Coinbase initiated a scheduled internal asset migration process, converting MKR tokens to SKY tokens, an administrative update that confirms continuous operational development on the platform.
- The migration process, which was announced on January 8, began on January 12, 2026, and is scheduled to conclude on January 14.
- This move supports CEO Brian Armstrong's 2026 goal of expanding the platform into an 'everything exchange' through various new asset classes and infrastructure developments.