ICE3X Exchange
| Trading name | Ice Cubed Exchange |
| Industry | Bitcoin exchange |
| Founded | 2013 |
| Defunct | April 2021 (voluntary liquidation) |
| Headquarters | South Africa (also served Nigeria and the United Kingdom) |
| Website | https://ice3x.co.za/ |
ICE3X (also styled iCE3X / Ice Cubed Exchange) was a South African cryptocurrency exchange founded in 2013. While operating it listed local-currency pairs including BTC/ZAR, BTC/NGN and BTC/GBP and accepted bank transfers in those currencies alongside bitcoin deposits and withdrawals. Earlier product copy described manual bitcoin withdrawal batches and a cold-storage policy, with FICA / proof-of-identity requirements.[1]
Closure
MyBroadband reported on 7 April 2021 that ICE3x was liquidating after suspending bitcoin and litecoin withdrawals, together with deposits and trading, on 16 March 2021 while investigating balance discrepancies. The company was quoted saying that after consultation with technology partner Merkeleon.com and subsidiary Coinspaid.com it had not reached a satisfactory conclusion, that preliminary findings indicated shortages in both bitcoin and litecoin, and that the trading platform would not reopen.[2]
ITWeb later summarised that the company entered voluntary liquidation in April 2021 after suspending trading and withdrawals.[3] As of a 22 September 2026 fetch, ice3x.co.za presented the title/banner ICE3X - In Liquidation.[4]
Liquidation
An 8 July 2026 ITWeb report, citing court documents from joint liquidators Marthinus Breytenbach and Gottlieb Moabelo, said the liquidators had applied to the Master of the High Court for an extension until 31 May 2027 to lodge the liquidation and distribution account. The liquidators said unresolved litigation over crypto-asset ownership, ongoing recovery work, and planned UK proceedings meant the account could not yet be finalised. The same piece reports that liquidators and assisting experts identified further outstanding bitcoin, ethereum and litecoin with an estimated value exceeding R30 million — figures presented as liquidator claims in that reporting, not as adjudicated recoveries.[3]
Products
While open, deposit rails described on the earlier article included ZAR EFT, NGN and GBP bank transfer, and bitcoin. Stated fees included free deposits, R10 ZAR withdrawals, free bitcoin withdrawals, and trading fees of 1% for individuals and 0.8% for traders, with a developer API advertised.[1]
See also
External links
References
- ↑ 1.0 1.1 Earlier wiki article product and fee tables.
- ↑ MyBroadband, 7 April 2021: One of South Africa's oldest cryptocurrency exchanges shuts down
- ↑ 3.0 3.1 ITWeb, 8 July 2026: R30m crypto mystery prolongs iCE3X liquidation