The renowned crypto companies and exchanges in the cryptocurrency market have been victims of a global economic and financial landscape that has not turned out to be anything positive. To know more about bitcoin trading you can visit bigmoneyrush.io
The truth is that due to the significant drop in the prices of digital currencies, many exchange platforms have not estimated an effective risk plan which could have been the solution to the problems they are experiencing.
It is why the liquidity of these companies has been cruelly affected after going through one of the crypto winters with the most significant impact on users, investors, and corporations.
Strategic alliances seem to be in fashion given the possibility of recovering capital that has vanished due to the collapse of some digital assets such as Terra or simply due to the decrease in the value of Bitcoin or Ethereum, which is between 60 and 40%.
The conditions of the traditional financial market have transcended to the point of affecting the cryptocurrency market, which ultimately contributed to companies such as Bit2me and 2gether joining in favor of their beneficiaries.
Crypto exchange platforms look at risk.
From June to the middle of August, it has been shown how crypto companies have been declaring bankruptcy due to a lack of liquidity; consequently, many cryptographic projects have disappeared due to the drastic decrease in prices.
Many financing and risk management policies have gotten out of hand for crypto companies after the world economic scenario has not been at all favorable; this time, it was the case of the Spanish crypto trading platform known as 2gether, which had to close operations.
According to statements by its executives, the sudden closure of the trading platform is due to the lack of liquidity to maintain the costs that represent the free services it offers.
To try to maintain itself, the company decided to charge its users an amount per membership equivalent to EUR 20, under the figure of maintenance fees.
This situation was not profitable for anyone, which undoubtedly caused controversy among the users of the exchange platform, making Bit2Me come to the rescue of the critical scenario the company was going through.
Once Bit2Me decides to get involved, it assumes, through an agreement with 2gether, to incorporate users into the first exchange platform mentioned above, eliminating the collection of fees and immediately reimbursing users the 20 euros previously discounted.
The agreement was based mainly on the benefit of the traders so that they did not have to incur any operating expenses but could traditionally make their investments.
All 2gether users go to the Bit2Me platform, and in this transfer, the amount charged by 2gether will be refunded to their respective user accounts.
Present and future anchored to the crypto market
The digital financial market represented by cryptocurrencies and blockchain technology is the key for many companies in the crypto sector, which in one way or another, means that all present and future projects are linked to this financial ecosystem.
Although the complex economic and financial situation that the world’s powers are still experiencing has been detrimental to many companies, it is clear that a large percentage has also taken advantage of it, and that is where the users of platforms such as Binance have increased.
The intentions to regulate the crypto market have also substantially impacted the market. Still, although the irruption of the decentralization of cryptocurrencies results for many, it could strengthen the sector after strengthening the possible regulations of the cryptocurrency market; it could also enhance the industry after strengthening the likely rules of the digital financial market.
The tools and policies implemented by the exchange platforms are sometimes insufficient for a constantly changing world. Nevertheless, the strategies established so far have allowed the users of the various platforms to carry out safe operations.
The uncertainty of users of exchange platforms such as 2gether does not cease since, after having established the agreement, this same company decided to cancel it due to internal problems, leaving users adrift.
Given this cancellation, Bit2Me decides as a marketing strategy to attract more customers to offer 20 euros to users who transfer their funds from any other wallet and with deposits more significant than 200 euros.
The measures taken by the directors and partners of the cryptocurrency exchange companies should be the first option for the benefit of the users who once trusted the platform. Enter to Bitcoin-Prime trading system for more information.