PANews reported on January 16 that according to the official announcement, Binance has completed the Fantom (FTM) token swap and brand upgrade to Sonic (S), and opened the recharge and withdrawal services of the new S token. Binance has opened S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC and S/USDT spot trading at 16:00 on January 16, 2025 (Eastern Time Zone 8).

The tokens have been distributed at a ratio of 1 old FTM = 1 new S. Users can deposit old FTM (BEP20) tokens and exchange them for new S tokens at a 1:1 ratio through Binance Flash Exchange. Binance will no longer support deposits of old FTM (ERC20) and FTM (Fantom) mainnet tokens, and will no longer support withdrawals of old FTM tokens.