Upbit is terminating support for ICON, ICX. Reported by @WuBlockchain, Korean exchange giant @Official_Upbit has announced it will delist its $ICX / KRW pair on October 19. It will continue to allow withdrawals of ICX for around one month after trading support is terminated.

What happened

Upbit, a major Korean cryptocurrency exchange, will delist the ICX/KRW trading pair on October 19. After that date, trading will stop, but users can still withdraw ICX for about one more month.

Confirmed

Global impact / market context

Delisting reduces where ICX can be bought and sold, which may lower its trading activity and price. Investors holding ICX need to move it to another exchange or wallet before withdrawals end, or they could lose access.

Analyst inference

When a major exchange removes a coin, it often signals lower confidence and can lead to price drops. Other investors might sell early, causing further decline. This event may also raise concerns about other similar projects listed on Upbit.

Analyst inference

What to watch

1. Confirm Upbit's official announcement and exact delisting time on October 19, and verify the withdrawal deadline, which is approximately one month after that date. Confirmed
2. Check whether ICX gets listed on another exchange, as that would provide an alternative trading venue and may help stabilize its price after Upbit removes the pair. Proposed
3. Monitor ICX's price and trading volume around the delisting date, as sharp drops often occur when a major exchange stops supporting a token, affecting investor positions. Analyst inference

Evidence

• x.com