Coinbase will suspend trading for BADGER and STORJ on September 28, 2026, around 2:00 p.m. ET. According to the exchange's latest announcement, the suspension covers Coinbase.com Simple and Advanced Trade, Coinbase Exchange, and Coinbase Prime services for customers. Both order books have been moved into limit-only mode, allowing customers to place and cancel limit orders while preventing market orders. The restrictions apply to all retail, professional and institutional trading services. As reported by Coinbase, the notice carries standard boilerplate stating "We regularly monitor the assets on our exchange to ensure they meet our listing standards."
Despite the trading suspension, customers will retain access to BADGER and STORJ balances and withdrawals after trading ends completely. As reported by Coinbase, users will continue to have the ability to withdraw both assets, and the exchange did not announce a withdrawal deadline. This differs from Coinbase's earlier handling of DAI, when eligible customer balances were scheduled for conversion into USDS after trading ended. Customers can leave supported balances on the platform or transfer them to compatible external wallets, though they must verify receiving addresses and supported blockchains before approving irreversible transactions. The exchange emphasizes that the exit door never closes; the entrance does, making this a forced-actor scenario where holders must decide before September 28 whether to withdraw or sell into the limit-only window.
BADGER traded near $0.37 on August 30, down approximately 4% over 24 hours, moving within an intraday range of about $0.365 to $0.385. According to market data, the timing followed Coinbase's announcement, though the price change cannot be attributed solely to the suspension without further evidence. STORJ traded near $0.074 during the same reporting period, with available market data showing limited announcement-linked movement, making a direct market-reaction conclusion difficult. The loss of Coinbase trading could reduce access to both tokens for customers who rely on the exchange. As reported by crypto.news, the delisting is immaterial to revenue but mildly favorable on cost, as every asset listed carries fixed compliance and surveillance obligations.
Coinbase cited routine listing reviews but did not identify specific deficiencies involving either token publicly. As reported by the exchange, it regularly reviews supported assets to determine whether they continue meeting its listing standards. The exchange did not disclose which technical, legal, compliance or market criteria prompted its decision concerning BADGER and STORJ. Coinbase says its monitoring process considers onchain and offchain signals, with material changes to a project or the exchange's understanding of an asset triggering further review according to its listing policy. The delisting wave is industry-wide, driven by MiCA in Europe, U.S. securities risk, thin liquidity, and dead development.
BADGER and STORJ are not Coinbase's only scheduled September suspensions. According to crypto.news reports, IoTeX trading will end on September 23 at approximately 2:00 p.m. ET. The exchange also suspended five tokens earlier in August, including IDEX, LRC, OMNI, PIRATE and FIS, with withdrawals remaining open after trading ended for those tokens. Coinbase has not announced an appeal process, reconsideration period or further review deadline for the current suspensions. This move is part of Coinbase's ongoing strategy to refine its asset listings while continuing to add new tokens and products to its platform. Coinbase booked $599 million of transaction revenue in the three months through June, with the delistings representing a small fraction of total trading volume. The exchange maintains a record 10.3% share of global trading volume, with the marginal dollar concentrated in majors while altcoin liquidity gets withdrawn first.
