Coinbase Officially Disables Trading for IoTeX (IOTX)

Key Facts

1Coinbase, the leading U.S. cryptocurrency exchange, has disabled trading for the IoTeX (IOTX) token.

In a move reflecting the rigorous listing standards maintained by major exchanges, Coinbase has officially disabled trading for the IoTeX (IOTX) token. According to reports, the suspension affects Simple and Advanced Trade, as well as Coinbase Exchange and Coinbase Prime services. The exchange clarified that while trading is halted, user funds remain accessible and can be withdrawn at any time.

This decision comes amid significant downward pressure on the asset, which has seen its market value decline by approximately 85% over the past year. Regarding the exchange's equity performance, Coinbase Global (COIN) shares closed at $201.07 on September 22, 2026, with a daily range between $197.2 and $203 per market data. The delisting highlights the ongoing volatility and regulatory scrutiny within the decentralized physical infrastructure (DePIN) sector.

Traders should monitor IOTX liquidity levels following its removal from a primary U.S. liquidity gateway, noting that the IoTeX Foundation is providing a 1:1 conversion route for legacy token holders. While the immediate crypto calendar is light, broader market sentiment may be influenced by U.S. Industrial Production data scheduled for release later today, September 23, 2026, which could impact overall risk appetite.