Walt, the Crypto Wallet Born in Telegram, Launches as a Standalone App

Walt standalone crypto app, Digi Mart USA News: Walt, the crypto platform once known as a wallet inside Telegram, is now operating as a standalone app and aims to reach users beyond the messaging service that helped it build tens of millions of registered accounts.

The app will allow users to sign in with Google or Apple without needing a Telegram account, a significant change for an app whose growth was driven by letting Telegram users buy, hold and send cryptocurrencies within the messaging platform. The challenge, the company acknowledges, is giving people a reason to download another app.

“The biggest change is access,” said Egor Danilov, Chief Product Officer at Walt and at its developer The Open Platform, in an email comment to CoinDesk.

Danilov said Telegram’s own wallet handles basic crypto transactions, while Walt targets users seeking broader trading and investment options. The standalone app will offer crypto trading, tokenized U.S.

stocks and exchange-traded funds, as well as yield products. Users will also be able to trade perpetual futures on cryptocurrencies, metals and energy, allowing them to bet on price movements through contracts with no expiration date.

All of these products are already available through Walt inside Telegram. Walt rebranded in September, when it announced that it would replace Telegram’s own wallet in the messaging app’s settings.

Walt remains available through its Telegram bot.

Danilov said the standalone app will initially receive new trading tools and asset classes, while crypto payment cards are planned for a later date.

Walt stated that it has several tens of millions of registered users but declined to disclose monthly active users, trading volumes or customer assets.

Existing users can use both versions with the same account, and the standalone app will launch in Walt’s current markets, with access to some investment products varying by region.