Categories: Cloud & SaaS

Bit.com and The Open Network Establish Strategic Partnership to Accelerate the Expansion of the TON Ecosystem

Bit.com, the leading high-performance crypto exchange, has announced an industry-first strategic partnership with TON (The Open Network) to develop, enhance and expand the TON ecosystem.

As part of the collaboration, TON’s native token custody will be supported by Cactus Custody, the third-party institutional custody service provided by Matrixport, by the end of March 2022. The partnership will also explore the inclusion of TON’s native token in crypto-financial services offerings on Matrixport’s platform, as well as bit.com’s upcoming savings product.

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“TON’s heritage and roadmap coupled with its performance has given us confidence in its immense potential. We expect our users to recognize its value and embrace it. Bit.com and Matrixport provide a wide range of innovative products, trading and asset management tools that will accelerate the growth of the TON ecosystem. We are delighted to work with TON and look forward to contributing to its community as we integrate TON into our various products,” noted Toya Zhang, Chief Marketing Officer of bit.com.

“Matrixport is the first world’s leading CeFi platform to offer a variety of institutional-grade services that are vital to the TON ecosystem. Custody and escrow solutions and innovative asset management products provide great value for institutions and retails alike. We are excited about Matrixport and Bit.com’s support,” added Steve Yun, Founding Member of TON Foundation.

Bit.com listed TON in January 2022 and supports transactions using the TON native token on its platform. Matrixport also supports swaps of the TON native token to USDT or USDC. As a leading high-performance crypto exchange, Bit.com expects to establish similar partnerships with emerging high-quality projects in the near future.

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