Coinbase will support the migration of MKR to SKY, and will suspend related services starting January 12.

From January 12th to 14th, 2026, Maker tokens will be available for migration from MKR to SKY at a conversion rate of 1 MKR : 23,520 SKY. During this period, MKR trading and transfers will be suspended. Users who do not wish to automatically convert must withdraw their MKR to their self-custodied wallets before January 12th.