Binance has formally introduced its help for the upcoming token swap, redenomination, and rebranding of Maker (MKR) to a brand new token named Sky (SKY).
As a part of the transition, MKR holders will obtain SKY tokens at a conversion ratio of 1 MKR = 24,000 SKY. The rebranded SKY token will start buying and selling on Binance on September 17, 2025, with new buying and selling pairs together with SKY/BTC, SKY/TRY, SKY/USDC, and SKY/USDT.
All MKR spot buying and selling pairs shall be delisted on September 15, 2025, at 03:00 UTC, and deposits/withdrawals of MKR shall be disabled at 03:30 UTC on the identical day. Customers should guarantee all MKR deposits are accomplished earlier than this time, as any late deposits shall be rejected.
Moreover, Binance clarified that the ticker SKY was beforehand utilized by Skycoin, which was delisted in 2021. To keep away from confusion, current Skycoin (SKY) tokens shall be renamed SKYCOIN, with a 1:1 swap happening from July 21 to July 25, 2025.
Binance will deal with all technical facets of the swaps for customers and can notify the group as soon as SKY withdrawals are enabled. Customers are inspired to verify the challenge workforce’s bulletins for additional particulars.
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