Upbit to Remove ICX/KRW Trading Pair Amid Security Concerns

Upbit, South Korea’s largest cryptocurrency exchange, has confirmed it will delist the ICX/KRW trading pair on October 19, 2026. This decision follows concerns about unresolved security incident risks related to ICON (ICX), which has been designated as an investment caution asset. All outstanding orders for this trading pair will be canceled, significantly impacting liquidity for ICON traders.

What Happened

The announcement from Upbit highlights the ongoing scrutiny facing ICON. As of now, trading volumes for ICX stand at $0, indicating a lack of activity in the market. With the delisting effective on October 19, traders will have until then to adjust their positions. Withdrawals will remain available until November 18, 2026, allowing users to manage their assets post-delisting. This move adds to the recent trend of exchanges tightening regulations around certain assets, especially those flagged for security concerns.

Quick Take

• 1. Upbit will delist the ICX/KRW trading pair effective October 19, 2026. 2. All outstanding orders on this pair will be canceled. 3. ICON (ICX) faces unresolved security incident risks. 4. Withdrawals for ICX will be supported until November 18, 2026. 5. This decision may impact liquidity and trading volume for ICON significantly.

Token Metrics

Currently, the trading volume for ICON is recorded at $0, reflecting a significant drop in market activity surrounding ICX. The broader cryptocurrency market is experiencing mixed signals, with many assets facing volatility. This delisting may further exacerbate existing concerns among traders regarding the future viability of ICON. In the context of recent concerns about market stability, this move could signal a tightening regulatory landscape for cryptocurrencies in South Korea.

ICON is a Layer 1 blockchain platform launched in 2017, designed to facilitate smart contracts and decentralized applications. Upbit, as a leading exchange in South Korea, is subject to regulatory oversight, ensuring that the assets it lists meet certain security and compliance requirements. The decision to delist ICX indicates a proactive stance by Upbit to mitigate potential risks associated with trading this asset.

Eyes on These Levels

Traders will be closely watching ICON’s response to this delisting and any potential recovery strategies. Key support levels for ICX may be evaluated as the delisting date approaches, with traders assessing risks of further regulatory actions in South Korea. The market is likely to react to ongoing updates regarding the security status of ICON and any developments in its governance.

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