2gether, one of the oldest cryptocurrency exchanges in Spain, has suddenly blocked its operations, leaving its users without access to their accounts. The platform informed it had to take this action due to the current situation of the market in an email directed to customers. In addition, the platform erased its presence from social media, deleting its account on Twitter.
2gether Reports Bear Market Woes
The current downturn in the cryptocurrency market has affected several cryptocurrency exchanges and lenders unable to return funds to customers, having declared bankruptcy, or being in the process of finding additional funding to keep operating. This time, one of the oldest cryptocurrency exchanges in Spain, 2gether, has been the one affected, blocking the access of customers to its platform. The exchange reported this situation to its customers via an email, where it stated that due to the current market conditions, it was unable to continue to serve its customers. The company explained:After five years of serving the crypto community, we are forced to close the private account service. The lack of resources and the crypto winter prevent us from providing the service with the quality and guarantees [with which] other nearby providers are doing it.2gether looks to be the first Spanish cryptocurrency exchange affected in such a way by the current crypto climate.
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