A recent announcement from the cryptocurrency exchange Binance revealed the completion of the Stratis (STRAX) token swap and revaluation process. As a result, new STRAX tokens are now available for deposits and withdrawals.

The exchange introduced various services for the new Stratis (STRAX) tokens, including spot trading pairs such as STRAX/BTC, STRAX/USDT, and STRAX/TRY, which commenced trading at 11:00 AM Turkey time. Moreover, STRAX has been included in Binance Simple Earn for users to subscribe to Flexible Products.

Further changes included Binance adding STRAX as a new borrowable asset to Cross and Isolated Margin, and the STRAX/USDT pair to margin trading at 4:00 PM Turkey time. Additionally, STRAX will be available as a new borrowable asset for Binance Loans (Flexible Rate) on March 29, 2024.

The conversion rate for the token swap was 1 old STRAX = 10 new STRAX, marking the end of support for old STRAX tokens. Following these updates, the price of Strax is currently at $0.16.

The original source of this information is COINTURK NEWS: Binance Completes Stratis Token Swap and Revaluation.