By Nathan Ferguson
On 10th July, 2gether (a crypto trading venue based in Spain) terminated its services for free trading, referring to being unable to cope with the operations dealing with operational charges because of the ongoing crypto winter.
Bit2Me To Onboard 100K Cryptocurrency Investors Of 2gether
After the recent contract between the duo crypto exchanges, plans were declared by Bit2Me to onboard up to 100 thousand crypto investors of 2gether, who got recently restricted from trading because the firm is incapable of meeting its activities during the severe conditions prevailed in the crypto market. On 10th July, 2gether put a stop to free trading facilities, pointing toward the company’s incapability of dealing with the operational costs as the crypto winter has currently engulfed the whole market of cryptocurrency.
Rather, the consumers were declared liable to recompense 20 euros to be spent on the fees for maintenance. While relieving the recently exiled crypto investors, an agreement has been successfully inked by Bit2Me with 2gether in which the consumers will be onboarded without compelling them to recompense any charges, permitting the customers to move over the holdings as well as to restart the trading activities.
Apart from this, Bit2Me intended to return the 20 euros to the clients after the effective onboarding process. Bit2Me took to its official account on Twitter to declare this contract and assured the consumers that they will be able to keep on their trading with no extra fees. Leif Ferreira – the co-founder and CEO of Bit2Me – reiterated the commitment of the venue and noted that the space of blockchain technology and cryptocurrencies are of chief importance for their present as well as their future.
He added that to do this they intend to be at those 2gether consumers’ side who intend to carry on their connection with the ecosystem of cryptocurrency. Recently, the Spanish sub-branch of Binance – Moon Tech Spain – was registered under the Bank of Spain to play a role of a virtual asset service provider (VASP), permitting the exchange to provide crypto trading facilities throughout the area.
Changpeng Zhao (also called “CZ” in short) – the CEO of Binance – brought to the front the significance of the efficient regulation of the widely adopted cryptocurrencies. He moved on to say that they have made a substantial investment to have compliance and release the instruments that are compliant with AMLD 5 as well as 6 along with the policies to guarantee that their venue remains the most trustworthy and secure across the industry.
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