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Looks like it showed up, it was different than what I initially thought it was...

IONSX isn't actually worth anything until you exchange it to ION, which is the actual coin. This is same as with any internal token of other exchanges. Trading volume of ION is so low that cashing out larger amounts might be really hard.

Well it has a BTC pair on Ionomy and has a value listed right there. Don't have to go back to ION in that regard... I know because I just exchanged it. :)

Quick calculation shows that direct conversion from IONSX to BTC has lower rate than conversion from IONSX to ION and then to BTC, excluding trading fee... As the difference is about 40 satoshis, I'm pretty sure trading fee isn't that much.