Binance to replace TON with GRAM, with spot switch on July 2
Binance said it will support the Toncoin rebranding to GRAM by moving all TON trading activity to the GRAM ticker in a staged process ending in early July.
The exchange will swap TON to GRAM at a 1:1 ratio and remove old TON spot pairs. Binance will close TON spot trading pairs at 03:00 UTC on June 30, canceling pending TON spot orders. It will then open GRAM spot pairs (including 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 change earlier: Binance will suspend TON deposits/withdrawals at 03:30 UTC on June 30 and reopen GRAM deposits/withdrawals at 07:00 UTC on July 2.
Derivatives and product deadlines are separate. Binance Futures will close all TONUSDT USD-M perpetual positions and settle the contract at 09:00 UTC on June 23, and users will not be able to open new orders from 08:30 UTC that day. Binance also warned that reduced liquidity and volatility may affect settlement conditions.
Binance Margin will remove TON from cross and isolated margin on June 23, while TON Simple Earn support stops accepting new allocations from June 26. Remaining positions are set to be redeemed to spot first and then resubscribed as GRAM products where applicable.
Separately, Binance noted the rebrand keeps the network name as TON, while GRAM becomes the token ticker on Binance. Traders holding TON can benefit from the automatic swap on Binance, but may need to adjust or close futures/margin positions before the listed dates.
Neutral
This is primarily an exchange listing/migration event rather than a change to TON’s underlying network. Binance will move TON markets to the GRAM ticker at a 1:1 rate, and many spot holders should benefit from an automatic swap, which limits long-term downside.
However, the removal of TON spot pairs (June 30) and the closure/settlement of TONUSDT perpetuals (June 23) can trigger short-term volatility. Such scheduled delistings/contract migrations often lead to temporary liquidity fragmentation, order-cancellation effects, and forced positioning adjustments by derivatives users—especially in the last hour(s) before deadlines.
Traders typically respond in two stages in similar past exchange migrations: (1) early positioning and hedging ahead of settlement/withdrawal suspensions, then (2) a liquidity rebound after the new ticker opens and balances normalize. Net impact is therefore mixed: short-term churn around the dates, but neutral-to-stable longer-term price behavior because the network remains TON and the conversion is handled by Binance.