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

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Bit2me, the Spanish cryptocurrency exchange, has announced that a deal it intended to do with another Spanish exchange, 2gether, fell through due to internal discrepancies. The company hoped to gobble up 2gether customers after it blocked transactions, forcing users to pay €20 to keep using the platform after it announced earlier this month that it could no longer provide free services.

Bit2me pulls out of 2gether takeover deal

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Spanish cryptocurrency exchange 2gether is still facing difficulties after blocking its customers from accessing its platform earlier this month. Bit2me, another cryptocurrency exchange, has offered a deal to bring in these customers and transfer their funds to their platform. However, according to the blog mail issued by the company, the transaction was not completed due to internal disputes.

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In a blog post, the Bit2me team explained that:

Bit2Me was determined to offer a solution allowing 2gether users to continue trading their cryptocurrencies on Bit2Me. All this in good faith and without any financial compensation between the parties.

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2gether blocked users from accessing their funds on their platform earlier this month due to what it called “the inability to maintain a free service” as a result of the cryptocurrency market downturn, telling customers they should make 20 euros (about $20) . – time-based payment to continue using your cryptocurrency trading platform. Bit2me has initiated negotiations with the exchange to take over its customers in the interest of offering its services in order to keep those customers in the crypto ecosystem.

Bit2me stated this:

Bit2Me’s goal in this agreement was to protect the crypto ecosystem in Spain so that 2gether customers can continue to buy and sell cryptocurrencies without selling their positions.

New plans

However, Bit2me is not giving up and is offering customers a one-time €20 refund if they voluntarily transfer their funds from 2gether to its platform. However, for this, the value of the transferred cryptocurrency must exceed 200 euros.

The issues 2gether is facing affect over 100,000 customers, some of whom are already planning to sue the exchange. Such is the case with Asufin, a local user association, which has hinted at such actions. it announced:

At Asufin, we are evaluating the possibility of taking legal action to inform affected consumers of the steps to take in the face of this type of closure of “exchange” platforms.

What do you think of the pending deal between Bit2me and 2gether? Tell us in the comments section below.

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Credit : news.bitcoin.com

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