Developed by The Open Platform, Walt aims to expand its reach while offering a broader range of financial and trading products than the basic cryptocurrency transfer features available through Telegram's own wallet.
“The biggest change is access,” Egor Danilov, chief product officer at Walt and The Open Platform, told CoinDesk in emailed comments.
Walt Targets Users Seeking Broader Trading Tools
Danilov said Telegram's own wallet is designed to handle basic crypto transfers, while Walt is targeting users looking for more extensive trading and investment capabilities.
The standalone application will offer cryptocurrency trading, tokenized U.S. stocks and exchange-traded funds, as well as yield products. It will also support perpetual futures tied to cryptocurrencies, metals and energy markets. These derivatives allow users to speculate on price movements through contracts that do not have an expiration date.
According to the source report, all of these products are already available through Walt's version inside Telegram. The standalone launch is therefore intended to make the existing range of services accessible beyond the messaging platform, rather than introduce an entirely new product lineup at launch.
New Features to Arrive First on Standalone App
Walt underwent a rebranding in September, when the company announced that Telegram's own wallet would replace it in the messaging application's settings. However, Walt remains accessible through its Telegram bot.
Danilov said the standalone application will receive new trading tools and asset classes before the Telegram version. The company also plans to introduce crypto payment cards at a later date, although it did not provide a launch timeline.
The distinction between the two wallet services reflects Walt's effort to establish a separate identity while retaining its existing presence within Telegram.
Walt Keeps Existing Accounts Across Both Versions
Walt says it has tens of millions of registered users but declined to disclose its monthly active user figures, trading volumes or total customer assets. The number of registered accounts therefore does not provide a complete picture of current platform activity.
Existing customers will be able to use the same account across the Telegram-based service and the standalone application. The new app is also set to launch in Walt's existing markets, although availability of individual investment products will differ by region.
By allowing registration through Google and Apple, Walt is removing the requirement for a Telegram account and opening its platform to a wider potential audience. Its next phase will focus on building a standalone destination for crypto trading and investment services while continuing to maintain access through Telegram.
source: coindesk
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.
