Binance has completed the Fantom (FTM) token swap and rebranded to Sonic (S).

BlockBeats News, January 16, according to an official announcement, Binance has now completed the Fantom (FTM) token swap and rebranding to Sonic (S), and has opened deposits and withdrawals for the new S token.

Binance has opened spot trading for S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC, and S/USDT starting from 16:00 on January 16, 2025 (UTC+8).

The tokens have been distributed at a 1:1 ratio, where 1 old FTM equals 1 new S. Users can deposit the old FTM (BEP20) tokens and use Binance's swap service to exchange them for the new S token at a 1:1 ratio. Binance will no longer support deposits for old FTM (ERC20) and FTM (Fantom) mainnet tokens, and withdrawals for old FTM tokens.