Binance has completed the mainnet launch and renaming of the Frax Share token FXS.

Techub News, according to a Binance announcement, Binance has completed the mainnet swap and brand upgrade from the Frax Share token FXS to the Frax token FRAX. Deposits and withdrawals for the new FRAX token are now open, and spot trading for the FRAX/USDT pair will open at 16:00 on January 15. The swap distributed tokens at a ratio of 1 FXS = 1 FRAX. Users can still deposit the old FXS (BEP20, ERC20) and swap it for the new FRAX at a 1:1 ratio via flash swap. Binance stated that it will no longer support withdrawal services for the old FXS token.