**Binance Finalizes ApeCoin Contract Swap on BNB Smart Chain**
Binance has successfully completed a contract swap for ApeCoin (APE) on the BNB Smart Chain, enabling users to exchange old APE tokens for new ones at a 1:1 ratio. This significant update, effective November 3, 2025, aims to enhance security and operational efficiency in managing ApeCoin transactions—all without interrupting trading services.
**Seamless Migration Process**
The contract swap process began in late October 2025 and was executed seamlessly. Users can now convert their original APE tokens, which have been renamed **APEOLD**, for new APE tokens on a one-to-one basis. Notably, withdrawals of APEOLD are no longer supported as the token is being fully phased out in favor of the new version.
With this transition, ApeCoin’s operational chain has officially moved to the BNB Smart Chain. This migration leverages the BNB Smart Chain’s enhanced security measures and streamlined smart contract functionality. Importantly, the swap was handled automatically by Binance, reinforcing the platform’s commitment to efficient, user-focused service.
**Expanded Cross-Chain Liquidity and Utility**
The upgrade also introduces improved cross-chain liquidity options for ApeCoin, thanks to the enhanced capabilities of the new APE smart contract on the BNB Smart Chain. This development is expected to increase the overall utility of APE as a BEP-20 token, potentially benefiting users with more robust trading and transfer opportunities.
Binance emphasized in their official announcement:
> “Withdrawing availability of new APE tokens will be announced separately after the contract swap is completed. The original APE token will be renamed APEOLD, and withdrawals of APEOLD will no longer be supported. Trading services remain unaffected.”
**Market Reception and Industry Context**
Market participants have largely responded positively to the migration, appreciating Binance’s consistent history of smooth token transitions. The procedural nature of this upgrade meant there was limited commentary from major industry figures, underscoring how routine such infrastructural improvements have become.
According to Coincu, this migration aligns with broader trends aimed at enhancing cryptocurrency infrastructure efficiency across exchanges. Such contract swaps and chain migrations are comparable to Ethereum’s prior protocol upgrades, demonstrating a longstanding industry practice focused on security enhancement and functional improvements.
**ApeCoin Market Snapshot**
As of the latest data from CoinMarketCap:
– ApeCoin (APE) is trading at approximately $0.40
– Market capitalization stands near $303,998,715
– Market dominance is about 0.01%
– The 24-hour trading volume is close to $20,904,343
Despite the recent upgrades, ApeCoin has experienced a price decline, dropping nearly 29.92% over the past 90 days.
—
This contract swap marks a key milestone for ApeCoin as it integrates more deeply with Binance’s BNB Smart Chain ecosystem, positioning the token for enhanced security, efficiency, and broader DeFi utility in the future.
https://bitcoinethereumnews.com/tech/binance-completes-apecoin-contract-swap-on-bnb-smart-chain/?utm_source=rss&utm_medium=rss&utm_campaign=binance-completes-apecoin-contract-swap-on-bnb-smart-chain