Coinbase to Migrate Maker (MKR) to SKY at Fixed Conversion Ratio

The crypto exchange will pause MKR trading and transfers from January 12–14, 2026 to complete the migration to SKY tokens at a 1:23,520 rate.

SKY

Summary

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Terms & Concepts
  • Token migration: The process of converting one cryptocurrency into another, often due to protocol changes or upgrades.
  • Self-custody wallet: A crypto wallet controlled entirely by the user, without reliance on a third-party custodian.
  • Conversion ratio: A fixed rate used to exchange one token for another during migration or swap events.