Dear Phemex Users,
Phemex will support the token swap and rebranding of Frax Share (FXS) to Frax (FRAX).
Token Swap and Redenomination
- FXS tokens will assume the ticker of FRAX on Phemex.
- All FXS tokens will be swapped to FRAX at a ratio of 1 FXS = 1 FRAX.
- Phemex will issue a separate announcement about the launch of the rebranded Frax (FRAX) once the exact schedule has been determined.
Spot Delisting
- 10:00 UTC on January 7, 2026 – The FXS/USDT pair will be delisted from the Phemex spot market. All pending trade orders will be automatically removed after the delisting time.
- Deposits for FXS will no longer be available after 10:00 UTC on January 7, 2026.
- Withdrawals for FXS will no longer be available after 10:00 UTC on January 7, 2026.
Happy trading!
The Phemex Team
