Telegram Is Planning To Build Crypto Wallets And A Decentralized Exchange, CEO Pavel Durov Says

Telegram CEO Pavel Durov is setting his sights higher for the messaging app.

Through its blockchain-based auction platform, Fragment, Telegram has sold $50 million in usernames in less than a month.

Bolstered by Fragment’s strong sales, Durov said the company will build a decentralized exchange (DEX) and non-custodial wallets that could reach millions of users.

The statement is the first confirmation of Telegram’s direct involvement with integrating TON blockchain into the messenger.

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