Coinbase Haults IoTeX Trading Amid Asset Review

Coinbase has suspended trading for IoTeX (IOTX) across its US platforms. The suspension, which took effect at 2 p.m. ET on September 23, affects buying and selling on Coinbase.com, Coinbase Exchange, and Coinbase Prime.

The decision to halt trading came after Coinbase reviewed the supported assets against its listing standards. During this time, IOTX order books entered limit-only mode, allowing customers to place or cancel limit orders while matches could still occur.

Customer holdings remain unaffected and are accessible for withdrawal at any time. The suspension only affects market activity on Coinbase and does not automatically convert or seize users' assets.