Coinbase Futures Delists IP (Story) as Multi-Exchange Exodus Accelerates

Coinbase has announced the delisting of IP (Story) perpetual futures, marking the latest blow to a token already reeling from a cascade of exchange exits. The move, confirmed via Coinbase Markets on X, adds a tier-1 exchange to a growing list that includes Binance, Bybit, Bitget, OKX, and XT.COM. IP’s price has tumbled sharply, with a 10.84% drop in the last 24 hours alone.

What Happened: A Coordinated Delisting Wave

The delisting of IP futures is not an isolated event. Over the past week, multiple major exchanges have announced the removal of IP perpetual contracts:

• Binance – Multi-delisting of IP futures (June 25, 2026)
• Bybit – Delisting of IPUSDT perpetual (June 23, 2026)
• Bitget – Delisting of IPUSDT and IPUSDC futures (June 28, 2026)
• XT.COM – Delisting of IP USDT-M perpetual (June 28, 2026)
• OKX – Full support for IP-to-DATA migration, with spot and futures delisting on July 2, 2026

Coinbase’s announcement on July 1, 2026, at a price of $0.2998, confirms the trend. The token’s price has been under severe pressure, with multiple double-digit percentage drops recorded on Binance futures over the past 24 hours.

Note: Brave search snippets indicate that OKX will support a 1:1 migration of IP to DATA, but the timeline for delisting is tight.

Token Snapshot: Story (IP)

Story (IP) is a Layer 1 blockchain launched in February 2025, designed to tokenize intellectual property as programmable assets. Key metadata:

• Current supply: 1,023,825,557 (infinite supply)
• Circulating supply: 350,298,470 (self-reported: 250,000,000)
• Last known price: $1.1264 (at launch), now trading near $0.30
• 24-hour volume: $68 million
• Tags: AI & Big Data, Smart Contracts, Layer 1, Made in America, Binance Ecosystem
• Explorer: StoryScan
• Whitepaper: Story Foundation

The project’s vision of tokenizing IP—from art to AI-generated content—initially attracted listings on Binance, Coinbase, and Upbit. However, the rapid succession of delisting alerts suggests waning exchange confidence.

Risk Notes

• Multi-exchange delisting reduces liquidity and trading venues, potentially leading to further price erosion.
• Price volatility has been extreme: IP saw spikes of up to 8% within hours, followed by double-digit drops.
• Migration uncertainty – OKX’s IP-to-DATA migration adds complexity; holders must act before the July 2 deadline.
• Infinite supply and a relatively low circulating supply (34% of total) could imply future dilution risk.

Where to Trade

As of now, Coinbase remains the only major exchange still listing IP spot trading, though futures are being removed. For traders seeking exposure or hedging, consider using automated bots to navigate the volatility.

Trade with our bot