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Binance to Remove ICON, Secret and Storj from Spot Markets on September 3

20 August, 2026   /   News   /  AI   /   Tags:  storj, scrt, icx, margin, binance

Binance to Remove ICON, Secret and Storj from Spot Markets on September 3

Exchange sets staggered shutdown for ICX, SCRT and STORJ trading products after routine asset review, with related services ending weeks earlier

Binance will end spot trading for ICON (ICX),Secret (SCRT) and Storj (STORJ) on September 3, 2026, at 03:00 UTC. The decision follows the exchange’s periodic review of listed assets. All open spot orders for the three tokens will be canceled automatically at that time.

The removal forms part of a multi-stage process that begins well before the final spot deadline. Binance is winding down futures, margin, copy trading and payment services for the tokens on separate earlier dates, giving users a series of cutoffs to manage positions.

Staggered Timeline Across Products

Spot Copy Trading support ends first among the trading features. On August 27, 2026, at 03:00 UTC, the three tokens will be removed from Spot Copy Trading portfolios. Any remaining holdings that cannot be sold will be transferred to users’ regular spot accounts. Force-selling of sellable balances will occur at market prices.

Futures contracts for ICX, SCRT and STORJ close and settle automatically on August 26, 2026, at 09:00 UTC. After settlement, the contracts themselves are delisted. Traders who leave positions open lose control over the exit price.

Margin activity follows a two-step schedule. Borrowing on the affected cross and isolated margin pairs is suspended from August 21, 2026, at 06:00 UTC. Full margin delisting covering Cross, Isolated and Portfolio Margin takes effect on August 26, 2026, at 10:00 UTC. At that point Binance will close remaining positions, settle accounts and cancel pending orders. The process is expected to last roughly three hours, during which users cannot adjust positions. Portfolio Margin users have been advised to monitor their Unified Maintenance Margin Ratio and top up balances if needed to avoid forced liquidations.

Consumer services shut down on parallel timelines. Binance Buy & Sell Crypto stops supporting the three tokens on August 21, 2026, at 03:00 UTC. Binance Pay ends support on August 26, 2026, at 03:00 UTC. Trading Bots services linked to the spot pairs terminate together with the main spot markets on September 3.

Spot trading ends September 3, 2026 at 03:00 UTC. Futures settle August 26. Margin borrowing stops August 21 with full removal August 26. Copy Trading force-sells on August 27.

Review Criteria Cited by the Exchange

Binance stated that it regularly reviews listed digital assets and may remove those that no longer meet its standards. The stated goal is to protect users and maintain a high-quality trading environment. Factors considered include the project teams’ commitment, the level and quality of development activity, trading volume and liquidity, network security and stability, public communication, community participation and transparency.

Additional criteria include responses to due diligence requests, any evidence of unethical or fraudulent activity, new regulatory requirements, unjustified increases in token supply, changes in token economics or project ownership, and community feedback. The exchange did not publish token-specific findings for ICX, SCRT or STORJ.

Separate Developments at the Projects

The three tokens face distinct situations outside Binance’s process. Secret Network experienced a $4.67 million exploit on its Axelar bridge in June. Its community has proposed migrating SCRT from the native Cosmos-based chain to an ERC-20 token on Arbitrum. A one-time balance snapshot is scheduled for September 1, after which official development support for the Cosmos version is expected to end pending a governance vote.

ICON is consolidating its token 1:1 into a new asset called SODA as part of a shift toward a DeFi platform named Soda Xchange built on the Sonic network. Two-way swapping between ICX and SODA closes on September 30. The ICON chain itself is scheduled to stop producing blocks on December 31.

Storj’s parent company, Storj Labs, filed for Chapter 11 bankruptcy protection on July 27 in the U.S. Bankruptcy Court for the Northern District of West Virginia. The company has said the decentralized storage network continues to operate without interruption and that STORJ holders may receive equity in the reorganized entity.

Users holding any of the three tokens on Binance are advised to close positions, cancel bots, transfer assets from margin accounts and complete any necessary withdrawals before each respective cutoff. After the final spot delisting, the tokens will no longer be tradable on the exchange’s spot markets.

Disclaimer
This article was generated by AI using information from multiple industry sources. It has not been reviewed or verified by a human editor and may contain inaccuracies, omissions, or misinformation. Readers are encouraged to independently verify any information before making decisions based on its content.
This article is for informational purposes only and does not constitute financial, legal, or investment advice. Cryptocurrency and related investments involve substantial risk, and past performance does not guarantee future results.
Last updated on 20 August, 2026 13:18