Coinbase to Halt IOTX Trading on September 23

Coinbase, one of the largest cryptocurrency exchanges in the United States, 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.

This decision affects both Coinbase Exchange and Coinbase Pro and follows the exchange's routine monitoring of digital assets against its listing standards.

Coinbase did not provide a specific reason for the delisting in its initial announcement, but it typically removes tokens that fail to meet its evaluation criteria, including trading volume, liquidity, project team activity, and compliance with legal and regulatory standards.