Coinbase has officially commenced spot trading for Toncoin ($TON) on its platform, with the TON-USD pair going live on November 18, 2025. The token is now available to a wide range of users across Coinbase's retail, advanced, and institutional platforms, including coinbase.com and the Coinbase mobile app. This move is seen as a significant step in expanding global access and liquidity for Toncoin, the native token of The Open Network (TON), which is integrated with the messaging platform Telegram. The listing exposes TON to over 110 million verified Coinbase users and is viewed as a legitimizing event for the asset. The inclusion of Toncoin on a major U.S.-based and regulated exchange is expected to enhance its credibility and could pave the way for broader adoption. Prior to the listing, Coinbase Ventures had also made a strategic investment in Toncoin, signaling its support for the TON ecosystem's goal of integrating cryptocurrency with Telegram's vast user base.