Bit2me is a Spanish cryptocurrency exchange. It announced today that it was unable to conclude the deal with 2gether due to internal problems. 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 suggested a deal that would allow these customers to be absorbed and their funds transferred to Bit2me’s platform. According to the company’s blog, however, the deal wasn’t completed because of internal disputes.
In the blog post, Bit2me’s team explained that:
Bit2Me was created to allow 2gether users the opportunity to trade their cryptos on Bit2Me. This was done out of goodwill and with no financial compensation.
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 began talks to acquire customers to offer its services and keep them in the cryptocurrency ecosystem.
Bit2me provided this information:
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.
Neue 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.
2gether has more than 100,000 members, many of which are considering legal action. Asufin (a local users association) has already hinted that it might take this type 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.
Let us know your thoughts on the ongoing deal between Bit2me & 2gether. Comment below.
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