Following a recent agreement between the two crypto exchanges, Bit2Me announced plans to introduce 100,000 2gether crypto investors, who were recently banned from trading due to the exchange’s inability to operate amid unfavorable market conditions.

On July 10, Spanish crypto exchange 2gether shut down its free trading services, citing its inability to justify the related operational costs due to the crypto winter. Instead, a €20 maintenance fee was paid to users.

For the convenience of recently relocated crypto investors, Bit2Me has reached an agreement with 2gether to introduce its users without charging any fees – allowing users to move around their holdings and resume their trading activities. In addition, Bit2Me decided to return 20 euros to users after a successful setup.

Liv Ferreira, CEO and Co-Founder of Bit2Me, reaffirmed his commitment to the Spanish crypto market:

“The world of cryptocurrency and Blockchain technology is and will remain the key to our present and our future. For this reason, we want to be alongside other users who want to remain connected to the crypto ecosystem.”
Related: Binance obtains VASP registration for its Spanish subsidiary from the Bank of Spain

The Bank of Spain recently registered Binance subsidiary Moon Tech Spain as a Virtual Asset Service Provider (VASP), allowing the exchange to offer cryptocurrency trading services in the region.

Binance CEO Changpeng “CZ” Zhao highlighted the importance of effective regulation of the widespread adoption of cryptocurrencies, adding:

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

Source: CoinTelegraph