Coinbase to Facilitate MKR to SKY Token Migration in January 2026

2025-12-10 23:15

Coinbase has announced its support for the MKR to SKY token migration, scheduled from January 12 to 14, 2026. The migration will be automatic for users holding MKR tokens in their Coinbase wallets during this period. This transition is part of a strategic upgrade by the project to the new SKY token. During the migration, trading, deposits, and withdrawals of MKR will be suspended, with no fees expected for the swap. The exchange rate will be determined by the project developers, and Coinbase will adhere to the official ratio. Users are advised to ensure their MKR tokens are in their Coinbase wallets before the migration and to follow only verified communications from Coinbase to avoid scams.

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