Dear Bitunix users,
Bitunix will support the MakerDAO (MKR) token swap and rebranding to Sky (SKY). For more information about the rebranding, please refer to the official announcement.
Deposit and Withdrawal
Deposits and withdrawals of MKR tokens will be suspended at 08:00 on August 22, 2025 (UTC). After this time, deposits and withdrawals of the old MKR tokens will no longer be supported.
Deposits for SKY tokens will open at 08:00 on August 25, 2025 (UTC).
Token Swap and Redenomination
All MKR tokens will be swapped for new SKY tokens at a ratio of 1:24,000 (1 MKR = 24,000 SKY).
New SKY token contract address: https://etherscan.io/address/0x56072c95faa701256059aa122697b133aded9279
Spot Trading
Bitunix will delist the MKR/USDT pair from spot trading at 08:00 on August 22, 2025 (UTC).
If users have any open orders for MKR/USDT before the delisting time, those orders will be cancelled automatically.
Spot trading for the SKY/USDT pair will begin at 08:00 on August 25, 2025 (UTC).
Convert
Bitunix Convert will disable the conversion function for the above-mentioned tokens on August 22, 2025, at 08:00 (UTC).
At the same time, the small balance conversion to USDT for these tokens will also be removed. We recommend that users convert their small balances in advance.
Futures Trading
Bitunix Futures will automatically settle and delist the following USDT-margined perpetual futures trading pairs on August 22, 2025, at 08:00 (UTC): MKR/USDT
If users still hold positions in these USDT-margined perpetual futures at the time of settlement, the system will automatically settle and close the positions. Users are advised to close their positions in advance and avoid opening new positions to prevent unnecessary risks.
In order to protect users and reduce potential risks in extremely volatile market conditions, Bitunix may undertake additional protective measures toward the trading pairs without further notice. These actions may include, but are not limited to:
- Adjusting risk limit tiers
- Changing the maximum leverage value
- Modifying position value and maintenance margin rate
- Updating funding rates, such as the interest rate and funding rate
- Using the Last Price Protected mechanism to update the Mark Price
We apologize for any inconvenience caused by these changes. If you experience any issues during the transition, please contact us via live chat or email at support@bitunix.com.
Regards,
The Bitunix Team
August 11, 2025
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*Risk Warning:
The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. Bitunix attempts to screen all projects before they come to market. However, even with the best due diligence, there are still possible risks when investing. Bitunix is not liable for investment gains or losses.