Binance delists 3 tokens as ICX, SCRT, STORJ face separate crises

Binance will remove ICON, Secret, and Storj from all spot trading pairs on September 3, ending major exchange support for three tokens trading more than 98 percent below their all-time highs.

Binance will delist ICX, SCRT, and STORJ from all spot pairs on September 3 at 03:00 UTC after a periodic asset review. The exchange evaluated trading volume, liquidity, development activity, team commitment, and network safety before making the call.

"Spot trading for ICON, Secret, and Storj pairs will cease on September 3, 2026, and these assets will also be removed from futures trading and available margin products in the days leading up to the delisting," Binance said in its announcement.

The staggered timeline hits every Binance service. Margin borrowing was suspended August 21, futures positions close August 26 at 09:00 UTC, and Spot Copy Trading ends August 27. Deposits stop being credited September 4, while withdrawals remain open until November 3 at 03:00 UTC. Remaining balances convert to stablecoins the following day, though Binance said conversion is not guaranteed.

The three tokens each face distinct crises beyond the delisting. ICON is winding down its blockchain by December 31, directing ICX holders to migrate to a new token called SODA on the Sonic network. Secret Network is debating a migration to Arbitrum after a $4.67 million bridge exploit in June. Storj Labs filed for Chapter 11 bankruptcy protection on July 27. All three trade more than 98 percent below their all-time highs, with market capitalizations ranging from $7.3 million to $17.4 million, per CoinGecko data.

ICON's Endgame

ICX, once dubbed the "Korean Ethereum" after delivering 100x returns in 2017, touched a record low of $0.01529 on the day the delisting news spread. The ICON Foundation plans to stop block production on December 31, with two-way swapping between ICX and SODA closing September 30 — roughly four weeks after Binance drops the pair. ICX's market cap stood at approximately $17.4 million.

Secret and Storj Face Structural Questions

Secret Network's SCRT Labs proposed migrating the token from its native Cosmos-based chain to an ERC-20 on Arbitrum, arguing the existing Layer 1 model was no longer sustainable. A one-time balance snapshot is scheduled for September 1, two days before Binance's delisting takes effect, though the migration still requires a governance vote. Storj Labs filed for Chapter 11 on July 27 in the U.S. Bankruptcy Court for the Northern District of West Virginia, citing "legacy obligations from an earlier chapter." The company said its distributed storage network continues to operate, and STORJ holders may receive equity in the reorganized business.

What to Watch

Binance previously delisted ALCX, ARDR, NFP, and POND in July under the same review framework, and placed ICX under its Monitoring Tag on August 11. The exchange recorded $14.6 billion in 24-hour trading volume on the day of the announcement, up from about $4 billion the prior day, per CoinGecko data. For holders, the immediate concern is the November 3 withdrawal deadline — after that, remaining balances face automatic conversion to stablecoins. Losing Binance support also complicates future fundraising and partnership discussions for the affected projects, even as each team pursues its own path forward.

This article is for informational purposes only and does not constitute investment advice.