On the 26th of April 2018, iceCUBED-X [ICE³X] introduced Monero [XMR] to the African market by offering XMR/ZAR & XMR/BTC as trading pairs in Africa.
Ice Cubed Exchange platform is operated by ICE³X. ICE³X is mainly active in South Africa, Nigeria, and the United Kingdom and are active multiple cryptocurrencies listed.
This is the first time, Monero [XMR] getting listed in the African cryptocurrency market. Investors and traders who are registered with iceCUBED-X [ICE³X] can start trading and investing Monero [XMR] immediately.
The XMR/BTC market started trading from 27th April. The XMR/ZAR market will be live on 01st May 2018. The exchange has exempted traders from the trading fee on the XMR/BTC market till the 31st of May 2018.
Monero [XMR] is an open-source cryptocurrency which came about around April 2014 and focuses on privacy. XMR is preferred by many over Bitcoin. According to coinmarketcap.com, at press time, Monero was trading at $ 252.75 to a token with a market cap of $4.1 billion and witnessing a drop by 2% in the past 24 hours.
Monero [XMR] uses the CryptoNote protocol which is designed to make data more obscure on its unique blockchain to provide a better level of privacy on the network.
The CEO of iceCUBED-X [ICE³X] said that,
“We think Monero….. is fundamentally different from bitcoin, has a real-world use case and somehow managed to stay truer to the “Original Idea” around which Bitcoin was created. The balance between our users’ needs and a safe and secure trading environment is continuously improving and the addition of XMR has been on our road map for a while now. We are keen to see the market response and hope to help cement XRP’s position in the crypto space”
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