Bit2me, a Spanish cryptocurrency exchange, is looking to absorb customers of 2gether, another Spanish exchange, after the company blocked access to its trading platform. Bit2me will pay the €20 fee that 2gether imposed on its customers to continue trading on its platform. The customers will be able to keep trading on Bit2me’s platform, having their assets transferred there.
Bit2me to Absorb 2gether Customers
Bit2me, a Spanish cryptocurrency exchange, announced its intention of absorbing customers whose accounts were blocked by 2gether, another Spanish cryptocurrency exchange, last week. The company disclosed a plan that would allow customers to move their funds and accounts to its platform to continue trading.
According to information explained in a blog post, Bit2me would reimburse the €20 ($20.00) fee that 2gether told users they had to pay to keep operating using its platform. The intention would be to keep these users in the crypto environment. Leif Ferreira, co-founder and CEO of Bit2me, declared:
Training, knowledge, and innovation are the keys to bringing this sector to the whole of society. At Bit2Me we are committed to what we believe. For us, the world of cryptocurrencies and blockchain technology is and will be key to our present and future. For that reason, we want to be next to 2gether users who want to continue to be linked to the crypto ecosystem.
2gether informed its customers about the problems it had been facing earlier this month when the exchange blocked access to customers and deleted its presence from social media, affecting 100,000 customers. The company informed its customers that, as a result of the recent market downturn, it would be unable to keep supporting free accounts.
Also at that time, the company imposed a one-time €20 fee on its users, in order for them to continue utilizing platform services. However, customers whose accounts’ funds were below that number would be liquidated. While 2gether reported having been affected by the market situation, in contrast, Bit2me has continued to operate normally, even expanding its operations to Latam.
Bit2me announced the establishment of a new office in Brazil in May, to tackle the market of more than 20 million customers that hold crypto in the country, with compliance and security as goals. In the same vein, the company was the first to receive authorization from the Central Bank of Spain to operate as a regulated virtual asset service provider (VASP), in February.
What do you think about Bit2me’s proposal to 2gether’s customers? Tell us in the comments section below.
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.
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