Announcement on FXS Token Swap and Rebranding to FRAX

Dear Users,

Pionex will support the token swap and rebranding of FXS to FRAX. Accordingly, the following adjustments will be made to FXS-related features:

1. Delisting of Future Trading Pair and Leveraged Tokens
At 02:30 (UTC) on January 5th, 2026, the FXS/USDT future trading pair will be discontinued and delisted. All open orders and related bot orders will be canceled.

2. Delisting of Spot Trading Pairs
At 03:00 (UTC) on January 9th, 2026, FXS/USDT spot trading pair will be discontinued and delisted. All open orders and related bot orders will be canceled.

3. Delisting of Earn Product
At 01:30 (UTC) on January 5th, 2026, Arbitrage Product Based on FXS will be delisted.

4. Suspension of Deposit and Withdrawal Services
At 03:00 (UTC) on January 9th, 2026, deposits and withdrawals for FXS will be suspended.

5. FXS Position Snapshot and Token Swap
After the trading pairs are delisted, a snapshot of users holding FXS will be taken. Eligible users will receive FRAX tokens at a 1 FXS = 1 FRAX ratio.

6. Reopening of FRAX Trading
The exact date for the reopening of the FRAX/USDT trading pair will be announced in due course.

Risk Warning:

Trading in the crypto market carries a substantial risk and the possibility of making both significant profits and losses. Please trade cautiously. Though Pionex will try its best to choose high-quality assets, Pionex cannot assure any profit and will not be responsible for your trading loss.

Thank you for your continued support of Pionex!

Pionex Team
December 28th, 2025