CEX.IO will support the conversion of Frax Share (FXS) to Frax (FRAX) as part of the token migration. For more details, please refer to the official website.

The migration will be automatic for the holders of FXS on CEX.IO, requiring no action from the users. Below is a brief overview of how it will be implemented.

All transactions involving FXS will be paused to secure the integrity of the process. The affected services:

FXS wallet addresses associated with CEX.IO will be deactivated. Any FXS deposits initiated on or after January 29 risk permanent loss.

All active FXS trade orders will be automatically cancelled. To avoid disruption, please close your pending FXS trades before this date.

After migration is complete, all FXS tokens held in user wallets will be automatically converted to FRAX tokens at a 1:1 ratio. If you hold FXS, we’ll reach out to you individually once the migration is complete and the new tokens have been credited to your balance.

Full services for FRAX will be resumed, including:

The migration process will be done with stringent security measures in place to protect your assets. The FXS’s team claimed that the tokenomics of the new FRAX tokens remain the same, ensuring that your holdings retain their value post-migration.

Thank you for your cooperation and trust in our platform as we continue to support the latest developments in the cryptocurrency space.

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Services are subject to eligibility and regulatory restrictions in certain jurisdictions and are not available to the UK and Spain residents. To understand what products and services are available in your region, please see our list of supported countries and territories. Nothing in this material constitutes investment or financial advice. Trading digital assets involves significant risk, including the potential loss of capital. Please conduct your own research. Terms and conditions apply