Why telegram trading mini app could be changing the narrative in the industry.

FortuneFollower

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Quote from: Coin_trader on November 14, 2024, 05:06:47 AM

Lots of scammer on telegram spreading malicious link and bots. I don’t dare to trade using telegram mini apps that is prone to potential exploits.

Exchange app doesn’t consume much data besides we only use it to buy and sell then use different chart app to track progress for a better tool options for trading. Maybe I can use this for quick trades but not for full time trading. I still preferred the exchange app that has extra layer of security and away from direct sharing of malicious links.

Yep, you are right in my opinion - it's wise to use both in order to get the most out of them.
Especially in the starting stages, I think there would be and are lots of bugs that would arise and exploits for shady people to use Roll Eyes

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Quote from: GeorgeJohn on November 14, 2024, 05:33:28 PM

Quote from: Oshosondy on November 11, 2024, 06:44:32 AM

I do not know there are trading platform present on Telegram in a way people can do some task like spot, future and copy trading. Bit I can not house it because I have the app of the exchanges and I can easily click on the app to access them. I do not think anyone would have used the app or trading platform before and still want to use Telegram to access it.

for me those things then do in telegram in the name of trading just like a ponzing scheme because threading is independent of it home from it platform especially all this age change not a telegram group that people can creat and tand add more people for them to be their accompanists of fraud

It would be done for usability and utility, in my opinion - why would you enter the app itself when you can do it cozily from Telegram itself?
Sure, it's needed to be adjusted properly, but think about the possibilities - I wouldn't call it a ponzi in the slightest.

fikrett

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Quote from: Asiska02 on November 14, 2024, 07:44:51 PM

Quote from: Jascrypt on November 11, 2024, 05:51:26 AM

Having traditional trading platforms accessible through Telegram mini apps will not only make these platforms more accessible and save space for apps download but will provide opportunities for newbies and airdrop hunters to receive airdrops cos these trading mini apps come with reward to incentivize users.

Although telegram needs to prioritize security atm considering the influx of developers, traders and user on the chain and it will be nice to know or start seeing DEX built on this chain with a trading mini app to provide option for users.

I haven’t heard or come across this before, this is my first time of hearing such a wallet available in telegram for use for any activity it has in them and also available in the normal wallet app. Telegram has been the trend this season and a lot of projects decided to lunch through them because of the narration it was coming with and a lot of users joining from this platform, making the crypto space more wider and adoptable. Testing of this inbuilt exchange apps on the platform is mandatory in order to know the errors one can encounter from there and what to do in terms of security of the wallet. This is a third party system initiative and it can be prone to error and more disadvantages than the normal wallet app or exchange.

Yeah, basically it's a trade for convenience being inside the Telegram itself, and much time and effort would be needed to make it work as intended in all aspects.
But I think it's a great idea to push and narrate in the TON eco.

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Quote from: shinratensei_ on November 14, 2024, 10:41:40 PM

Quote from: betswift on November 14, 2024, 04:55:58 AM

Would you say that it's better than all the T2E sector combined? Tongue

The improvement of a trading mini app at least would have much better use cases to it..

I'd definitely say it's better than T2E sector Grin

, we all know how bad that niche is, but well, if the exchange insists to create their mini app exchange inside telegram ecosystem, it'd be great if they actually add more on-chain feature so that it can seamlessly interacts with the ton ecosystem.

even better if it can also interact with other blockchain as well such as EVM and SVM based, since telegram mini app in a nutshell just a web app anyway.

That would be indeed great, and I hope that in that app, there would be much to come and work with - because, let's face it, the TON chain needs more usability and creative cases to live on.
Notcoin won't feed it all of its life Roll Eyes

shinratensei_

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Quote from: betswift on November 14, 2024, 04:55:58 AM

Would you say that it's better than all the T2E sector combined? Tongue

The improvement of a trading mini app at least would have much better use cases to it..

I'd definitely say it's better than T2E sector Grin

, we all know how bad that niche is, but well, if the exchange insists to create their mini app exchange inside telegram ecosystem, it'd be great if they actually add more on-chain feature so that it can seamlessly interacts with the ton ecosystem.

even better if it can also interact with other blockchain as well such as EVM and SVM based, since telegram mini app in a nutshell just a web app anyway.

Asiska02

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Quote from: Jascrypt on November 11, 2024, 05:51:26 AM

Having traditional trading platforms accessible through Telegram mini apps will not only make these platforms more accessible and save space for apps download but will provide opportunities for newbies and airdrop hunters to receive airdrops cos these trading mini apps come with reward to incentivize users.

Although telegram needs to prioritize security atm considering the influx of developers, traders and user on the chain and it will be nice to know or start seeing DEX built on this chain with a trading mini app to provide option for users.

I haven’t heard or come across this before, this is my first time of hearing such a wallet available in telegram for use for any activity it has in them and also available in the normal wallet app. Telegram has been the trend this season and a lot of projects decided to lunch through them because of the narration it was coming with and a lot of users joining from this platform, making the crypto space more wider and adoptable. Testing of this inbuilt exchange apps on the platform is mandatory in order to know the errors one can encounter from there and what to do in terms of security of the wallet. This is a third party system initiative and it can be prone to error and more disadvantages than the normal wallet app or exchange.

Hamza2424

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Quote from: Oshosondy on November 11, 2024, 06:44:32 AM

I do not know there are trading platform present on Telegram in a way people can do some task like spot, future and copy trading. Bit I can not house it because I have the app of the exchanges and I can easily click on the app to access them. I do not think anyone would have used the app or trading platform before and still want to use Telegram to access it.

There are a few bots and mini apps but they are not supposed to be the trading platforms just showpiece features for reputed platforms they won't get involved for this showpiece as well because it brings many security concerns as well and yeah if you are opening telegram app for trading why not to open an other trading app which is meant to be for trading only.

Quote from: GeorgeJohn on November 14, 2024, 05:33:28 PM

for me those things then do in telegram in the name of trading just like a ponzing scheme because threading is independent of it home from it platform especially all this age change not a telegram group that people can creat and tand add more people for them to be their accompanists of fraud

A couple of spelling errors must be optimized to give an efficient answer and for a healthy conversation. Your comment about what they are doing is absolutely accurate. Still, in my view from mini trading platforms, it refers to these new apps on Telegram that allow the swaps and transactions through bots and other layered mini-games like all this shit going on these days.

GeorgeJohn

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Quote from: Oshosondy on November 11, 2024, 06:44:32 AM

I do not know there are trading platform present on Telegram in a way people can do some task like spot, future and copy trading. Bit I can not house it because I have the app of the exchanges and I can easily click on the app to access them. I do not think anyone would have used the app or trading platform before and still want to use Telegram to access it.

for me those things then do in telegram in the name of trading just like a ponzing scheme because threading is independent of it home from it platform especially all this age change not a telegram group that people can creat and tand add more people for them to be their accompanists of fraud

Perfectbaby

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Quote from: Oshosondy on November 11, 2024, 06:44:32 AM

I do not know there are trading platform present on Telegram in a way people can do some task like spot, future and copy trading. Bit I can not house it because I have the app of the exchanges and I can easily click on the app to access them. I do not think anyone would have used the app or trading platform before and still want to use Telegram to access it.

Yeah, I didn't see this either changing the narratives as well because already there are people who are used with the regular exchange to trade though telegram could have an enhance feature to thrill up trade but I didn't see it becoming that fast to whined away the regulars as we do use centralized exchange to trade. Though with time there may be an incessant increase about the platform just as the way telegram casino is gradually flooding the market and most people do prefers it than the regulars.

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Quote from: ? on November 14, 2024, 05:00:11 AM

Anyways, you wouldn't put lots of money both on CEXes and a potential mini-app for trades, if you know what's up and the risks attached to it - however, I do think it would be really great to combine both into one Grin

Imagine combining the TON eco (which I hope to be better as time goes on) with the created trading app.. That would be great indeed.

That's a common knowledge to anyone, but still some of us have that kind of a mindset, although it's reasonable since you don't need to withdraw time to time after trading when you are daily trading so only trade funds on what you are afford to lose in case whatever happened on the exchange. Although it's good to have such feature in telegram but it needs more additional security like on any exchange such as 2fa, sms otp and email code.

Coin_trader

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Lots of scammer on telegram spreading malicious link and bots. I don’t dare to trade using telegram mini apps that is prone to potential exploits.

Exchange app doesn’t consume much data besides we only use it to buy and sell then use different chart app to track progress for a better tool options for trading. Maybe I can use this for quick trades but not for full time trading. I still preferred the exchange app that has extra layer of security and away from direct sharing of malicious links.

FortuneFollower

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Quote from: lixer on November 13, 2024, 02:42:21 PM

Quote from: Jascrypt on November 12, 2024, 02:11:51 AM

I also don't wanna exaggerate their success but it's also good to see a young project achieve such success in a short period of time.

Good thing that you know or admit it that it was a kind of exaggeration, because it was indeed one. A true success doesn't have a shortcut and will only be achieved in a long period of time. In case you ever see one who did for the short term, expect that they will still fail and it can also happen very quickly. I think you can only say that, because you lack in patience and you want to earn an easy money.

Only if it is longevity is tested and it's doing well - then it can be successful, I too think so.
A pump in popularity or in price is nothing if it's not bound to real use cases and the community that is ready to be active and to use the final product, pouring their funds and efforts into it.

fikrett

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Quote from: Faisal2202 on November 12, 2024, 01:52:26 PM

Quote from: Jascrypt on November 11, 2024, 05:51:26 AM

Although telegram needs to prioritize security atm considering the influx of developers, traders and user on the chain and it will be nice to know or start seeing DEX built on this chain with a trading mini app to provide option for users.

I did not see any exchange's mini app for trading on Telegram. I mean, they do have mini wallet apps built on Telegram that you can use to store your assets, but I wasn't aware of the buying and selling abilities of these bots. I must look if they really have that. Never heard about the sniper bot before, but buying and selling by linking your wallet or exchanges in Telegram via bots, is possible, and if this bot can really securely do that, then that's really a good thing for everyone.

Buying and selling directly from Telegram might not be appreciated much, but if it will provide more efficiency than exchanges, then I would also like it.

It's just convenient for everybody involved - and trading bots are rampant on Telegram, for memes especially Tongue

Some are free, some are bought - but the fact remains that it's really appreciated for flippers and such.

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Quote from: PX-Z on November 13, 2024, 02:49:46 PM

Quote from: Jascrypt on November 11, 2024, 05:51:26 AM

Having traditional trading platforms accessible through Telegram mini apps will not only make these platforms more accessible and save space for apps download but will provide opportunities for newbies and airdrop hunters to receive airdrops cos these trading mini apps come with reward to incentivize users.

I could only think a mini version feature for trading might be possible. Knowing that exchanges have its own api to start with for different features including safety and security of their funds mainly hot wallet. If they will apply it on third party apps it could lead to potential risks ssince you will need to trust telegram with those information.

Anyways, you wouldn't put lots of money both on CEXes and a potential mini-app for trades, if you know what's up and the risks attached to it - however, I do think it would be really great to combine both into one Grin

Imagine combining the TON eco (which I hope to be better as time goes on) with the created trading app.. That would be great indeed.

betswift

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Quote from: shinratensei_ on November 13, 2024, 09:09:17 PM

is the trading mini app really something that's needed though. when you are using telegram in your phone, you're literally few touches away from switching to exchange app, a full fledged one with all the feature, I will consider this as nothing more than gimmick, if any, TON can leverage on its already existing meme coin ecosystem, the mini app is just temporary narrative, an unsustaining ones at that, at least that's my 2 cents.

personally it'd be great if they can just focus on building good ecosystem like solana, basically making a good enough defi the entire blockchain gonna attract inflow of capital and meme coin degens.

Would you say that it's better than all the T2E sector combined? Tongue

The improvement of a trading mini app at least would have much better use cases to it..

shinratensei_

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is the trading mini app really something that's needed though. when you are using telegram in your phone, you're literally few touches away from switching to exchange app, a full fledged one with all the feature, I will consider this as nothing more than gimmick, if any, TON can leverage on its already existing meme coin ecosystem, the mini app is just temporary narrative, an unsustaining ones at that, at least that's my 2 cents.

personally it'd be great if they can just focus on building good ecosystem like solana, basically making a good enough defi the entire blockchain gonna attract inflow of capital and meme coin degens.

PX-Z

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Quote from: Jascrypt on November 11, 2024, 05:51:26 AM

Having traditional trading platforms accessible through Telegram mini apps will not only make these platforms more accessible and save space for apps download but will provide opportunities for newbies and airdrop hunters to receive airdrops cos these trading mini apps come with reward to incentivize users.

I could only think a mini version feature for trading might be possible. Knowing that exchanges have its own api to start with for different features including safety and security of their funds mainly hot wallet. If they will apply it on third party apps it could lead to potential risks ssince you will need to trust telegram with those information.

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Quote from: MusaMohamed on November 11, 2024, 08:41:34 AM

They bring a new product type to cryptocurrency market but change it completely is impossible. It is only one new option among other available options so that people can choose from.

Not all Bitcoiners use Telegram and if they don't use Telegram, it's hard to convince them to use Telegram trading app. Not all Telegram users will be ready to use that Telegram trading app.

I think it's not bad to say that they are part of the change or revolution for bringing something new in the table. I use Telegram but I'm not into trading, so I won't still engage on these but for those traders that doesn't use a Telegram, I guess these trading apps inside Telegram is only going to be their first reason of trying it.

Quote from: Jascrypt on November 12, 2024, 02:11:51 AM

I also don't wanna exaggerate their success but it's also good to see a young project achieve such success in a short period of time.

Good thing that you know or admit it that it was a kind of exaggeration, because it was indeed one. A true success doesn't have a shortcut and will only be achieved in a long period of time. In case you ever see one who did for the short term, expect that they will still fail and it can also happen very quickly. I think you can only say that, because you lack in patience and you want to earn an easy money.

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Quote from: justdimin on November 12, 2024, 10:44:42 AM

Yes, usually I do not even prefer accessing any crypto related services through google account; I always prefer registering a new account using email or username. I will never prefer giving access to telegram (or any third party) to my exchanges and let them see my balances nor my trading activities.

This also concerns me in using such services, especially on Telegram. I don't know if it works that way or not. Still, it seems that they can see and monitor every activity we do with our Telegram account, including what apps we use, what activities we do, or maybe even access those apps since they have complete control over our accounts because it's a centralized messaging app.

This is why, even though I agree that it helps increase adoption for cryptocurrencies in general because Telegram mini apps and games are currently treding and almost one out of every ten people would be a part of them, using financial apps on the platform seems like giving control over your finances to another third-party on top of using a centralized exchange which is already a centralized service in itself.

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Quote from: hyudien on November 11, 2024, 07:29:15 AM

This is a good breakthrough because it offers efficiency in transactions as long as it can guarantee the security of its users' assets. Because when the exchange platform now provides a service connected to a telegram where the mobile phone number is tied, it will produce 2 user asset security systems because previously it was only in the application.

Personally I don’t seems to buy the idea of it, we all know what the implications of actually leaving or trading with crypto exchanges with the risk been too much but seriously this mini app actually makes it even more riskier. The easiest applications that can get hacked easily is the social media applications now should one actually get access to the app, the mini app is his and probably if it is connected with the main exchange wallet it gives the hacker also access to it. Even if you’re not storing your coins on the exchange there is no way a trader will actually have all funds withdrawn from the exchange

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Quote from: Jascrypt on November 11, 2024, 05:51:26 AM

Although telegram needs to prioritize security atm considering the influx of developers, traders and user on the chain and it will be nice to know or start seeing DEX built on this chain with a trading mini app to provide option for users.

I did not see any exchange's mini app for trading on Telegram. I mean, they do have mini wallet apps built on Telegram that you can use to store your assets, but I wasn't aware of the buying and selling abilities of these bots. I must look if they really have that. Never heard about the sniper bot before, but buying and selling by linking your wallet or exchanges in Telegram via bots, is possible, and if this bot can really securely do that, then that's really a good thing for everyone.

Buying and selling directly from Telegram might not be appreciated much, but if it will provide more efficiency than exchanges, then I would also like it.

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Quote from: Jascrypt on November 11, 2024, 05:51:26 AM

The recent colaboration with exchanges in developing trading mini apps will also make exchange very accesible to million of users further encouraging adoption. Tho sniper bot may have been the first to initiate trading activities on Telegram. Recently, we have seen exchanges exploring the chain but with limited features atm;

Mini apps from exchanges? My favourite exchanges are not sending any email update on this? I am sorry that you are sounding like talking about a generalized development of crypto exchange but I am not getting your point of why exchange adapt something new which is telegram based. I am not underestimating just because it is named with "mini" but traditional apps are proven for security and stability and adapting a third party based may not be "their cup of coffee" for most exchanges.

Quote from: Oshosondy on November 11, 2024, 06:44:32 AM

I do not think anyone would have used the app or trading platform before and still want to use Telegram to access it.

Yes, usually I do not even prefer accessing any crypto related services through google account; I always prefer registering a new account using email or username. I will never prefer giving access to telegram (or any third party) to my exchanges and let them see my balances nor my trading activities.

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Quote from: Oshosondy on November 11, 2024, 06:44:32 AM

I do not know there are trading platform present on Telegram in a way people can do some task like spot, future and copy trading. Bit I can not house it because I have the app of the exchanges and I can easily click on the app to access them. I do not think anyone would have used the app or trading platform before and still want to use Telegram to access it.

I do think Blum should be something like that in the long run. Roll Eyes

We will see its results in the future. Alongside it's memepad and other functions.

FortuneFollower

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Quote from: MusaMohamed on November 11, 2024, 08:41:34 AM

They bring a new product type to cryptocurrency market but change it completely is impossible. It is only one new option among other available options so that people can choose from.

Not all Bitcoiners use Telegram and if they don't use Telegram, it's hard to convince them to use Telegram trading app. Not all Telegram users will be ready to use that Telegram trading app.

I don't exaggerate the importance and success of Telegram trading app, please be realistic.

TON eco is in its right, a miracle.
To think that people would be able to combine these things or to gain not-so-bad money from just tapping - it's insane when you think about it from that perspective.
But now, TON needs more people interested in real transactions, spending money inside different projects, and so on. Otherwise, it will remain that "hype eater", without a real premise.

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Quote from: Jascrypt on November 12, 2024, 02:11:51 AM

Quote from: MusaMohamed on November 11, 2024, 08:41:34 AM

They bring a new product type to cryptocurrency market but change it completely is impossible. It is only one new option among other available options so that people can choose from.

Not all Bitcoiners use Telegram and if they don't use Telegram, it's hard to convince them to use Telegram trading app. Not all Telegram users will be ready to use that Telegram trading app.

I don't exaggerate the importance and success of Telegram trading app, please be realistic.

I also don't wanna exaggerate their success but it's also good to see a young project achieve such success in a short period of time.

It's a lot of hype, and less about the utility of it, in fact.
However, I do hope for the TON eco as a whole to continue to grow and evolve.
And make it into something more utility-based in the end.
With a lot of people ready to pour their money in.
Roll Eyes

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Quote from: MusaMohamed on November 11, 2024, 08:41:34 AM

They bring a new product type to cryptocurrency market but change it completely is impossible. It is only one new option among other available options so that people can choose from.

Not all Bitcoiners use Telegram and if they don't use Telegram, it's hard to convince them to use Telegram trading app. Not all Telegram users will be ready to use that Telegram trading app.

I don't exaggerate the importance and success of Telegram trading app, please be realistic.

I also don't wanna exaggerate their success but it's also good to see a young project achieve such success in a short period of time.

MusaMohamed

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They bring a new product type to cryptocurrency market but change it completely is impossible. It is only one new option among other available options so that people can choose from.

Not all Bitcoiners use Telegram and if they don't use Telegram, it's hard to convince them to use Telegram trading app. Not all Telegram users will be ready to use that Telegram trading app.

I don't exaggerate the importance and success of Telegram trading app, please be realistic.

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Quote from: Jascrypt on November 11, 2024, 05:51:26 AM

While I have my reservation about TON chain it's is also important to recognize its positive impact in the industry. Adoption seems to be on the rise with mini app games on the chain and even those that never understand how crypto works are already started exploring it more.

I agree, that the positive impact that it is giving is that those that have no idea about crypto, they're introduced to the market in the games ways. While it's good for them to be in that situation that they're going on through those apps and without having to take that much risk but only their time.

Quote from: Jascrypt on November 11, 2024, 05:51:26 AM

The recent colaboration with exchanges in developing trading mini apps will also make exchange very accesible to million of users further encouraging adoption. Tho sniper bot may have been the first to initiate trading activities on Telegram. Recently, we have seen exchanges exploring the chain but with limited features atm;

Bitget; available for spot and perp futures

Gate; only spot

BingX; only copy trading.

Having traditional trading platforms accessible through Telegram mini apps will not only make these platforms more accessible and save space for apps download but will provide opportunities for newbies and airdrop hunters to receive airdrops cos these trading mini apps come with reward to incentivize users.

Although telegram needs to prioritize security atm considering the influx of developers, traders and user on the chain and it will be nice to know or start seeing DEX built on this chain with a trading mini app to provide option for users.

The advantage of it with their collab with the exchanges is everyone who participates in it and receives their airdrops balances are very quick. They don't have to wait that much when it is automatically sent to the exchanges for their own sake, that's how it goes for the most of them and I find it convenient too.

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This is a good breakthrough because it offers efficiency in transactions as long as it can guarantee the security of its users' assets. Because when the exchange platform now provides a service connected to a telegram where the mobile phone number is tied, it will produce 2 user asset security systems because previously it was only in the application.

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I do not know there are trading platform present on Telegram in a way people can do some task like spot, future and copy trading. Bit I can not house it because I have the app of the exchanges and I can easily click on the app to access them. I do not think anyone would have used the app or trading platform before and still want to use Telegram to access it.

Jascrypt

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While I have my reservation about TON chain it's is also important to recognize its positive impact in the industry. Adoption seems to be on the rise with mini app games on the chain and even those that never understand how crypto works are already started exploring it more.

The recent colaboration with exchanges in developing trading mini apps will also make exchange very accesible to million of users further encouraging adoption. Tho sniper bot may have been the first to initiate trading activities on Telegram. Recently, we have seen exchanges exploring the chain but with limited features atm;

Bitget; available for spot and perp futures

Gate; only spot

BingX; only copy trading.

Having traditional trading platforms accessible through Telegram mini apps will not only make these platforms more accessible and save space for apps download but will provide opportunities for newbies and airdrop hunters to receive airdrops cos these trading mini apps come with reward to incentivize users.

Although telegram needs to prioritize security atm considering the influx of developers, traders and user on the chain and it will be nice to know or start seeing DEX built on this chain with a trading mini app to provide option for users.

Topic: Why telegram trading mini app could be changing the narrative in the industry. (Read 255 times)