Monero (XMR) support was announced today on South African bitcoin and cryptocurrency exchange ICE³X. Starting today, users already registered with the exchange can deposit and withdraw Monero to and from their exchange accounts.
The ICE³X team is scheduled to open up the XMR/BTC market for trading this Friday, April 27th, 2018. The XMR/ZAR market will go live on May 1st, 2018.
ICE³X is the first and only cryptocurrency exchange in South Africa to support and list the Monero token, which currently includes XMR/ZAR & XMR/BTC markets.
Monero and other privacy coins have made some poised moves to the upside over the past couple of weeks.
The ICE³X team said:
“iceCUBED-X offer seven other cryptocurrencies and 14 markets in total. We believe that Monero is a good addition to the exchange. It has a unique architecture, buzzing community and most importantly, a well-resourced development model. In South Africa, there is a dedicated cryptocurrency trading community. Cryptocurrency traders say that they can not economically trade cryptocurrencies outside of South Africa at scale.”
One of the greatly-talented core developers for Monero is South African Riccardo Spagni.
Ready to merge Monero pull requests. pic.twitter.com/XFya4fef0b
— Riccardo Spagni (@fluffypony) April 12, 2018
“We think Monero is currently the most suitable coin to add to the exchange, because it is fundamentally different from bitcoin, has a real-world use case and somehow managed to stay more true to the “original idea” around which Bitcoin was created. We continuously improve on balancing our users’ needs with a safe and secure trading environment, and the addition of XMR has been on our roadmap for a while now and we are keen to see the market response.”