Bit2me, a Spanish cryptocurrency exchange, has announced that the deal it aimed to strike with 2gether, another Spanish exchange, fell through due to internal differences. The company hoped to absorb 2gether customers after it froze operations, forcing users to pay €20 to continue using the platform after saying it could no longer provide free services earlier this month.
Bit2me drops 2gether customer absorption agreement
Spanish cryptocurrency exchange 2gether is still facing difficulties after blocking customer access to its platform earlier this month. Bit2me, another cryptocurrency exchange, had offered a deal to absorb these customers and move their funds to its platform. However, according to a blog Publish issued by the company, the transaction was not completed due to internal discrepancies.
In the blog post, the Bit2me team explained that:
Bit2Me was determined to offer a solution for 2gether users to continue trading their cryptocurrencies on Bit2Me. All this, with good will and without any type of financial compensation between the parties.
2 set blocked users from accessing their funds on his platform earlier this month, due to what he called “the inability to sustain a free service” following the crypto market downturn. currency, telling customers that they needed to earn €20 (about $20) one-time payment to continue using their platform for cryptocurrency trading. Bit2me has entered into talks with the exchange to absorb their customers with the aim of offering its services to keep these customers in the crypto ecosystem.
Regarding this, Bit2me said:
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.
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However, Bit2me has not given up and is presenting an offer for customers who will refund the €20 one-time payment if they voluntarily transfer their funds from 2gether to its platform. However, the value of the transferred cryptocurrency must be greater than 200 euros for this to apply.
The woes facing 2gether affect over 100,000 customers, and some of them are already considering taking legal action against the exchange. This is the case of Asufin, a local user association, which has hinted that it would undertake this kind of action. This declared:
At Asufin, we are evaluating the possibilities of filing a legal complaint to inform the consumers concerned of the steps to follow in the face of this type of closure of “exchange” platforms.
What do you think of the unfinished deal between Bit2me and 2gether? Tell us in the comments section below.
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