Telegram crypto bots gain momentum in the market: Binance Research

Telegram bots have been progressively emerging as a brand-new tool to get direct exposure to cryptocurrency markets and a number of related services.The cumulative crypto trading volume associated with Telegram bots exceeded $190 million as of early August 2023, according to a brand-new report by Binances research arm Binance Research.Crypto activity facilitated through Telegram bots has been specifically on the rise in recent months. User metrics also struck a record high in July, reaching more than 6,000 everyday special users.In overall, Telegram bots have actually gathered more than 15,500 Ether (ETH), or about $28 million, in all-time profits, Chua reported.Year-to-date daily trading volume on Telegram bots. Source: Binance ResearchJust like typical Telegram bots, cryptocurrency-enabled Telegram bots permit users to connect with specific programs to complete specific jobs by sending out messages on the Telegram messenger.