Bit2me, a Spanish digital currency exchange, announced that the deal it was aiming to conclude with 2gether, another Spanish exchange, collapsed due to internal differences. The company hopes to absorb 2gether’s customers after it blocked its operations, forcing users to pay €20 to keep using the platform after announcing it could no longer offer the free service earlier this month.
Bit2me releases Customer Absorption Agreement 2
Spanish cryptocurrency exchange 2gether is still facing difficulties after blocking customer access to its platform earlier this month. Bit2me, another cryptocurrency exchange, has proposed a deal to absorb these customers and move their funds to the platform. However, according to the blog post issued by the company, the deal was not completed due to internal discrepancies.
In a blog post, the Bit2me team explains that:
Bit2Me decided to provide a solution so that 2gether users can continue trading cryptocurrencies on Bit2Me. All this, of goodwill and without any kind of financial compensation between the parties.
2 together blocked users from accessing funds on the platform earlier this month, due to so-called “inability to maintain free services” as a result of the cryptocurrency market downturn, told customers they had to make € 20 (about $ 20) one-time payments to keep using the platform for trading cryptocurrency. Bit2me began negotiations with the exchange to absorb its customers with the interest of offering services to keep those customers in the crypto ecosystem.
Regarding this, Bit2me stated:
Bit2Me’s goal with this agreement is to protect the crypto ecosystem in Spain in order to allow 2gether clients to continue buying and selling cryptocurrencies without selling positions.
However, Bit2me did not give up, and offered to its customers a one-time refund of € 20 if they sent funds voluntarily from 2gether to the platform. However, the value of the transferred cryptocurrency must be higher than € 200 euros in order to be valid.
The crash faced by 2gether affected more than 100,000 customers, and some of these have planned to take legal action against the exchange. This happened with Asufin, a local user association, which gave instructions on such actions. That declare:
At Asufin, we are evaluating the possibility of filing a lawsuit to inform affected consumers about the steps to take when faced with this type of ‘exchange’ platform closure.
What do you think about the pending deal between Bit2me and 2gether? Tell us in the comments section below.
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