A freshly formed deal between crypto exchanges Bit2Me and 2gether will reportedly look to complete the onboarding of 100,000 crypto investors to the former’s network. 

Specifically, the newly onboarded investors are reportedly victims of 2gether’s failure to function during the current bearish conditions of the market, having their trading features blocked from accessing. 

On July 10, Spain-based crypto trading platform 2gether reportedly ceased its cost-free trading solutions, with reasons related to its failure to justify its associated operational costs because of bearish movements in the crypto market. 

Rather, the users were being charged 20 euros as maintenance fees.

Offering aid to the recently displaced crypto investors, the newly reached agreement of Bit2Me and 2gether will have the onboarding of its users carried out without any fees applied – making it possible for users to transfer their holdings over and get back to trading activities. 

Furthermore, Bit2Me looks to carry out the reimbursement of the 20 euros back to the users following successful onboarding.

“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” Leif Ferreira, CEO and co-founder of Bit2Me, shared additional remarks regarding commitment to Spain’s crypto market. 

The Bank of Spain recently completed registration of Binance’s Spanish subsidiary, Moon Tech Spain, as a virtual asset service provider (VASP), granting the exchange the freedom to provide crypto trading solutions in the area.

“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.” Binance CEO Changpeng “CZ” Zhao emphasized the vital nature of effective regulation to support the growth in adoption of crypto.