Latest news with #Toobit
Business Upturn
11 hours ago
- Business
- Business Upturn
Toobit Integrates TON for USDT Deposits and Withdrawals, Offering Faster and Cheaper Transactions
GEORGE TOWN, Cayman Islands, June 20, 2025 (GLOBE NEWSWIRE) — Toobit, an award-winning cryptocurrency exchange, today announces the integration of the TON (The Open Network) blockchain for Tether (USDT) deposits and withdrawals on its Spot platform. This upgrade offers traders a faster, more cost-efficient, and scalable option for managing USDT transactions. By adding TON support, Toobit is strategically tapping into one of the fastest-growing blockchain ecosystems, with over 153 million total created addresses as of 2025. The addition will also enhance the speed and affordability of USDT transfers, helping users optimize their trading and asset management strategies. 'We are thrilled to bring the benefits of the TON network to our users,' said Mike Williams, Chief Communication Officer at Toobit. 'We saw a clear demand for more network diversity and greater capital efficiency. Integrating TON is a direct response towards providing a reliable, high-speed, and extremely low-cost rail for USDT.' Key benefits for Toobit traders Improved capital efficiency: Traders can now move USDT with network fees averaging just $0.01 to $0.02 per transaction. More capital can be used for trading, not for network costs. Traders can now move USDT with network fees averaging just $0.01 to $0.02 per transaction. More capital can be used for trading, not for network costs. Faster strategy execution: With transaction finality achieved in approximately five seconds, the integration allows for the near-instantaneous transfer of assets. With transaction finality achieved in approximately five seconds, the integration allows for the near-instantaneous transfer of assets. Expanded network choice: By adding TON, Toobit connects its users to a network that is rapidly expanding, now boasting over 9 million active wallets and a Total Value Locked (TVL) of more than $155 million in its DeFi ecosystem. To start using TON for USDT transfers, users can simply go to their USDT wallet on Toobit and select TON as their preferred network for deposits or withdrawals. The move comes in response to growing demand for more efficient blockchain networks. Known for its high throughput, multi-blockchain architecture, and minimal fees, TON can theoretically process millions of transactions per second, making it an ideal solution for active traders. About Toobit Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what's next. For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram Contact: Davin C. Email: [email protected] Website: Disclaimer: This content is provided by Toobit. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Associated Press
4 days ago
- Business
- Associated Press
Toobit Enhances Spot Trading Experience with New Price Precision Adjustment Feature
GEORGE TOWN, Cayman Islands, June 16, 2025 (GLOBE NEWSWIRE) -- Toobit, an award-winning global cryptocurrency exchange, today rolls out a new enhanced price precision feature in its mobile app, designed to deliver a more accurate and transparent trading experience for spot traders. This improvement optimizes how prices are displayed, enabling users to view the most precise trading values in a market where every digit counts. For assets like PEPE/USDT, which regularly command a market capitalization of over $6 billion and see massive daily trading volumes, the ability to track micro-decimal price movements is critical. With this update, users can long-press the price field to reveal the fully expanded format for maximum clarity. Toobit now displays ultra-accurate prices using {N} to represent consecutive zeros. Long press to see the full value. 'The enhanced price display allows users to view prices and matched orders with greater clarity and minimal rounding,' said Mike Williams, Chief Communication Officer at Toobit. 'While prices have always been updated in real time, this update presents those values with the smallest possible increments. In a market where traders cite price precision as a critical factor for profitability, especially for high-volume assets, this feature ensures our users have a competitive edge.' Key benefits of this new feature include: This feature is now live on the Toobit mobile app and currently supports spot trading pairs. More trading products will be integrated with this enhanced precision display in future updates. With the meme coin market alone surpassing a $100 billion valuation in 2024 and projected to see continued significant growth, Toobit's update is designed to deliver a more accurate and transparent trading experience for spot traders in this booming sector. About Toobit Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what's next. For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram Contact: Davin C. Email: [email protected] Website: Disclaimer: This content is provided by Toobit. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. Photos accompanying this announcement are available at:
Associated Press
19-05-2025
- Business
- Associated Press
Toobit Strengthens European Presence as Platinum Sponsor of Dutch Blockchain Week 2025
GEORGE TOWN, Cayman Islands, May 19, 2025 (GLOBE NEWSWIRE) -- Toobit, an award-winning cryptocurrency exchange, will be participating in the upcoming Dutch Blockchain Week 2025 (DBW25) happening from May 19 to 25 as a Platinum Sponsor. The exchange will also be hosting a booth happening at the event's Dutch Blockchain Summit, which will be held at Amsterdam's Meervaart Theater on May 21 and 22. DBW25 is one of Europe's leading blockchain gatherings, bringing together industry leaders, developers, investors, and regulators to explore innovations in digital assets and decentralized technologies. Organized by the BCNL Foundation, the largest Web3 ecosystem in the Netherlands, the event will serve as a hub for collaboration and knowledge-sharing, showcasing the evolving role of blockchain technology in finance and beyond. 'We're excited to be part of Dutch Blockchain Week, where some of the most important conversations around blockchain technology take place,' said Mike Williams, Chief Communication Officer of Toobit. 'We look forward to building on meaningful discussions and exploring new innovations and opportunities in the space.' Toobit's participation in the event comes on the heels of its successful participation in Web3 Amsterdam earlier this year, where the exchange similarly took on the role of Platinum Sponsor. The cryptoasset exchange had then mentioned its burgeoning presence in the Netherlands, as well as its intent to reach out to physically meet and engage its collaborators within the European crypto ecosystem. Dutch Blockchain Week provides a key platform for discussing emerging trends in security, accessibility, and innovations in crypto trading. Toobit joins a global network of professionals shaping the future of digital finance, contributing to the industry's ongoing evolution. At the event, Toobit will also showcase its latest trading solutions, explore partnerships, and connect with the broader blockchain community. For more information on Dutch Blockchain Week 2025, visit About Toobit Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what's next. For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram Contact: Davin C. Email: [email protected] Website: Disclaimer: This is a paid post and is provided by Toobit. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at
Associated Press
18-04-2025
- Business
- Associated Press
Toobit Launches Convert, Now Offers Instant Zero-Fee Crypto Swaps
GEORGE TOWN, Cayman Islands, April 18, 2025 (GLOBE NEWSWIRE) -- Award-winning digital asset trading platform Toobit today announces the launch of Toobit Convert, a new crypoasset management tool that allows users to instantly swap between supported cryptocurrencies—without trading fees or the need to place manual buy or sell orders. With Toobit Convert, traders can exchange one asset for another at real-time market rates, simplifying portfolio management and enabling fast responses to market shifts. Unlike traditional spot trading, there's no need to deal with order books, set price limits, or use trading strategies. Toobit Convert offers a clean, easy-to-use interface that provides zero slippage for supported token amounts, with prices coming from several market makers, so traders always get the most competitive rates. Traders can take 3 simple steps to Convert their crypto 'Whether you're rebalancing your portfolio or moving between coins, Toobit Convert takes the friction out of the process,' said Mike Williams, Chief Communication Officer at Toobit. 'We're focused on building intuitive tools that enhance the user experience without compromising speed, security, or transparency.' Available now on both desktop and the Toobit trading app, Toobit Convert supports a wide range of digital assets, with minimum and maximum limits clearly displayed before each conversion. Most transactions are completed instantly, and users can track their conversion history directly from the Convert page. With Convert, new users can now swap assets in seconds with no extra charges. Experienced traders can also use Convert to move fast in changing markets or explore new options with ease. Whether adjusting a portfolio or dealing with price swings, Toobit Convert is a quick, easy tool for efficient cryptoasset management. This launch follows Toobit's growing suite of user-focused tools, including Toobit Earn, which offers staking rewards of up to 250,000 USDT. For more details, visit the Toobit Convert page: About Toobit Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what's next. For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram Contact: Davin C. Email: [email protected] Website: Disclaimer: This press release is provided by the Toobit. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at
