🚨 BIG NEWS FOR $FRAX! 🚨
Major updates happening NOW with FRAX on Binance:
📅 January 15, 2025 - FRAX/USDT spot trading officially launched after the successful FXS → FRAX token migration! All FXS holdings were automatically swapped 1:1 to FRAX.
🔥 NEW: Perpetual Futures Listed!
Binance just announced FRAX perpetual futures contracts with up to 50x leverage (launching March 21, 2025) - a HUGE step for DeFi integration into mainstream trading!
💡 What is FRAX?
FRAX is the rebranded token from FXS, representing the first fractional-algorithmic stablecoin protocol. Unlike fully collateralized stablecoins, FRAX uses a hybrid model that dynamically adjusts between crypto collateral and algorithmic mechanisms.
🌟 Why This Matters:
- Increased liquidity and market access
- Institutional validation for the Frax Finance ecosystem
- Advanced trading strategies now available
- Backed by BlackRock's BUIDL fund through frxUSD stablecoin
This marks a pivotal moment where cutting-edge DeFi meets centralized exchange infrastructure!
DYOR and trade responsibly!
#FRAX #stablecoin #MarketRebound #CPIWatch #BinanceSquareTalks
