Reason for this visit

East Asia and North America (dominated by the United States) are home to the world‘s two largest cryptocurrency exchange markets, with the trading volume making up nearly half of that in the global crypto market. In contrast with many exchanges in East Asia, the crypto platforms in the US are more strictly regulated. In the meantime, Coinbase, the world’s top one cryptocurrency exchange, is based in the US. In an attempt to help investors to get a more comprehensive understanding of the exchanges in the US, WikiBit survey team decide to go to the country for on-site visits to the local companies.

On-site visit

In this issue, the survey team went to Colorado in the US to visit cryptocurrency exchange BBIN as planned according to its regulatory address that 950 17th Street, Suite 1400, Denver, Colorado.

The investigators came to the 950 17th Street in Denver, Colorado on September 6, 2023. US BANK TOWER, a modern commercial building, is situated in a busy commercial area of Denver.

After entering the building, the survey personnel found a digital directory in the lobby, where there was no information regarding BBIN, and then arrived at room 1400 via elevator, with the company name of SRS ACQUIOM at the entrance, instead of BBIN.

Through an on-site investigation, it is confirmed that BBIN doesnt have a presence at the location.

Conclusion

The survey team went to the US to visit cryptocurrency exchange BBIN, and didn‘t find the company at its regulatory address. This suggests that it doesn’t have a physical business office at the place. Therefore, investors are advised to choose the exchange cautiously.

Disclaimer

The content is for informational purpose only, and shall not be taken as a final order for making a choice.