Coinbase Disables Trading for IoTeX (IOTX)
- —Coinbase disabled IOTX trading on Coinbase.com, Coinbase Exchange and Coinbase Prime
- —Withdrawals remain available and customer funds are not blocked
- —IoTeX Foundation will provide a 1:1 conversion from ERC-20 IOTX to native tokens
- —IOTX is down roughly 85% over the past year and another 5% on the news
Why it matters: A delisting on a major exchange cuts IOTX liquidity and adds further pressure on the token's price.
Source: U.Today