Coinbase Halts IOTX Trading Due to Low Volume Concerns

Coinbase has announced that it will suspend all trading of IOTX, the native token of the IoTeX network, on September 23 at 2:00 p.m. UTC. The decision affects both Coinbase Exchange and Coinbase Pro.

The exchange's routine monitoring of digital assets against its listing standards led to this move. Coinbase typically removes tokens that fail to meet its evaluation criteria, including trading volume, liquidity, project team activity, and compliance with legal and regulatory standards.

IOTX is a utility token for IoTeX, a blockchain platform focused on the Internet of Things (IoT). The project has been operational since 2017 and has a dedicated community. However, its trading volume on Coinbase has been relatively low compared to other listed assets.