Maker Token to Be Phased Out on Coinbase
In a recent announcement, Coinbase revealed significant changes to its support for Maker (MKR). Starting January 12, 2026, the platform will cease all MKR trading activities across both web and mobile interfaces. This marks a pivotal shift in how MKR is handled within one of the world’s leading crypto ecosystems.
Conversion Process and Timeline
From January 12 to 14, 2026, deposit and withdrawal functions for MKR will be temporarily suspended. Any remaining MKR balances on the platform will be automatically converted to SKY at a fixed exchange rate of 1 MKR = 23,520 SKY. The conversion will occur without user input.
What Should Users Do?
Users who prefer not to have their MKR swapped must transfer their holdings to a compatible self-custody wallet before the deadline. This ensures full control over their assets and prevents unintended conversions due to protocol updates.
- Check your account for any MKR balance
- Verify wallet compatibility with MKR
- Complete the transfer before January 12, 2026
- Keep transaction records for future reference
This transition reflects broader network evolution rather than a market-driven decision. SKY is designed to enhance governance scalability and network performance. Understanding the technical rationale behind the shift can help investors make informed choices about their digital asset strategies.