- Binance completes Frax Share swap to Frax.
- All FXS converted 1:1 to FRAX.
- FRAX/USDT trading now live.
Binance completed the rebranding and 1:1 mainnet swap of FXS Shares to FRAX on January 15, 2026. Trading for FRAX/USDT began immediately, with deposits and withdrawals for new FRAX tokens now available across Binanceโs services.
Binanceโs action marks a significant update for users, transitioning all FXS tokens to the new FRAX token on its platform. The prompt transition enhances liquidity and access for investors.
Binance successfully accomplished the mainnet swap and rebranding of Frax Share (FXS) to Frax (FRAX) on January 15, 2026, offering spot trading for FRAX/USDT. All existing FXS balances on the platform were converted at a 1:1 ratio with FRAX tokens. Binance, the major player in cryptocurrency exchange, played a critical role in executing this transition, as the exchange facilitated users by enabling spot trading and deposits for the new FRAX tokens immediately.
โWe are thrilled to facilitate the seamless transition from FXS to the new FRAX token, reinforcing our commitment to supporting innovative projects in the blockchain space.โ โ Changpeng Zhao (CZ), CEO, Binance
The completion of the swap has an immediate impact on traders, with the opening of FRAX/USDT trading on Binance and the closure of FXS/USDT trading. FXS withdrawals ceased, but Binance allows deposits of old FXS tokens for conversion. The financial implications include alterations in the liquidity and trading volumes on Binanceโs platform, reflecting the marketโs adjustment to the new token. The regulatory landscape remains unchanged, with no new policies or compliance actions mentioned in official reports.
While no official statements were released from key opinion leaders (KOLs) or regulatory bodies, the market may anticipate further guidance from Frax Finance on strategic plans following the swap. Historically, such mainnet swaps can create shifts in token utility and adoption, potentially influencing future technological developments. The Frax team might focus on leveraging the mainnet upgrade for broader ecosystem growth.
About the author
Binance Completes FXS to FRAX Mainnet Swap
Binance has executed the mainnet swap of Frax Share (FXS) to Frax (FRAX) on January 15, 2026, and opened FRAX/USDT spot trading.
Binance Alpha Lists Sport.Fun Amid Skepticism
Binance Alpha's unverified listing of Sport.Fun creates uncertainty and market skepticism.
Helium Mobile Alters Zero Plan, Prompting User Concerns
Helium Mobile updates its Zero Plan by introducing taxes and data limits, stirring user dissatisfaction.
Ethereum Whale โ58bro.ethโ Amasses $17.77M in ETH
Ethereum whale '58bro.eth' has acquired 5,594.85 ETH, valued at $17.77 million.
Zcash Foundationโs SEC Investigation Concludes Without Actions
Zcash Foundation announces SEC concludes investigation without enforcement actions on January 14, 2026.
Financial Advisors Adjust Crypto Portfolios Amid Bitcoin Surge
Financial advisors across major firms have adjusted their guidance on cryptocurrency allocations, suggesting a range of 2% to 5% in portfolios to optimize returns.
Related
Binance Alpha Lists Sport.Fun Amid Skepticism
Binance Alpha's unverified listing of Sport.Fun creates uncertainty and market skepticism.
Helium Mobile Alters Zero Plan, Prompting User Concerns
Helium Mobile updates its Zero Plan by introducing taxes and data limits, stirring user dissatisfaction.
Ethereum Whale โ58bro.ethโ Amasses $17.77M in ETH
Ethereum whale '58bro.eth' has acquired 5,594.85 ETH, valued at $17.77 million.
Zcash Foundationโs SEC Investigation Concludes Without Actions
Zcash Foundation announces SEC concludes investigation without enforcement actions on January 14, 2026.
Financial Advisors Adjust Crypto Portfolios Amid Bitcoin Surge
Financial advisors across major firms have adjusted their guidance on cryptocurrency allocations, suggesting a range of 2% to 5% in portfolios to optimize returns.
U.S. Suspends Immigrant Visa Processing for 75 Nations
The U.S. will pause immigrant visa processing for 75 countries starting January 2026 to reassess immigration procedures and prevent foreign nationals from accessing public benefits.
