Binance Completes Fantom (FTM) Token Swap, Launches New Sonic (S) Token with Trading Pairs

On January 16, COINOTAG News reported that Binance successfully executed the Fantom (FTM) token swap, rebranding it to Sonic (S). This significant transition allows for the commencement of deposits and withdrawals associated with the newly minted S token. As of 16:00 (UTC+8) on January 16, 2025, Binance has launched spot trading pairs including S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC, and S/USDT. The migration process enables holders to convert their existing FTM tokens to S tokens at a 1:1 ratio. However, it’s critical to note that Binance will cease support for deposits of the legacy FTM (ERC20) and FTM (Fantom) mainnet tokens, as well as withdrawals of any old FTM tokens.