The FRAX brand upgrade is complete, and a leading exchange has opened new token trading pairs.

ForkMonger · 2026-01-15T08:34:13+00:00

A leading exchange has completed the FXS Share upgrade to the FRAX token and has undergone a brand upgrade. The deposit and withdrawal functions for the new FRAX token are now open, and the FRAX/USDT trading pair will be launched on January 15, 2026. Users can exchange old FXS for new FRAX on a one-to-one basis; please pay attention to changes in deposit and withdrawal functionalities.

ForkMonger

2026-01-15 08:34:13

Abstract generation in progress

【ChainNews】A major leading exchange has just completed an important token swap event. FXS Share has officially upgraded to the FRAX token within the Frax ecosystem, along with a brand upgrade. What does this mean? First, the deposit and withdrawal functions for the new FRAX token are now open, and users can deposit and withdraw normally. In terms of trading pairs, the FRAX/USDT spot trading was officially launched at 16:00 on January 15, 2026 (UTC+8). Traders who want to participate can now directly operate the new trading pair.

For users who already have spot copy trading portfolios, this upgrade also presents an opportunity — they can enable the new trading pair to optimize their investment portfolios. The token swap follows a simple 1:1 ratio, with old FXS converted to new FRAX at a one-to-one ratio, and the distribution process has been completed. However, it should be noted that a leading exchange reserves the right to disable the old FXS deposit and swap functions and has already stopped supporting withdrawals of the old FXS tokens. Therefore, users holding the old version of the tokens should pay close attention to official updates.

FRAX21,37%

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GasFeeGazer

· 4h ago

Is this another 1:1 swap? Doesn't seem particularly special? I've already exchanged FXS to FRAX long ago, just waiting for this trading pair to go live, ready to buy the dip and try. Brand upgrade sounds fancy, but it's still the same old approach. However, it would be great if liquidity can keep up. Old tokens being discontinued, just stop using them. I've seen this situation too many times; everyone has to adapt.

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ImpermanentSage

· 8h ago

Another upgrade like this, 1:1 replacement is quite considerate, but I'm worried that there might be some tricks coming up later.

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¯\_(ツ)_/¯

· 8h ago

1:1 Swap? No loss this time, just jump on FRAX/USDT. I'm a bit excited about the liquidity of this new trading pair. FXS upgrades FRAX, signaling ecosystem optimization. Copy-trading groups have new strategies. Old tokens have stopped accepting deposits. Quickly handle your FXS holdings and avoid being stuck with them. Frax's brand upgrade has created quite a buzz. Now, it depends on whether they can maintain the momentum. Still need to watch out for risks. Exchanges might disable features at any time—this trick has been seen many times.

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MetaverseLandlord

· 8h ago

1:1 Swap? Fine, time for another round of tinkering, but this move in the FRAX ecosystem is indeed something. FRAX launches new trading pairs, now there's more to play with, and the copy trading portfolio needs to be optimized. Wait, the exchange reserves the right to close trading? I know this trick well, I need to quickly handle the old FXS. Brand upgrade sounds fancy, but honestly, it's probably just to attract new traffic. Anyway, I won't lose much with 1:1. Will this new trading pair carry a risk premium, or is it just a standard operation?

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MEVictim

· 8h ago

1:1 swap is pretty good, but the pace is a bit fast this time. Before I could react, FRAX was launched.

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Ramen_Until_Rich

· 8h ago

1:1 swap sounds very comfortable, but I'm worried that they might suddenly shut down the old deposit function later, and slow responders will be cut again.

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OnChainSleuth

· 8h ago

1:1 Swap sounds good, but it still feels like we need to keep an eye on the exchange's actions. Who knows when they'll just shut down old coin deposits. --- The FRAX ecosystem is once again undergoing upgrades. Will this truly bring real growth, or is it just another scheme to cut the leeks? --- New trading pairs launched, and the hype about copy trading and portfolio optimization has been heard many times. The key is whether there will be enough liquidity to support it later. --- 1:1 conversion usually has some tricks behind it. We should wait a few days before taking action. --- After an upgrade, they stop supporting it again? I know this set of moves from exchanges too well. In the end, retail investors always end up losing. --- FRAX is getting a new skin, from FXS to FRAX. I'm a bit worried about stability with such frequent name changes. --- Wait, January 2026? What kind of news is this? Haven't realized it yet.

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