Dear CoinEx users,
According to the project's announcement, CoinEx will support MKR (Maker) token swap and rename to SKY (Sky) at a 1:24,000 (1 MKR = 24,000 SKY) ratio. To ensure your asset security, the deposit, withdrawal, and trading services of MKR will be suspended for a designated period. The details are as follows:
The delisting arrangement for MKR:
1. Deposits and Withdrawals
- The deposit and withdrawal services of MKR will be terminated at 03:00 on Sep 15, 2025 (UTC).
- MKR will NOT be credited to your account if you deposit after the suspended period, so please confirm again before depositing.
- For more information, please refer to MakerDAO is now Sky
2. Futures Trading
- CoinEx will delist MKRUSDT linear contract at 03:00 on Sep 15, 2025 (UTC).
- The settlement price is: 1809.92 USDT
- After delisting, all submitted orders in the above markets will be canceled.
- For users holding positions of the above Linear Contracts, please close your positions in advance, or they will be automatically liquidated at 03:00 on Sep 15, 2025 (UTC).
- For details about Futures Trading, please click HERE.
3. Margin Trading
- The crypto loan service of MKR/USDT margin trading pair will be suspended on Sep 8, 2025 (UTC).
- CoinEx will delist MKR/USDT margin trading pair at 03:00 on Sep 15, 2025 (UTC).
- After delisting, submitted orders would be canceled, and the returned asset would be transferred from Margin Account to Spot Account.
- Users holding positions of the above margin trading pairs should close them in advance. If not, CoinEx will close them automatically at 03:00 Sep 15, 2025 (UTC), regardless of whether the Crypto Loan expires or not.
- For details about Margin Trading, please click HERE.
4. Loans
- The collateral service of MKR will be suspended at 03:00 on Sep 15, 2025 (UTC).
- Please repay the borrowed assets and close the position as soon as possible. If your position is not closed in time, CoinEx will freeze the collateral assets at 03:00 Sep 15, 2025 (UTC). These assets will be unfrozen only after the swap and the new SKY token listing.
- For details about Loans, please click HERE.
5. Spot Trading
- MKR/USDT, and MKR/BTC trading pairs including spot grid and auto-invest plan, will be delisted and ALL orders in this market will be canceled at 06:00 on Sep 15, 2025 (UTC).
- During the suspended period, all unexecuted MKR orders will be systematically closed, and related assets will be returned to your spot account.
- If there are any ongoing trading strategies, please make adjustments in advance. Otherwise, the trades will be terminated automatically at 06:00 on Sep 15, 2025 (UTC).
The support arrangement for SKY:
The listing time for the related services of the SKY (Sky) token will be announced separately after passing the listing review. Please stay tuned for the latest announcements.
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the right of final interpretation of this announcement.
CoinEx Team
July 28, 2025