Cryptocurrency exchange Binance has completed the token swap transitioning BinaryX (BNX) to its rebranded identity as Four (FORM), the company announced. The conversion was executed at a 1:1 ratio, with all eligible BNX tokens converted to an equal number of FORM tokens.

Deposits for the newly created FORM tokens are now operational on the platform. Withdrawals will become available at 09:00 UTC on March 19, 2025, according to the announcement.

Spot trading for FORM opened against multiple trading pairs including FORM/USDC, FORM/USDT and FORM/TRY at 08:00 UTC on March 19, 2025. Users operating Spot Copy Trading portfolios can incorporate the new pairs by activating them through the Personal Pair Preference section within their trading settings.

"Users may view their token distribution history and obtain their assigned FORM token deposit addresses through their account dashboard," Binance noted in its announcement. The platform emphasized that deposits and withdrawals of the former BNX tokens will no longer be supported following the completion of the swap.

Initial market response to the rebranded token has been notably positive. FORM/USDT trading data shows a 12.20% price surge in early trading, with the token breaking through key liquidity levels.

Technical analysts tracking the newly launched token have identified a bullish momentum pattern forming in the charts. Market data suggests a break of structure confirmation signaling buyer control of the current price action.

Trading recommendations circulating among market participants suggest entry points between $2.05 and $2.09, with recommended stop-loss positions at $1.95. Bullish projections identify potential take-profit targets at $2.20 or higher, representing a risk-reward ratio exceeding 1:3 for speculative positions.

Binance cautioned users about potential discrepancies between the English version of the announcement and any translated versions. "Please refer to the original English version for the most accurate information, in case any discrepancies arise," the exchange stated.

The token swap represents another significant rebranding within the rapidly evolving cryptocurrency ecosystem. Analysts will be monitoring trading volumes and price action closely as the market adjusts to the new token identity.