Crypto.com Is Supporting the Maker (MKR) Token Swap and Rebranding to Sky (SKY)

Please be informed that Crypto.com is supporting the Maker (MKR) token swap and rebranding to Sky (SKY). Trading, deposits, and withdrawals of MKR on the Crypto.com Exchange will remain available until 15 September 2025 (‘Effective Date’), 02:00 UTC, after which they will be permanently suspended.

Existing MKR tokens will be converted to SKY tokens at a later date, at a 1:24,000 ratio according to the MKR balance in eligible users’ Spot Wallet on the Crypto.com Exchange at the time of the delisting. The following changes will also take place:

Crypto.com Exchange

Deposits and Withdrawals

Deposits and withdrawals of ETH-based MKR will be paused.

Spot Trading and Trading Bots

Open MKR Spot orders will be closed, and active trading bots will be automatically terminated after the Effective Date. Users are advised to settle all negative MKR balances, and any open positions will be closed by the Effective Date.

Perpetual Contract

The MKRUSD-PERP Perpetual contract will be delisted from the Crypto.com Exchange on 12 September 2025, 08:00 UTC. Kindly take the necessary steps to close your position(s) for the contract above before it is delisted.

Any open positions after the aforementioned date and time will be automatically settled* against the TWAP.

*Note: Taker fees will be charged for any automatic settlements

Over-the-Counter (OTC) Trading Suite

Open orders on the OTC Portal will be automatically terminated after the Effective Date.

Soft Lockup

After 15 September, users will not receive any soft staking rewards for MKR.

A separate announcement will be made when the token migration is complete and when SKY trading, deposits, and withdrawals are enabled.

Please refer to status.crypto.com for all the latest updates.