Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Read more

Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Warning: The value of your virtual currencies can rise or fall sharply, and your initial investment may be lost completely; virtual currencies are not covered by the guarantee funds that cover bank deposits; there is no legal mechanism on the virtual currencies market to prevent market manipulation or insider dealing; virtual currencies depend entirely on a specific computer technology and infrastructure, which in certain cases may be very recent and not yet adequately tested; if one loses the identification code or password giving access to the virtual wallet in which the virtual currency is stored, the currency held therein will be irretrievably lost; virtual currencies are currently accepted as a means of payment to a limited extent, and in most countries there is no legal obligation to accept them; for more information about the risks associated with an investment in virtual currencies, we advise you to read the Wikifin page What is a cryptocurrency? | Wikifin.

MakerDAO (MKR) to Sky Protocol (SKY) Migration & Delisting

Last updated: 29 жніўня 2025 г.

Overview

Kraken will be migrating MakerDAO (MKR) to Sky Protocol (SKY) as part of a network-wide upgrade. All MKR balances will be automatically converted to SKY. After the migration, MKR will be delisted from Kraken.

Key Points

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September 1, 2025 at 14 UTC: MKR trading and funding paused
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Conversion rate: 1 MKR = 24,000 SKY
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September 5, 2025: SKY credited to accounts and trading/funding resumes

What this means for you

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You don’t need to take any action. Your MKR balance will automatically be converted to SKY at the rate of 1 MKR : 24,000 SKY.
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MKR trading and funding will be paused starting September 1 at 14 UTC.
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Once migration is complete, SKY balances will appear in your account and trading/funding will resume by the end of day September 5.
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After migration, MKR will be delisted from Kraken.

MakerDAO (MKR) to Sky Protocol (SKY) Migration & Delisting

Overview

Key Points

What this means for you

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