Upbit to Delist ICX/KRW Trading Pair on October 19
South Korean cryptocurrency exchange Upbit will delist the ICX/KRW trading pair on October 19, 2026, citing unresolved security incident risks associated with ICON (ICX), according to information shared by Wu Blockchain.
Upbit said trading support for ICX/KRW will end at 3:00 p.m. Korea Standard Time on October 19. At that time, all outstanding orders for the trading pair will be canceled as the exchange removes the market from its platform.
Upbit Cites Unresolved Security Incident Risks
According to Wu Blockchain, Upbit stated that ICON (ICX) may face security incident risks that remain unresolved or unremedied. The exchange said the issues have not been resolved since ICX was designated as an investment caution asset.
The designation indicates that concerns previously identified by the exchange remain relevant to its decision on whether to continue supporting the asset's trading pair. Upbit's announcement specifically linked the termination of trading support to the unresolved status of those concerns.
The delisting applies to the ICX/KRW market, which allows users to trade ICX directly against the South Korean won. The announcement does not state that the ICON blockchain itself will cease operating.
Withdrawals to Continue After Trading Ends
Although trading support will end on October 19, Upbit will continue to allow withdrawals of ICX until November 18, according to the information shared by Wu Blockchain.
The additional withdrawal period gives users time to move their holdings from the exchange after the trading market has been removed. The end of trading and the later withdrawal deadline are therefore separate stages in Upbit's handling of the asset.
Users with open ICX/KRW orders will also need to account for the cancellation of outstanding orders when trading support ends at 3:00 p.m. KST on October 19.
ICON and the ICX Token
ICON is a Layer 1 blockchain that was launched in 2017. Its native token, ICX, has primarily been used for network transactions, staking and governance.
The asset's trading availability on individual exchanges can differ from the operation of the underlying blockchain. In this case, Upbit's announcement concerns support for the ICX/KRW trading pair and the subsequent withdrawal period.
The immediate timeline outlined by the exchange is the October 19 trading-support termination, followed by continued ICX withdrawals through November 18, 2026.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
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