Binance announced that it will end all spot trading for ICON (ICX), Secret (SCRT), and Storj (STORJ). Following the decision, SCRT lost more than 20%, while ICX approached a double-digit decline.
According to Binance’s announcement, the three altcoins will be completely removed from the spot market on September 3, 2026, at 6:00 a.m. Türkiye time. Binance will automatically cancel all open orders once trading ends.
Why is Binance delisting ICX, SCRT, and STORJ?
Binance said it regularly reviews the cryptocurrencies traded on its platform. The exchange evaluates factors such as team commitment, development activity, trading volume, liquidity, and network security.
The review also covers the projects’ public communications, their responses to Binance’s information requests, and regulatory developments. Binance considers community sentiment, changes in token supply, and changes in ownership structure as well.
Binance did not separately disclose which criteria ICX, SCRT, and STORJ failed to meet. However, the exchange concluded after its latest review that the three assets no longer met its listing standards.
Spot trading bots will also stop operating on September 3 at 6:00 a.m. Türkiye time. Binance urged users to update or cancel their active bots before the deadline to avoid potential losses.
SCRT price drops 23%
The delisting decision hit SCRT the hardest. As of 2:58 p.m. Türkiye time on August 20, the token had fallen 23.5% over the previous 24 hours to $0.0201. SCRT dropped as low as $0.0200 during the day.
ICX traded near $0.0159 at the same time, down 9.7%. The token reached a new low of $0.01529.
STORJ did not face the same level of selling pressure as the other two altcoins. Its price remained near $0.0406 after falling as low as $0.03749 during the day.
Futures trading will end earlier
Binance Futures will close positions in futures contracts linked to the three altcoins on August 26 at 12:00 p.m. Türkiye time. The exchange will remove the contracts from its platform after completing the automatic settlement.
Users will no longer be able to open new positions after 11:30 a.m. Türkiye time on the same day. Binance advised investors who want to avoid automatic settlement to close their open positions before the deadline.
Margin borrowing will stop on August 21 at 9:00 a.m. Türkiye time. Cross, isolated, and portfolio margin trading for ICX, SCRT, and STORJ will end on August 26 at 1:00 p.m.
Spot Copy Trading support will end on August 27 at 6:00 a.m. Any assets remaining in portfolios will be sold at market price. Binance will transfer amounts that cannot be sold to users’ spot accounts.
Withdrawals will remain available until November 3
Binance will stop crediting ICX, SCRT, and STORJ deposits after 6:00 a.m. on September 4. Withdrawals will remain available until 6:00 a.m. on November 3, 2026.
The exchange may convert tokens remaining in user accounts into stablecoins after November 4. However, Binance said the conversion is not guaranteed and that it may share further details in a separate announcement.
