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

Update as of 16 September 2025:

Please be informed that the Maker (MKR) token swap and rebranding to Sky (SKY) has been completed for Crypto.com users.

Existing MKR tokens have been converted to SKY tokens in a 1:24,000 ratio according to the MKR balances in eligible users’ Crypto Wallet in the Crypto.com App and Spot Wallet on the Crypto.com Exchange at the time of delisting. 

You can now trade, deposit, and withdraw SKY in the App and on the Exchange. 

Crypto.com is supporting the Maker (MKR) token swap and rebranding to Sky (SKY). Trading, deposits, and withdrawals of MKR in the Crypto.com App and Crypto.com Exchange will remain available until 15 September 2025 (‘Effective Date’), 01:00 UTC and 02:00 UTC, respectively, after which they will be permanently suspended.

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

Crypto.com App

Trading, Deposits and Withdrawals

Trading, deposits and withdrawals of ETH-based MKR will be paused. 

Limit Orders, TWAP Orders and Recurring Buy

MKR Limit orders, TWAP Orders and Recurring Buy orders will be automatically terminated.

Crypto Basket

MKR trading via Crypto Basket (including RWA) will no longer be available after the Effective Date. 

Pay

Crypto.com Pay will no longer support MKR as a payment currency. 

Card Top-Up

MKR will no longer be available for Card Top-Ups after 15 September 2025, 01:00 UTC. MKR as an Auto Top-Up method will also be disabled.

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.

If you have questions or concerns, kindly contact us at chat.crypto.com.