Coinbase has suspended trading of the IoTeX token (IOTX) across its U.S. platforms following a periodic review of listed assets. The halt took effect on September 23, 2026, at approximately 2 p.m. ET, after the exchange assessed the token against its internal listing standards.

The suspension applies to Coinbase.com, Simple and Advanced Trade interfaces, Coinbase Exchange, and Coinbase Prime. Prior to the full stop, IOTX order books operated in limit-only mode, permitting customers to place or cancel limit orders while matches could still occur. Coinbase has not identified any specific listing criterion that IoTeX failed to meet.

Customer Access and Holdings Unaffected

Despite the trading halt, Coinbase stated that customer balances are unchanged. Holders can continue to view and withdraw their IOTX at any time. The suspension limits market activity on the exchange but does not involve any conversion, seizure, or restriction of ownership of the tokens.

The decision was first communicated in late August. IOTX had been available on Coinbase since its listing in August 2021.

IoTeX Response and Migration Option

The IoTeX project moved quickly to address community concerns. In a statement on X, the team confirmed that user assets remain under user control and that withdrawals from Coinbase continue to function normally.

For holders of the older ERC-20 version of IOTX still on the exchange, the IoTeX Foundation is offering a one-to-one conversion to the native IOTX token. This provides a direct path for users who prefer to move their holdings off the platform.

Project Evolution and Recent Upgrades

IoTeX began as a blockchain designed for Internet of Things applications. It has since expanded its focus to decentralized physical infrastructure networks, artificial intelligence, and systems that support machine-to-machine commerce. This shift places it in competition with protocols pursuing similar machine-economy goals.

In June 2026 the network activated version 2.4.0. The upgrade incorporated selected elements from Ethereum’s Pectra improvements, aiming to enhance efficiency and keep the protocol aligned with broader technical developments in the sector.

Token Price Performance

IOTX has recorded a steep decline over the past twelve months, falling approximately 85 percent. Following the confirmation of the trading suspension, the token posted an additional drop of around 5 percent on the day, with some market data indicating a larger move over the subsequent 24-hour period.

The combination of reduced exchange access on a major U.S. platform and ongoing market conditions presents continued challenges for the token even as the project advances its technical roadmap.