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Binance has recently announced that it will be delisting all trading pairs of Maker (MKR), a popular cryptocurrency. The move comes in light of MakerDAO’s decision to carry out a token swap, redenomination and rebranding of MKR to a new token called Sky (SKY).
According to the exchange’s official statement, Binance will remove the existing spot trading pairs, including MKR/BTC, MKR/TRY, MKR/USDC, and MKR/USDT. The delisting action is scheduled for September 15th at 3:00 a.m. UTC.
Additionally, on the same date and time, the exchange will cancel all pending orders related to MKR spot trading. As of September 17th at 8:00 a.m. UTC, Binance will start offering trading in new pairs featuring SKY/BTC, SKY/TRY, SKY/USDT and SKY/USDC.
The deadline for deposits and withdrawals of MKR tokens has been set for September 15th at 3:30 a.m. (UTC), with users advised to ensure they complete any necessary transactions before this time.
It’s worth noting that Binance will also be removing the MKR contract from its margin system on September 8th, and starting new margin trading pairs SKY/BTC, SKY/USDT, SKY/TRY, and SKY/USDC.
Source: u.today
