Coinbase suspends trading for Badger DAO and Storj on September 28

Coinbase is cutting off trading for two tokens that have had a rough stretch. Badger DAO (BADGER) and Storj (STORJ) will both lose trading access on Coinbase starting September 28, 2026, at approximately 2 PM ET.

The announcement came on August 28, giving holders exactly one month to figure out their next move.

What the suspension actually means

This is a trading suspension, not a full delisting. You can still reach your holdings and withdraw them. You just cannot place new trades. Coinbase transitioned both order books to limit-only mode immediately upon announcing the suspension, meaning market orders were shut off right away while limit orders and order matches remained temporarily active.

The suspension applies across Coinbase’s full product stack: coinbase.com’s Simple and Advanced Trade interfaces, Coinbase Exchange, and Coinbase Prime.

Coinbase frames these actions as routine housekeeping. The exchange periodically evaluates its listed assets against internal benchmarks covering liquidity and trading performance. This is not the first time Coinbase has done a sweep like this. Recent suspensions hit IOTX, IDEX, and LRC, sketching out a clear pattern: the exchange is tightening its roster, with lower-liquidity projects bearing the brunt.

Two different stories, one shared fate

Badger DAO is a DeFi protocol that built its identity around Bitcoin yield products. Binance and Crypto.com both reduced support for BADGER in 2025, and those moves appear to have accelerated a slide in both liquidity and market attention.

Storj is a decentralized cloud storage network that distributes user data across a global network of independent operators rather than relying on centralized data centers. Storj Labs, the company behind the project, filed for Chapter 11 bankruptcy in July 2026, citing legacy liabilities. Chapter 11 is the reorganization variant of bankruptcy, not outright liquidation, and Storj Labs has indicated its decentralized storage network remains operational through the process.

The Coinbase suspension landing just two months after the bankruptcy filing is probably not a coincidence, though Coinbase has not cited the bankruptcy explicitly as a factor.

What holders should be thinking about

The practical read for anyone holding BADGER or STORJ on Coinbase is straightforward: trading access ends September 28. Withdrawals remain available, so assets are not at risk of being locked. But the limit-only mode already in effect means price discovery is becoming thinner.

For STORJ, the backdrop of Storj Labs’ bankruptcy adds another layer of complexity. Equity holders in Storj Labs and STORJ token holders are technically different categories of stakeholder, but market psychology rarely draws that line carefully.

The broader pattern here is worth watching beyond just these two tokens. Coinbase’s recent string of suspensions points to an exchange actively curating its listing quality rather than chasing volume at all costs.

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