Spanish Crypto Exchange Bit2me To Assist 2gether Customers

Spanish crypto exchange 2gether took its customers by surprise when it decided to block their access to its platform. Now, another crypto exchange in Spain has decided to step in to rescue the customers of the other platform. 2gether had demanded that its clients pay a fee of €20 to continue using its platform and Bit2me announced that it would be willing to pay this fee on behalf of the customers. These clients can transfer their assets on Bit2me’s platform and continue their trading activities.

Bit2me offers a good deal

Last week, 2gether blocked its clients from accessing their accounts on its platform and kept the condition of a €20 fee to be able to get access. This spurred Bit2me into action, as the crypto exchange wants to absorb the customers of its competitor. Therefore, it announced a deal that would have 2gether’s clients transfer their funds onto the Bit2me platform and continue their trading activities on it.

The €20 fee would be reimbursed by Bit2me and the goal of doing so is to ensure these clients can continue trading cryptocurrencies and to expand its user base as well. The chief executive and co-founder of the Bit2me exchange, Leif Ferreira said that they could incorporate the crypto sector into society via innovation, knowledge, and training.

He said that the crypto exchange was committed to doing so and they considered the world of crypto and blockchain tech as their present as well as their future. Therefore, they want to ensure that 2gether customers remain linked to the crypto ecosystem.

2gether’s issues

Earlier this month, 2gether had blocked access to its trading platform and had also erased its presence from social media. This disclosed that the Spanish crypto exchange was dealing with problems and 100,000 customers had to suffer because of its drastic action. The exchange disclosed that it could no longer offer free accounts because of the severe downturn in the crypto market.

At the same time, it went ahead and imposed a fee of €20 on its clients to be able to continue using the crypto exchange’s services. This is a one-time fee. It also warned that clients with funds below that amount would see their accounts liquidated.

Bit2me operating normally

While Bit2me and 2gether are operating in the same country, the former has managed to continue its operations normally, while the latter is facing problems. As a matter of fact, Bit2me has actually expanded its services to the Latin American region during this time.

Back in May, the crypto exchange announced that it was setting up a new office in Brazil. This is because it wanted to tap into the Brazilian market which has about 20 million crypto customers and is aimed at ensuring full security and compliance. Moreover, it should also be noted that Bit2me became the first company to have received authorization to operate as a virtual asset service provider (VASP) in Spain in February by the Central Bank of Spain.

Leave a Reply

Your email address will not be published.


Be The Bank Review, – Is BeTheBank Scam or a Good Broker?

Be The Bank Review Be The Bank Rating 4.7 Summary Read our Be The Bank review at FStar Capital Forex and Cryptocurrency Trading blog, find the answer to your question “is bethebank scam or legit” and much more! We have checked all the aspects of this broker and we recommend BeTheBank for online trading. It […]

Coins Capital Review, – Is Coins Capital Scam Or Legitimate?

Coins Capital Trading Platform Rating 4.3 Summary Read our Coins Capital review at FStar Capital Forex and Cryptocurrency Trading blog, find the answer to your question “is Coins Capital scam or legit” and much more! Coins Capital Review You have been thinking for a long time if trading is for you. You have finally […]

AI Center Indicts ChatGPT Developer of Trade Law Violations: Claims Bias & Deception

The organization alleges that the creator of ChatGPT has violated Section 5 of the Federal Trade Commission Act with the release of GPT-4. This section of the act prohibits any practices or acts considered deceptive or unfair and that affect commerce. CAIDP has complained to the US Federal Trade Commission, intending to prevent the distribution […]

Investors Excited As XRP Market Capitalization Hits $20 Billion

It’s been wide jubilation today after XRP investors heard the announcement that the market capitalization has surged to $20 billion. XRP: a cryptocurrency developed and managed by Ripple, a San Francisco, United States, distributed data company. It was gathered that the coin itself responded to this development through a climb in price – it was […]

GlobalTrades Review, – Is Global Trades Scam or a Good Broker?

GlobalTrades Trading Platform Rating 4.6 Summary Read our Global Trades review at FStar Capital Forex and Cryptocurrency Trading blog, find the answer to your question “is scam or legit” and much more! GlobalTrades Review As people look at cryptocurrencies and their immense success, they are eager to start their own trading businesses. While […]