Binance is officially switching its Toncoin markets to the newly revived Gram ticker — and it’s handling the token swap for users.
What’s happening
- Binance will automatically convert TON balances to GRAM at a 1:1 ratio as part of the Toncoin rebrand. Users do not need to perform the swap themselves; the exchange will take care of the technical steps.
- The rebrand keeps TON as the network name while GRAM becomes the token ticker on Binance — a return to the name originally proposed in Telegram’s early TON white paper.
Key dates and timeline (UTC)
- June 23
- 08:30 — New TONUSDT USD‑M perpetual orders disabled.
- 09:00 — All TONUSDT USD‑M perpetual positions closed and the contract settled. Binance warns of reduced liquidity and potential volatility in the final hour.
- TON removed from cross and isolated margin on the same day.
- June 26
- TON Simple Earn products stop accepting new support; remaining positions will be redeemed to users’ spot accounts and, where applicable, resubscribed as GRAM products after the swap.
- June 30
- 03:00 — Binance will remove all TON spot trading pairs (TON/FDUSD, TON/IDR, TON/TRY, TON/U, TON/USD1, TON/USDC, TON/USDT). All pending TON spot orders will be cancelled.
- 03:30 — TON deposits and withdrawals suspended. Users sending TON to Binance close to this deadline should allow sufficient processing time.
- July 2
- 07:00 — GRAM deposits and withdrawals re-open.
- 08:00 — GRAM spot trading pairs (GRAM/FDUSD, GRAM/IDR, GRAM/TRY, GRAM/U, GRAM/USD1, GRAM/USDC, GRAM/USDT) will be listed and trading begins.
Other affected services
- Margin, loans, Simple Earn, Dual Investment, Pay, Gift Card, Convert, and Buy & Sell Crypto will follow separate deadlines and adjustments tied to the migration. Users with positions or products involving TON should check Binance notices and act before each deadline.
Context and market reaction
- The rebrand revives the Gram name used in the original TON white paper, a move publicly noted by Telegram founder Pavel Durov, who said the change doesn’t require a network-level token swap.
- The announcement helped revive trader interest: Toncoin prices climbed in early June, trading near $1.71 on June 12 with a roughly 4% 24‑hour gain, according to crypto.news data.
What holders should do
- Spot holders can rely on Binance’s automatic 1:1 swap but should be aware of cutoff times for deposits and withdrawals.
- Traders using futures, margin, loans, or other Binance products need to review deadlines and consider closing or adjusting positions ahead of the listed dates to avoid forced settlement or canceled orders.
Bottom line: Binance is managing the technical side of Toncoin’s rebirth as GRAM, but the exchange’s staged schedule imposes clear deadlines — especially for leveraged and product-based positions. Check your Binance account and the exchange’s official notices to avoid surprises.
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