CEX.IO will soon support the migration of Maker (MKR) to Sky (SKY), following the Sky Protocol community’s decision to adopt SKY as the sole governance token of the ecosystem.
Why the migration is happening
The Sky Protocol governance vote introduced SKY as the single governance token for the ecosystem, replacing MKR. This change streamlines governance and ensures long-term sustainability for the protocol.
Your holdings will be automatically converted to SKY at a fixed rate, and your ability to participate in Sky Protocol governance will remain uninterrupted.
Migration timeline (Updated on September 8, 2025)
Aug 14, 2025 | Initial migration announcement sent to MKR holders. |
Sep 9, 2025 | MKR trading will switch to cancel-only mode. You will be able to cancel existing orders but not place new ones. |
Sep 9, 2025 | End-of-day: All MKR trade orders will be canceled; MKR deposits, withdrawals, buying, selling, and conversions suspended. All MKR must remain in your main balance. |
Sep 15, 2025 | Balance snapshot will be taken; SKY will be listed on CEX.IO under a new contract; MKR will be delisted; balances updated at 1 MKR = 24,000 SKY. |
Sep 17, 2025 | Migration to SKY will be completed via Migration Portal. |
Sep 17, 2025 | SKY wallets and trading fully will be enabled (deposits, withdrawals, buying, selling, spot and margin trading). |
Exchange rate
Your MKR balance will be converted to SKY at a fixed rate: 1 MKR = 24,000 SKY
What you need to do
Keep your MKR in your CEX.IO account before the end of the day September 9, 2025, to be included in the migration.
Ensure there are no active transactions with MKR after the suspension starts.
No manual action is needed — the migration will be handled automatically by CEX.IO.
After the migration
Your MKR will be replaced with SKY at the fixed rate.
SKY will be fully supported for deposits, withdrawals, buying, selling, and trading.
Security and tokenomics
The migration will not affect the value of your holdings. Tokenomics remain unchanged, and your funds will remain safe throughout the process.
The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.
The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility.