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Bit2Me to onboard 100k blocked crypto traders from 2gether trade

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Following a latest settlement between the 2 crypto exchanges, Bit2Me introduced plans to onboard 2gether’s 100,000 crypto traders, who have been lately blocked from buying and selling because of the trade’s incapability to function amid unfavorable market circumstances.

On July 10, Spanish cryptocurrency buying and selling platform 2gether shut down its free buying and selling companies, citing its incapability to justify its associated operational prices as a result of crypto winter. Instead, the customers have been being charged 20 euros as upkeep charges.

Providing reduction to the lately displaced crypto traders, Bit2Me reached an settlement with 2gether to onboard its customers with out imposing any charges — permitting customers to maneuver over their holdings and resume their buying and selling actions. In addition, Bit2Me determined to reimburse the 20 euros again to the customers following profitable onboarding.

Reassuring his dedication to Spain’s crypto market, Leif Ferreira, CEO and co-founder of Bit2Me, said: 

“The world of cryptocurrencies and Blockchain technology is and will be key to our present and future. For that reason, we want to be at the side of 2gether users who want to remain linked to the crypto ecosystem”

Related: Binance will get VASP registration for its Spanish subsidiary from the Bank of Spain

The Bank of Spain lately registered Binance’s Spanish subsidiary, Moon Tech Spain, as a digital asset service supplier (VASP), permitting the trade to supply crypto buying and selling companies within the area.

Binance CEO Changpeng “CZ” Zhao highlighted the significance of efficient regulation for the widespread adoption of cryptocurrencies, including:

“We have invested significantly in compliance and introduced AMLD 5 and 6 compliant tools and policies to ensure that our platform remains the safest and most trustworthy in the industry.”