Last updated on January 2nd, 2026 at 07:40 pm
Quick Breakdown
- MEXC closes FXS deposits, withdrawals, and trading on December 24, 2025, 10:00 UTC.
- Token swap executed at a 1:1 ratio; FXS rebrands to FRAX.
- MEXC provides support for FXS holders during the swap and will no longer accept FXS deposits made before the swap afterwards.
Crypto exchange MEXC has confirmed support for the Frax Share (FXS) token swap, marking its rebranding to Frax (FRAX).
FXS is upgrading to FRAX on @MEXC_Official 🎉
FRAX is our upgraded ecosystem token, used as gas on our L1 Fraxtal. It offers exposure to the future of digital dollars through the growth of our GENIUS-compatible stablecoin, frxUSD.
Learn more from MEXC: https://t.co/9Z83t7Nk9Z pic.twitter.com/XMe6lP6pYB
— Frax Finance ¤⛓️¤ (@fraxfinance) December 23, 2025
MEXC prepares FXS token swap to FRAX
The swap will occur at a 1:1 ratio, with FXS tokens assuming the FRAX ticker once completed. To accommodate the transition, MEXC will suspend deposits, withdrawals, and anFXS tradingXS starting December 24, 2025, at 10:00 UTC. Users holding FXS in their MEXC accounts will automatically have their tokens swapped to FRAX, while any deposits made after the closure will not be processed.
This update is part of Frax’s broader strategy to streamline its ecosystem and enhance liquidity and usability for holders. The swap ensures that all token holders can continue trading without disruption under the new FRAX branding. MEXC will provide customer support throughout the process to address technical issues and assist users in verifying their token holdings.
Contract updates and user guidance
As part of the rebranding, the old FXS contract will be retired, and a new FRAX contract address will take effect. Users are advised to confirm token types before making deposits after the swap to avoid potential asset losses. MEXC has emphasized that deposits of old FXS tokens will not be supported post-swap. A follow-up announcement will be released once the token swap is fully completed.
The move reflects a growing trend among crypto exchanges to support token migrations and rebrandings actively, ensuring seamless transitions for users and maintaining market continuity. By backing Frax’s upgrade, MEXC reinforces its commitment to providing reliable infrastructure for emerging token projects and minimizing disruptions during contract transitions and upgrades.
MEXC users are encouraged to follow official announcements and use available customer support channels to navigate the token swap safely.
Meanwhile, MEXC introduced stock futures trading with zero commission fees, marking a significant expansion into traditional financial derivatives. This new offering allowed users to trade futures contracts based on shares of major U.S.-listed companies without incurring any broker fees.
If you would like to read more articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
