Binance Completes Maker to Sky Token Swap and Rebranding

The exchange has finalized the MKR to SKY conversion and opened deposits, withdrawals, and spot copy trading for the new token.

MKR
SKY

Summary

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Terms & Concepts
  • Token Swap: A process where a cryptocurrency is exchanged for another, often during rebranding or network migration.
  • Spot Copy Trading: A trading feature allowing users to replicate the spot market trades of selected traders in real time.
  • Rebranding: Changing the name, symbol, or image of a cryptocurrency to reflect strategic changes or project evolution.