Spanish cryptocurrency exchange Bit2me is considering absorbing customers of another Spanish exchange, 2gether, after the company blocked access to its trading platform Bit2me will pay the €20 fee that 2gether charges its customers to continue trading on its platform. Customers can continue trading on Bit2me’s platform and their assets will be transferred there.
Bit2me absorbs 2gether’s customers
Spanish cryptocurrency exchange Bit2meannounced last weekits intention to absorb customers whose accounts were blocked by another Spanish cryptocurrency exchange, 2gether. The company revealed plans to allow customers to move their funds and accounts to its platform to continue trading.
According to information explained in a blog post, Bit2me will refund users the €20 ($20) fee that 2gether must pay to continue operating using its platform. The intention would be to keep these users in the encrypted environment, Bit2me co-founder and CEO Leif Ferreira declared.
Training, knowledge, and innovation are key to bringing this sector to society as a whole, and at Bit2Me we are committed to what we believe in. For us, the world of cryptocurrency and blockchain technology is key to our present and future. That’s why we want to be next to 2gether users who want to stay connected to the crypto ecosystem.
2gether Woes
2gether notified customers about the issue earlier this month when the exchange blocked access from customers and removed its presence from social media, affecting 100,000 customers . The company informed customers that it would no longer be able to continue supporting free accounts as a result of the recent market downturn.
Also at that time, the company imposed a one-time €20 fee on users to continue using its platform services. However, customers whose account funds fell below that figure were to be liquidated.2gether reported that it was affected by market conditions, but in contrast, Bit2me continued business as usual and expanded its operations to Latam.
Bit2me announced in May that it will establish a new office in Brazil to address the market of more than 20 million crypto customers in Brazil, with compliance and security as its goals. In February, the company also received its first authorization from the Spanish Central Bank to operate as a regulated virtual asset service provider (VASP).
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