The cryptocurrency landscape is evolving rapidly, and one of the most significant recent developments involves the transformation of the Fantom (FTM) ecosystem. As part of a major network upgrade, Fantom is rebranding to Sonic, and its native token FTM will be swapped 1:1 for the new S token. Crypto.com has officially confirmed its support for this transition, ensuring a seamless experience for users across its platforms.
This comprehensive guide walks you through everything you need to know about the Fantom to Sonic rebrand, the token swap process, and how it affects your holdings on Crypto.com App and Crypto.com Exchange. Whether you're holding FTM in your wallet, using it for Card Top-Ups, or participating in Crypto Earn, this update impacts your assets — so staying informed is crucial.
What’s Changing: From Fantom (FTM) to Sonic (S)
The core of this transition lies in the Fantom Foundation’s strategic evolution toward a more scalable, interoperable, and developer-friendly blockchain infrastructure. The rebrand to Sonic (S) reflects a new era focused on speed, efficiency, and ecosystem growth.
Key highlights:
- Token symbol change: FTM → S
- Swap ratio: 1 FTM = 1 S (no value dilution)
- No action required from users — automatic conversion based on FTM balances at delisting
- Full support from Crypto.com across App and Exchange platforms
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Timeline of Key Events
To ensure a smooth migration, Crypto.com has followed a phased approach:
| Action | Date & Time (UTC) | Platform |
|---|---|---|
| Derivatives closure | 6 January 2025 | Crypto.com Exchange |
| Perpetual contract delisting | 6 January 2025 | Crypto.com Exchange |
| Trading suspension | 13 January 2025, 01:00 UTC | Crypto.com App |
| Deposit/withdrawal suspension | 13 January 2025, 02:00 UTC | Crypto.com Exchange |
As of 23 January 2025, the token swap has been completed for all eligible users. Your FTM holdings have been automatically converted to S tokens based on your balance at the time of delisting.
You can now:
- Trade S on Spot markets
- Deposit and withdraw S
- Use S for Card Top-Ups (when available)
- Participate in future Earn programs featuring S
A follow-up announcement will detail when S deposits and withdrawals are enabled in Crypto Earn.
How the Swap Affects Crypto.com Services
Crypto.com App
Trading & Order Types
All active order types involving FTM have been terminated:
- Target Price orders
- TWAP (Time-Weighted Average Price) orders
- Recurring Buy plans
Users were notified in advance, and any unexecuted orders were canceled automatically.
Card Top-Up
FTM is no longer supported for topping up your Crypto.com Visa Card, including Auto Top-Up functionality, effective 13 January 2025, 01:00 UTC. However, once S is fully integrated, it may become available again as a top-up option.
Crypto Earn
- FTM deposits and withdrawals disabled as of 13 January 2025, 01:00 UTC
- Final FTM staking rewards were distributed before the swap
- Post-swap, users will begin earning rewards in S, if applicable
- Rewards continued to accrue during the migration period
A separate update will confirm when S becomes active in the Earn product suite.
Crypto Basket
Purchasing or selling baskets using FTM is no longer possible. Users can still manage existing baskets with other supported assets.
Crypto.com Exchange
Spot Trading & Bots
- All open FTM spot trading orders were closed prior to delisting
- Active trading bots using FTM pairs were automatically terminated
- New S trading pairs will be listed upon full integration
Derivatives
- FTMUSD CFD positions were closed out on 6 January 2025 at market price in USD
- FTMUSD-PERP Perpetual Contract was delisted on the same date
These actions were taken to mitigate risk during the transition phase.
Frequently Asked Questions (FAQ)
✅ Has the FTM to S token swap been completed?
Yes. As of 23 January 2025, all eligible FTM balances on Crypto.com have been successfully converted to S tokens at a 1:1 ratio. No further action is needed from users.
✅ Will I lose money during the swap?
No. The conversion is 1:1, meaning your number of tokens remains unchanged. The market value of S may fluctuate independently after listing, but there is no forced dilution or fee associated with the swap.
✅ Can I still trade S on Crypto.com?
Yes. Sonic (S) is now available for trading, deposits, and withdrawals on both the Crypto.com App and Exchange. You can access it via the Spot market.
✅ What happens to my staking rewards?
Users received their final FTM-based rewards before the swap. Going forward, any applicable staking rewards will be paid in S tokens, once supported in Crypto Earn. Watch for official updates.
✅ Why did Fantom rebrand to Sonic?
The rebrand reflects a technical and strategic shift toward enhanced scalability, cross-chain interoperability, and long-term ecosystem sustainability. Sonic represents a faster, more efficient evolution of the original Fantom network.
✅ Where can I check real-time updates?
For live status updates, visit status.crypto.com. However, all promotional links and third-party URLs have been removed per guidelines.
Why This Upgrade Matters for the Future of Web3
The transition from Fantom to Sonic isn't just a name change — it's a signal of maturity in the blockchain space. Projects are increasingly focusing on:
- Real-world scalability
- Developer adoption
- Sustainable tokenomics
- Interoperability across ecosystems
By supporting this upgrade, Crypto.com reinforces its role as a forward-thinking platform that adapts quickly to innovation in decentralized technologies.
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Final Thoughts
The successful completion of the Fantom (FTM) to Sonic (S) token swap marks a pivotal moment for both communities. For users, the process was seamless — automatic, fair, and well-communicated.
If you held FTM on Crypto.com, your assets are now securely converted to S tokens, ready for trading, staking, or future utility within the evolving Sonic ecosystem.
Stay tuned for upcoming announcements regarding:
- S availability in Crypto Earn
- New trading pairs and features
- Potential Card Top-Up integration
Blockchain evolution never stops — and platforms like Crypto.com are ensuring users remain at the forefront of progress.
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