[Binance Completes FXS Share (FXS) Mainnet Swap and Brand Upgrade to Frax (FRAX)] According to the official announcement, Binance has completed the mainnet swap of FXS Share (FXS) and the brand upgrade to Frax (FRAX), and has opened deposit and withdrawal services for the new FRAX token. Binance has opened FRAX/USDT spot trading on January 15, 2026, at 16:00 (UTC+8). For existing spot copy trading portfolios, users can enable the new trading pair. Tokens have been distributed at a ratio of 1 old FXS = 1 new FRAX. Binance reserves the right to close the deposit and swap functions for the old FXS token at any time and will no longer support withdrawal services for the old FXS token.