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Spanish Crypto Exchange Bit2me Won’t Absorb 2gether Customers Due to Internal Discrepancies

News Feed - 2022-07-22 04:07:28

Spanish Crypto Exchange Bit2me Won"t Absorb 2gether Customers Due to Internal Discrepancies


Bit2me, a Spanish cryptocurrency exchange, announced that the deal it aimed to complete with 2gether, another Spanish exchange, fell through due to internal discrepancies. The company hoped to absorb the customers of 2gether after it blocked operations, forcing users to pay €20 to keep using the platform after having declared it could no longer provide free services earlier this month. Bit2me Drops 2gether Customer Absorption Deal


Spanish cryptocurrency exchange 2gether is still facing difficulties after it blocked its customers’ access to its platform earlier this month. Bit2me, another cryptocurrency exchange, had proposed a deal to absorb these customers and move their funds to its platform. However, according to a blog post issued by the company, the deal was not completed due to internal discrepancies.


In the blog post, Bit2me’s team explained that:


Bit2Me was determined to offer a solution so that 2gether users could continue trading their cryptocurrencies on Bit2Me. All this, from the good will and without any type of financial compensation between the parties.


2gether blocked users from accessing their funds on its platform earlier this month, due to what it called the “inability to maintain free service” as a result of the cryptocurrency market downturn, telling customers they had to make a €20 (about $20) one-time payment to keep using their platform for cryptocurrency trading. Bit2me initiated talks with the exchange to absorb their customers in the interest of offering its services to keep these customers in the crypto ecosystem.


About this, Bit2me stated:


Bit2Me’s objective with this agreement was to protect the crypto ecosystem in Spain in order to allow 2gether clients to continue buying and selling cryptocurrencies without selling their positions. New Plans


However, Bit2me has not given up, and it is presenting an offer for customers that will reimburse the €20 one-time payment if they transfer their funds voluntarily from 2gether to its platform. However, the value of the cryptocurrency transferred must be higher than €200 euros for this to apply.


The woes that 2gether is facing are affecting more than 100,000 customers, and some of these are already planning to take legal action against the exchange. This is the case with Asufin, a local association of users, that has hinted about taking this kind of action. It declared:


At Asufin we are assessing the possibilities of filing a legal claim to inform affected consumers of the steps to follow in the face of this type of closure of ‘exchange’ platforms. Tags in this story 2gether, asufin, Bit2Me, Deal, illiquidity, woes


What do you think about the unfinished deal between Bit2me and 2gether? Tell us in the comments section below. Sergio Goschenko


Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Report: Blockchain.com Cuts Staff by 25%, Executive Salaries Reduced NEWS | 2 hours ago Video Game Giant Square Enix Plans to Drop a Final Fantasy VII NFT Collection in 2023 NEWS | 6 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleUS Lawmaker Slams SEC for Not Regulating in Good Faith — ‘Under Chair Gensler, SEC Has Become Power-Hungry’ Next articleReport: Blockchain.com Cuts Staff by 25%, Executive Salaries Reduced Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItToday"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits


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