the benefits of the TON network to our users," said Mike Williams, Chief Communication Officer at Toobit. "We saw a clear demand for more network diversity and greater capital efficiency. Integrating TON is a direct response towards providing a reliable, high-speed, and extremely low-cost rail for USDT."

Key benefits for Toobit traders

Improved capital efficiency: Traders can now move USDT with network fees averaging just $0.01 to $0.02 per transaction. More capital can be used for trading, not for network costs.
Faster strategy execution: With transaction finality achieved in approximately five seconds, the integration allows for the near-instantaneous transfer of assets.
Expanded network choice: By adding TON, Toobit connects its users to a network that is rapidly expanding, now boasting over 9 million active wallets and a Total Value Locked (TVL) of more than $155 million in its DeFi ecosystem.

To start using TON for USDT transfers, users can simply go to their USDT wallet on Toobit and select TON as their preferred network for deposits or withdrawals.

The move comes in response to growing demand for more efficient blockchain networks. Known for its high throughput, multi-blockchain architecture, and minimal fees, TON can theoretically process millions of transactions per second, making it an ideal solution for active traders.

About Toobit

Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what’s next.

Contact: Davin C.
Email: market@toobit.com
Website: www.toobit.com

Disclaimer: This content is provided by Toobit. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

Legal Disclaimer: This media platform provides the content of this article on an "as-is" basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7aa1c4db-9d83-4bed-9f73-4e9e3614a820

Toobit

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.