Karina Gookin FaSP

This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Will Support the Frax Share (FXS) mainnet swap and rebranding to Frax (FRAX).
General
TradingAt 2026-01-13 03:00 (UTC), Binance will remove all existing FXS spot trading pairs (i.e., FXS/USDT) and cancel all pending FXS spot trading orders. At 2026-01-15 08:00 (UTC), Binance will open trading for the FRAX/USDT trading pairs.Deposits and WithdrawalsAt 2026-01-13 03:30 (UTC), deposits and withdrawals of FXS tokens will be suspended. Users should ensure they leave sufficient time for their FXS token deposits to be fully processed prior to this time. Deposits of FRAX tokens will be opened at 2026-01-15 07:00 (UTC).Binance will make a separate announcement after the event is completed to notify users when withdrawals of FRAX tokens have opened.After the event is complete, withdrawals of FXS tokens will no longer be supported.Binance will handle all technical requirements for users who are involved in this event.Users may refer to the announcement from the project team for more information.
Mainnet Swap and Rebranding
FXS tokens will assume the ticker of FRAX tokens on Binance. All FXS tokens will be swapped to FRAX at a ratio of 1 FXS = 1 FRAX.
Spot
At 2026-01-12 03:00 (UTC),Binance Spot Copy Trading will remove the aforementioned spot trading pairs. After this time, any outstanding spot trading pairs will be moved to the Spot Account. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to this time to avoid potential losses.At 2026-01-13 03:00 (UTC), Binance will remove and cease trading on all Spot trading pairs for FXS. The exact trading pairs being removed are: FXS/USDT. All trade orders will be automatically removed after trading ceases in each respective trading pair.Binance will remove Trading Bots services for the aforementioned Spot trading pairs where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.Binance will open trading for the FRAX/USDT trading pairs at 2026-01-15 08:00 (UTC).
Futures
Starting from 2026-01-06 08:30 (UTC), users are not allowed to open new positions for the aforementioned contract(s). At 2026-01-06 09:00 (UTC),Binance Futures will close all positions and conduct an automatic settlement on the aforementioned contract(s). The aforementioned contract(s) will be removed after the settlement is complete. Users are advised to close any open positions prior to the settlement time to avoid automatic settlement. Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the FXSUSDT symbol(s).During the final hour proceeding the scheduled settlement time of a futures contract, the Futures Insurance Fund will not be utilised to support the liquidation process in respect of that futures contract. Any such liquidation triggered during the final hour will be executed as a single Immediate or Cancel order (“IOCO”), which will be offloaded into the market in one attempt. If, following the execution of the IOCO, the assets remaining available in the user's account are sufficient to meet the required Maintenance Margin (after accounting for realized losses and any applicable Liquidation Clearance Fee), the liquidation will cease. If the IOCO fails to fully reduce the position to a level that satisfies the Margin Maintenance requirements, any unfilled portion of the position will be resolved through the Auto-Deleveraging (ADL) process. Users are strongly advised to actively monitor and manage open positions during the final hour, as this period may be subject to heightened volatility and reduced liquidity.In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the aforementioned contract(s) without further announcements, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. A separate announcement will be made for relisting.
Margin
At 2025-12-29 06:00 (UTC),Binance Margin will suspend Cross Margin and Isolated Margin borrowings on the aforementioned pair(s).At 2026-01-06 10:00 (UTC)（Margin Delisting Time),Binance Margin will remove FXS from Cross and Isolated Margin. The FXS/USDT, and FXS/USDC Cross Margin pairs, and FXS/USDT, and FXS/USDC Isolated Margin pairs will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token(s) via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their Margin Accounts. If users hold outstanding liabilities of said token(s), these users may only manually transfer up to the amount of liabilities of that token(s) into their Margin Accounts, less any collateral already available.Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned Isolated Margin pair(s), which will then be removed from Isolated Margin.If users hold both collateral and liabilities of the aforementioned token(s) on Cross Margin, the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:If users only hold the aforementioned token(s) in the form of collateral: If the Collateral Margin Level (CML) is above 2, the aforementioned token(s) will be transferred to users’ Spot Accounts, up to the point when the CML reaches 2. The remaining tokens in their Cross Margin Accounts that are to be removed will then be fully sold. If the CML is below 2, the remaining token(s) in users’ Cross Margin Accounts that are to be removed will be fully sold. If users only hold the aforementioned token(s) in the form of liabilities:If CML is at or above 2, pending orders will not be affected. If the CML is below 2, all pending orders in their Cross Margin Accounts will be canceled. The system will then sell other collateral tokens to buy and fully repay the aforementioned token(s)’ liabilities.Please note that users will not be able to update their positions during the removal process, and they are strongly advised to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of margin trading at Margin Delisting Time. Binance will not be responsible for any potential losses.Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Accounts to their Spot Accounts and to top up their margin balances before Margin Delisting Time where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Account. All FXS balances in the Cross Margin Account under the Portfolio Margin Account will be automatically converted to USDT from Margin Delisting Time. The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information.A separate announcement will be made for relisting.
Loans
At 2026-01-06 07:00 (UTC), Binance Loans (Flexible Rates) and VIP Loan will close all outstanding loan positions for FXS (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding FXS loans before this time to avoid any potential losses.
Please refer to the Binance Loans (Flexible Rates) and VIP Loan FAQs for more information. More details are also available in the Binance Loans and VIP Loan Terms and Conditions.
Simple Earn
From 2026-01-12 08:00 (UTC),
Binance Simple Earn will cease support for FXS Simple Earn Flexible Products. Subscriptions will no longer be available. All remaining FXS Flexible Products positions, together with any accrued rewards, will be automatically redeemed to users’ Spot Accounts. Users can choose to redeem their assets from FXS Simple Earn Flexible anytime beforehand without deduction of any accrued rewards.
After 2026-01-15 08:00 (UTC), Binance Simple Earn will resubscribe the converted FRAX assets for Flexible Products for impacted users.
Binance Pay
At 2026-01-09 08:00 (UTC), Binance will remove FXS from the list of supported cryptocurrencies on Binance Pay.
Gift Card
At 2026-01-13 03:00 (UTC),Binance will no longer support the creation of FXS Gift Cards.
Users may proceed to redeem any unredeemed FXS Gift Cards for FXS tokens before this time.
Convert
Binance Convert will remove FXS and all associated pairs at 2026-01-13 02:00 (UTC).
Convert Low-Value Assets
Convert Low-Value Assets will remove FXS at 2026-01-12 02:00 (UTC). Users may choose to convert the low-value assets beforehand.
Buy & Sell Crypto
At 2026-01-05 03:00 (UTC), Buy & Sell Crypto will remove FXS and all associated pairs.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-12-26
Disclaimers:
USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and EEA-Customer-Support@circle.com. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.