Coinbase plans to suspend trading for Badger DAO (BADGER) and Storj (STORJ) on September 28, 2026 at approximately 2:00 p.m. ET.
The exchange announced the decision on August 28 after what it described as a recent review of its listing standards.
Both order books have already moved into limit-only mode.
Coinbase says users can still access their BADGER and STORJ balances and continue withdrawing the assets.
That makes this a trading-access and liquidity event — not an asset freeze.
What exactly is Coinbase changing?
The planned suspension affects Coinbase's main trading surfaces:
- Coinbase.com;
- Simple and Advanced Trade;
- Coinbase Exchange;
- Coinbase Prime.
Trading is scheduled to stop on September 28.
Until then, the order books are restricted to limit-only mode.
Users can place and cancel limit orders, and those orders may match where counterparties exist.
Market-style execution is more restricted than normal, which can reduce immediate liquidity and widen the difference between the price a user sees and the price at which an order can actually execute.
Can holders withdraw BADGER and STORJ?
Yes, based on Coinbase's current notice.
The exchange says the assets remain accessible and withdrawals will continue.
That distinction should be clear in risk reporting.
"Coinbase delists STORJ" does not mean Coinbase has frozen STORJ holders' funds.
Users still have the option to move tokens to self-custody, another exchange that supports the asset or a compatible DeFi venue, where appropriate.
Users should nevertheless verify the receiving network and token contract before transferring.
Why is Coinbase suspending the assets?
Coinbase says it regularly monitors listed assets to ensure they continue to meet its listing standards and that the decision follows a recent review.
The exchange did not publicly provide a detailed asset-by-asset failure analysis in the announcement.
It is therefore inappropriate to claim that a specific legal, security or liquidity problem definitively caused either suspension unless Coinbase says so.
The two assets do have different backgrounds.
BADGER is associated with Badger DAO and Bitcoin-focused DeFi.
STORJ is the token used by the Storj decentralized storage ecosystem.
Storj Labs' corporate Chapter 11 restructuring adds an additional layer of market uncertainty around STORJ, but Coinbase has not stated that the bankruptcy is the reason for its delisting decision.
What does limit-only mode mean?
Limit-only mode allows users to specify the price at which they are willing to buy or sell.
Orders do not execute unless another market participant is willing to trade at a compatible price.
This differs from a normal liquid order book where users may rely on market orders for immediate execution.
As an asset approaches delisting, liquidity can deteriorate because market makers reduce exposure, arbitrage routes disappear, users withdraw to other venues and fewer traders want to hold inventory.
What happens after September 28?
Coinbase says trading will be suspended.
Users should not assume that withdrawal access automatically ends on the same date.
The current notice specifically says funds remain accessible and withdrawals continue.
However, exchange support can evolve after a trading suspension.
Long-term holders who do not need Coinbase custody should understand what wallet and alternative market options exist before the trading deadline rather than waiting until liquidity has already migrated elsewhere.
Is STORJ's Chapter 11 the same as the token failing?
No.
A corporate bankruptcy involving Storj Labs and ownership of the STORJ token are legally and economically different things.
A decentralized network can continue operating even if a related corporate entity restructures.
At the same time, corporate distress can affect development funding, business partnerships, token-market confidence and exchange listing assessments.
It is therefore relevant background without being proof that the STORJ token itself is insolvent or technically broken.
What should holders check?
Before moving or trading BADGER or STORJ, users should verify:
- the correct blockchain network;
- receiving-wallet compatibility;
- deposit support at another exchange;
- minimum deposit requirements;
- token contract addresses;
- available market depth;
- tax consequences of selling or converting.
A delisting can create urgency, which increases the risk of sending assets to the wrong chain or an unsupported address.
CEXVia assessment
Risk level: Medium
Coinbase has given approximately one month of notice and continues to allow withdrawals.
That substantially reduces custody risk.
The remaining risk is market access.
Liquidity can migrate away from Coinbase before the final suspension date, and users who depend on Coinbase as their primary market need to decide whether to sell, hold in self-custody or move to another supported venue.
This is not a Coinbase solvency event and should not be described as one.
What to watch next
- changes to the September 28 timetable;
- deterioration in BADGER and STORJ liquidity;
- additional exchange delistings;
- any project response;
- future withdrawal-support changes;
- developments in Storj Labs' restructuring.
FAQ
When will Coinbase stop BADGER and STORJ trading?
Coinbase plans to suspend trading on September 28, 2026 at approximately 2:00 p.m. ET.
Can users still withdraw BADGER and STORJ?
Yes. Coinbase says the assets remain accessible and withdrawals will continue.
Are BADGER and STORJ already delisted?
Trading has not fully stopped yet, but both order books have moved into limit-only mode ahead of the September suspension.
Did Coinbase say why the assets failed its standards?
Coinbase said the decision followed its regular listing review but did not publish a detailed asset-specific reason in the announcement.
Is Coinbase freezing user funds?
No. The current notice says users retain access and withdrawal ability.
*This article is for informational purposes only and does not constitute financial, legal or investment advice.*