Binance has executed the mainnet swap of Frax Share (FXS) to Frax (FRAX) on January 15, 2026, and opened FRAX/USDT spot trading.Binance has executed the mainnet swap of Frax Share (FXS) to Frax (FRAX) on January 15, 2026, and opened FRAX/USDT spot trading.

Binance Completes FXS to FRAX Mainnet Swap

Binance Completes FXS to FRAX Mainnet Swap
Key Points:
  • 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 Binance’s services.

Binance’s 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.

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 Binance’s platform, reflecting the market’s 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.

Market Opportunity
FRAX Logo
FRAX Price(FRAX)
$0.799
$0.799$0.799
-1.44%
USD
FRAX (FRAX) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Institutions Now Control Nearly a Quarter of Available Bitcoin Supply

Institutions Now Control Nearly a Quarter of Available Bitcoin Supply

The post Institutions Now Control Nearly a Quarter of Available Bitcoin Supply appeared on BitcoinEthereumNews.com. Bitcoin 21 September 2025 | 11:00 Fresh figures from BitcoinTreasuries reveal just how concentrated Bitcoin ownership has become among institutions. According to the data, about 3.74 million BTC — nearly 18% of all coins in circulation — are now in the hands of companies, funds, governments, and other organizations. The biggest share belongs to ETFs and publicly listed companies, which have expanded their holdings rapidly since the U.S. approved spot Bitcoin ETFs earlier this year. In total, 332 entities are known to hold reserves: 192 public firms, 44 funds, 68 private companies, 13 governments, 11 DeFi projects, and four major custodians or exchanges. Share of the Available Supply When adjusted for coins that are unlikely to ever move — including the estimated 1.1 million BTC mined by Satoshi Nakamoto and up to 3.7 million that are believed lost — institutional ownership represents closer to 23–25% of the effective supply. Global Distribution The United States leads the pack, with 118 entities reporting Bitcoin reserves. Canada comes next with 43, followed by the UK (21), Japan (12), and Hong Kong (12). Together, these countries dominate the institutional landscape of Bitcoin adoption, both through corporate treasuries and financial products. Growing Influence The sharp increase in institutional ownership coincides with two trends: the arrival of regulated ETFs in major markets and the rise of digital asset treasury firms that manage crypto reserves in the same way corporations handle cash. The shift has accelerated in 2025, further solidifying Bitcoin’s role as a strategic asset in global finance. With nearly a quarter of liquid supply now in institutional hands, Bitcoin’s trajectory is increasingly tied to the strategies of companies, funds, and even governments — raising new questions about how decentralized the ecosystem really is. The information provided in this article is for educational purposes only and…
Share
BitcoinEthereumNews2025/09/21 16:01
XRP bulls brace for key support retest as Bloomberg’s McGlone sounds alarm

XRP bulls brace for key support retest as Bloomberg’s McGlone sounds alarm

XRP hovers on key support as Bloomberg’s McGlone warns of a breakdown while CryptoBull bets on a long consolidation before a major upside breakout. Bloomberg Senior
Share
Crypto.news2026/01/27 18:04
Tourism in Asia is returning, but not in the way it did before

Tourism in Asia is returning, but not in the way it did before

Tourism across Asia is entering a more complex phase. The region is seeing a patchwork of demand shaped by shifting traveler preferences and market segmentation
Share
Bworldonline2026/01/27 16:00