Binance supports the FXS mainnet switch and renaming to FRAX, and related trading will be gradually adjusted starting January 13th.
TL;DR
Binance will support the Frax Share (FXS) mainnet switch and rebranding to Frax (FRAX) with a 1:1 exchange. FXS trading ends on January 13th, and FRAX/USDT trading starts on January 15th, with automatic migration of functions.
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PANews reported on December 26th that, according to a Binance announcement, the platform will support the mainnet switch and rebranding of Frax Share (FXS) as Frax (FRAX). All FXS will be exchanged for FRAX at a 1:1 ratio. The FXS spot trading pair will be delisted on January 13th at 03:00 (UTC), and FRAX/USDT trading will begin on January 15th at 08:00. FXS deposits, withdrawals, contracts, leverage, lending, wealth management, and payment functions will be gradually terminated and migrated to FRAX. Binance will automatically handle the technical processing; users should adjust their positions in advance to avoid potential losses.