Coinbase has expanded trading of the Telegram Open Network (TON) token across all its platforms, marking a significant advancement in institutional adoption and liquidity for the blockchain. This move, effective from November 18, 2025, underscores TON's growing appeal as a high-throughput Layer-1 blockchain integrated with Telegram, especially amid market volatility. The expansion aligns with Coinbase's strategy to establish itself as a global financial infrastructure leader, with recent expansions in DeFi services in markets like Brazil. TON Strategic Company, which holds TON, views this development as a validation of the ecosystem's growth. Analysts highlight TON's ability to leverage Telegram's vast user base, contrasting its momentum with slower growth in other tokens like Chainlink (LINK).