Major crypto exchange Binance has announced that it will be delisting all spot trading pairs of Maker (MKR) as part of a major transition involving the token. The move comes in light of MakerDAO’s decision to carry out a token swap, redenomination and rebranding of MKR to a new token: Sky (SKY).
According to Binance’s official statement, the exact trading pairs being removed are MKR/BTC, MKR/TRY, MKR/USDC and MKR/USDT.
Binance went ahead to provide the dates expected for the delisting action. On Sept. 15, 2025, at 3:00 a.m. (UTC), Binance will remove all existing MKR spot trading pairs (i.e., MKR/BTC, MKR/TRY, MKR/USDC and MKR/USDT) and cancel all pending MKR spot trading orders.
On Sept. 17, at 8:00 a.m. (UTC), Binance will open trading for the SKY/BTC, SKY/TRY, SKY/USDC and SKY/USDT trading pairs.
On Sept. 15 at 3:30 a.m. (UTC), deposits and withdrawals of MKR tokens will be suspended. Users should ensure they leave sufficient time for their MKR token deposits to be fully processed before this time.
Deposits for SKY tokens will open on Sept. 17 at 7:00 a.m. (UTC). On Sept. 8, 2025, at 10:00 a.m. (UTC), Binance Margin will remove MKR from Cross and Isolated Margin. The MKR/BTC, MKR/USDC and MKR/USDT Cross Margin pairs, and MKR/BTC and MKR/USDT Isolated Margin pairs, will be removed from the margin.
Starting from Sept. 8 at 8:30 a.m. (UTC), users are not allowed to open new positions for the MKR contract.
On Sept. 8 at 9:00 a.m. (UTC), Binance Futures will close all positions and conduct an automatic settlement, after which MKR contracts will be removed. Users are urged to close any open positions prior to the settlement time to avoid automatic settlement.
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