iCE3X, one of the biggest cryptocurrency exchanges in South Africa, has added binance to its spot trading platform.
Binance is one of the world’s largest cryptocurrency platforms, and it has a token called Binance Coin (BNB). The token can be traded based on the value of the Binance ecosystem.
iCE3X now allows users to access the Binance Coin (BNB) in a trading pair between Bitcoin and Binance Coin (BTC/BNB).
Binance Coin is unique in that it has utility based on the continually expanding Binance ecosystem. The Binance CEO Changpeng Zhao has also mentioned that approximately 90% of Binance employees choose to receive a portion of their salary in BNB.
Gareth Grobler, iCE3X’s founder, says,
BNB is another important way that a user on our platform can make local trading strategies that have a global impact.” He added somewhat cryptically that, “There are more coins that will be added to the platform soon, of the stable variety.
Eugéne Etsebeth, the iCE3X COO, said:
Our users have asked for BNB and we have delivered. Our platform allows for coins to be added easily after rigorous testing.
The company also mentioned that its objective is to offer clients the best service to buy and sell (trade) cryptocurrencies and fiat pairs on a trusted exchange by integrating with numerous business partners.
iCE3X has currently partnered with a cryptocurrency exchange platform provider, financial institutions, merchant services, wallets, custodial services, insurance, and scratch cards markers.
All these partnerships and integrations are part of the company’s plan to build an ecosystem around iCE3X’s exchange platform. Binance Coin adds to other existing cryptocurrencies on the iCE3X to increase the total number of supported digital currencies to 12.
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