Binance drops TON ticker as GRAM trading starts July 2

Binance will support the rebranding of Toncoin to Gram, moving the exchange’s TON markets to the GRAM ticker through a staged process ending in early July.

Binance said it will support the Toncoin rebrand to Gram and handle the technical process for affected users. The exchange will swap TON tokens to GRAM at a ratio of 1 TON to 1 GRAM.

The change means users holding TON on Binance do not need to manually complete the swap. The exchange will move eligible balances to the new GRAM ticker after the rebrand process is completed.

Binance old TON pairs will close

Binance will remove all TON spot trading pairs at 03:00 UTC on June 30. The affected pairs include TON/FDUSD, TON/IDR, TON/TRY, TON/U, TON/USD1, TON/USDC, and TON/USDT.

All pending TON spot orders will be canceled when trading stops. Binance will then open GRAM/FDUSD, GRAM/IDR, GRAM/TRY, GRAM/U, GRAM/USD1, GRAM/USDC, and GRAM/USDT at 08:00 UTC on July 2.

Deposits and withdrawals of TON will be suspended at 03:30 UTC on June 30. GRAM deposits and withdrawals will open at 07:00 UTC on July 2, one hour before spot trading begins.

After the process ends, Binance said it will no longer support deposits and withdrawals of TON tokens. Users who move TON to Binance close to the deadline must leave enough time for deposits to process.

Futures and other products face deadlines

Binance Futures will close all TONUSDT USD-M perpetual positions and settle the contract at 09:00 UTC on June 23. Users will not be able to open new orders from 08:30 UTC on that date.

The exchange also warned futures users to monitor open positions during the final hour. Binance said reduced liquidity and market volatility may affect settlement conditions before the contract is removed.

Margin, loans, Simple Earn, Dual Investment, Pay, Gift Card, Convert, and Buy & Sell Crypto services will also face separate deadlines. Binance Margin will remove TON from cross and isolated margin on June 23.

TON Simple Earn products will stop accepting support from June 26. Remaining positions will be redeemed to users’ spot accounts, then resubscribed as GRAM products after the swap where applicable.

Gram rebrand follows Telegram push

The rebrand returns Toncoin to the Gram name used in Telegram’s original blockchain plan. TON will remain the name of the network, while GRAM will become the token ticker on Binance.

As previously reported by crypto.news, Pavel Durov said Gram was the original name of the token in TON’s first white paper. He also said the rebrand does not require a token swap at the network level.

As reported earlier this month, Toncoin rallied earlier in June after the Gram plan revived trader interest. TON traded near $1.71 on June 12, with a 24-hour gain of about 4%, according to crypto.news data.

The Binance timeline now gives holders clear exchange deadlines. Spot holders can wait for the automatic swap, while futures, margin, loan, and product users may need to close or adjust positions before the listed dates.