Following a sharp intraday surge in FXS’s price, Binance confirmed FRAX/USDT spot trading will commence January 15, 2026, as part of its mainnet migration support.
FXS price spiked from $0.68 to $1.128 within three hours before settling at $0.98, marking a 60.8% gain. Binance reaffirmed its plan to support the 1:1 conversion from Frax Share (FXS) to Frax (FRAX), with all FXS spot pairs delisted on January 13, 2026, and FRAX/USDT trading opening on January 15, 2026. The exchange will also migrate derivatives, margin, lending, and other FXS-linked services to FRAX, managing all technical aspects of the transition.