How Will Telegram's New Crypto Feature Affect Traders?

Telegram has launched a new crypto service in its app,app which is likely to change how the market trades in 2025. The new update further enhances the messaging platform integration into the crypto ecosystem, which will likely boost Telegram-based game tokens like Hamster Kombat.

As per a Tech Crunch report, the new Telegram update has added NFT gifting and third-party verification features.

Reducing scams and frauds

Earlier, Telegram had enabled verification features for public figures and organisations to uphold authenticity on the messaging platform. The new third-party verification features could help in combating crypto scams and frauds. These features can be used to verify user accounts with regulators and organizations which is likely to instil a sense of trust and tackle the menace of misinformation.

Speaking about the new update, Telegram said: “This decentralized platform for additional verification will help prevent scams and reduce misinformation—with a unique proactive solution that sets a new safety standard for social platforms.”

The new update also means that verified accounts will now display a distinct logo beside their names instead of the usual blue tick verification mark. This measure has been introduced for more clarity regarding the accounts.