Binance.US will support the Maker (MKR) token swap and perform the token migration on behalf of our customers. As part of this process, MKR tokens will be rebranded to Sky (SKY) and issued at a ratio of 1 MKR to 24,000 SKY.
Important updates for MKR token holders
September 14, 2025 at 7 p.m. PDT / 10 p.m. EDT:
Buy & Sell, Convert, and OTC for MKR will be suspended.
September 14, 2025 at 8 p.m. PDT / 11 p.m. EDT:
Deposits & withdrawals for MKR will be permanently closed.
Deposits for MKR made or in progress after this time will NOT be credited to your account. You will lose any deposits made after September 14, 2025 at 8 p.m. PDT / 11 p.m. EDT. For more information, please refer to the project team’s delayed penalty upgrade.
Trading for MKR will be suspended and the MKR/USDT trading pair will be removed. All Advanced Trading orders will be automatically canceled once trading ceases on the MKR/USDT pair.
After the migration is completed:
MKR deposits & withdrawals, as well as Buy & Sell, Convert, Trading, and OTC will remain permanently closed.
We will update this announcement once SKY deposits & withdrawals, as well as Buy & Sell, Convert, Trading on the SKY/USDT pair, and OTC are opened. Please note details and timing are subject to change.
Please do NOT deposit SKY to Binance.US until deposits are officially opened and this announcement is updated. Deposits for SKY (not yet supported) will only be available on the Ethereum network after the migration.
We will migrate all MKR at a ratio of 1 MKR to 24,000 SKY, handle all technical requirements, and issue SKY to MKR holders at the rate above.
For more information regarding the MKR migration, please refer to the project team’s announcement.