Binance, the leading cryptocurrency exchange, has successfully completed the token exchange and redenomination of Stratis (STRAX) tokens. Deposits and withdrawals for the new STRAX tokens are now open, and various services such as spot trading, Binance Simple Earn and margin trading will support the new tokens. The swap was done at a ratio of 1 old STRAX token to 10 new STRAX tokens. Binance users can access their assigned new STRAX token deposit addresses on the platform.
Binance has announced the completion of the Stratis (STRAX) token exchange and redenomination on its official support page. The exchange has confirmed that deposits and withdrawals for the new STRAX tokens are now open, allowing users to freely manage their STRAX holdings.
To facilitate the transition, Binance has provided several services for the new STRAX tokens. Spot trading for the STRAX/BTC, STRAX/USDT and STRAX/TRY trading pairs opened at 08:00 (UTC) on the closing date. This provides users with the opportunity to trade the new tokens on the spot market.
Additionally, Binance Simple Earn, a platform that allows users to earn passive income from their crypto holdings, has added STRAX as one of its supported assets. Users can now subscribe to STRAX’s flexible products and earn rewards.
Margin traders can also benefit from the new STRAX tokens. Binance will add STRAX as a loanable asset on the Cross and Isolated Margin, as well as introduce the STRAX/USDT pair on the Cross and Isolated Margin at 13:00 (UTC) on the Completion Date. This allows traders to leverage their STRAX holdings and potentially increase their trading profits.
Additionally, Binance Loans (Flexible Rate) will support STRAX as a new loanable asset from 08:00 (UTC) the following day. Users can use their STRAX holdings as collateral to secure instant loans.
It is important to note that the token exchange and redenomination was conducted at a ratio of 1 old STRAX token to 10 new STRAX tokens. Binance users can view token distribution history and receive their assigned new STRAX token deposit addresses via the provided links.
Deposits and withdrawals of the old STRAX tokens will no longer be supported, so users are advised to switch to the new tokens to ensure seamless trading and access to Binance services.
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