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Cryptocurrency exchange Binance has decided to delist the ICON (ICX), Secret (SCRT), and Storj (STORJ) tokens from the spot market following recent asset reviews. According to the exchange’s statement, trading in all spot pairs for these assets will cease on September 3, 2026, at 06:00.
Binance stated that it regularly reviews the digital assets listed on its platform and may delist projects that do not meet certain standards. The exchange said that the main purpose of these reviews is to protect user security and adapt to changing market conditions.
The evaluation process considers the commitment of the project teams, the level and quality of development activities, transaction volume, and liquidity status. Additionally, the security and stability of the networks against attacks, the projects’ communication with the public, community participation, and level of transparency are also among the review criteria.
Binance also evaluates projects’ response to regular due diligence requests, evidence of unethical or fraudulent activity, new regulatory requirements, and unjustified increases in token supply. Changes in the token economy, changes in project ownership or core team, and community opinions also influence the decision-making process.
Accordingly, trading on all spot trading pairs for ICON, Secret, and Storj will end on the specified date. Following the delisting decision, investors will no longer be able to trade these assets, and Binance has urged users to consider the termination date mentioned in the announcement when planning their transactions.
Regular asset reviews by exchanges stand out as an important practice in the cryptocurrency market, as they assess the compliance of listed projects with technical, financial, and regulatory standards.
*This is not investment advice.
Source: cryptonews.net