OKX TR to support MKR crypto migration

Published on Aug 29, 20253 min read

According to the official plan of MakerDAO, OKX TR will support the MKR crypto migration to SKY at a 1:24000 ratio as per the following schedule:

  • All pending orders for MKR crypto will be canceled and the MKR spot trading pairs MKR/USDT, MKR/USDC, and MKR/USD will be suspended between 2:00 am and 3:00 am UTC on Sept 8, 2025. All other trading services (such as Copy trading, and Trading bots) will also be suspended.

  • MKR transfers, deposits, and withdrawals will be suspended at 4:00 am UTC on Sept 8, 2025.

  • An account snapshot will take place at 5:00 am UTC on Sept 8, 2025. The snapshot will take place in both OKX TR funding and trading accounts.

  • The subsequent crypto migration will take place between 5:00 am UTC on Sept 8, 2025, and 10:00 am UTC on Sept 10, 2025.

  • New crypto SKY deposits, withdrawals, and spot trading will open after the crypto migration. The conclusion of the migration as well as the specific opening times for these services will be announced separately.


    Please note:

  • At the time of the snapshot, all the MKR crypto that are being withdrawn or not deposited successfully will not be included in the migration.

  • Holdings under 0.0001 MKR (open orders excluded) will not be included in the migration.

  • During the token migration period, your MKR valuation will be unavailable. Once the migration is complete, all eligible MKR will be converted to SKY, and MKR will no longer be shown in your asset list.

  • Please note that OKX TR will strive to complete the crypto migration within the specified time frame. However, due to the need for coordination with the project team and other parties, there may be delays in the crypto migration process.

  • Token migration will not be processed for users with KYC level lower than Lv.2 . Please upgrade your KYC level to process token migrations.



Risk warning:
The foregoing overview and information, some of which may be provided by third parties and not OKX TR, are for informational and educational purposes only. OKX TR does not guarantee the accuracy or completeness of any information contained herein and such information does not constitute any representation, warranty or any financial, investment or other form of advice by OKX TR. Such information may not be suitable for all persons; it should not be relied upon in connection with a particular investor's trading; and, is not intended to be, nor should be construed as, an offer, recommendation or solicitation. Such information is also not intended for persons who reside in jurisdictions where providing such information would violate the laws or regulations of such jurisdiction. Digital assets are highly speculative and subject to high volatility, may become illiquid at any time, and that investors may lose the entire value of their investment. Before trading any digital asset, you should do your own research and evaluate your risk appetite. OKX TR is not responsible for any losses which you may incur from trading digital assets. Please refer to Terms of Service and Risk & Compliance Disclosure for more information.

For any inquiries, please feel free to contact us via the support center or connect with us on any platform of your choice.


OKX team
August 29, 2025