Binance Supports FXS Token Swap to FRAX at 1:1 Ratio
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Token Upgrade: Binance's announcement to support the 1:1 swap of FXS tokens for FRAX signifies a crucial evolution in the Frax Finance ecosystem, enhancing its position in the competitive stablecoin market.
- Trading Timeline: FXS trading pairs will cease on January 13, with new FRAX token deposits and trading opening on January 15, ensuring a smooth transition for users and minimizing trading disruption risks.
- Automatic Migration: All existing FXS balances on Binance will be automatically converted to FRAX at a 1:1 ratio, eliminating the need for manual intervention and significantly reducing operational risks for users.
- Market Impact: Binance's support provides substantial liquidity for the new token, potentially increasing FRAX's market recognition and integration capabilities, thereby strengthening its competitiveness across decentralized and centralized finance platforms.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.








