Binance to support FXS token swap and rebrand to FRAX

Binance has announced its support for the Frax Share (FXS) token swap and its rebranding to Frax (FRAX). The exchange will delist all existing FXS spot trading pairs at 3:00 a.m. UTC on Jan. 13 and suspend deposits and withdrawals for the token at 3:30 a.m. UTC the same day. Deposits for the new FRAX token will open at 7:00 a.m. UTC on Jan. 15, with trading for the FRAX/USDT pair launching at 8:00 a.m. UTC. Existing FXS tokens will be migrated to FRAX at a one-to-one ratio.