Reason for this visit

Cryptocurrency activities are welcome in Estonia. Thanks to Estonian government's open regulation of cryptocurrencies in a positive manner, an increasing number of crypto exchanges are planning to join this market. To help investors or practitioners have a better understanding of these exchanges in Estonia, WikiBit survey team is going to the country for on-site visits to the local companies.

On-site visit

The survey team visited cryptocurrency exchange cratos (licensee: Vulture OÜ) in Tallinn, the capital of Estonia, according to its regulatory address that Väike-Paala tn 2, Lasnamäe linnaosa, Tallinn, Harju maakond, 11415.

The investigators arrived at Väike-Paala tn 2 in Tallinn, where a small-scale office building with an austere façade was situated. On the glass curtain wall of the building could be seen some companies name and logo. Most companies in the office building were travel agencies. However, there was no related information of exchange cratos.

After entering the building, the investigators saw the company directory in the foyer, where there also wasnt any related information of cryptocurrency exchange cratos.

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

Conclusion

The survey team went to Tallinn in Estonia to visit cryptocurrency exchange cratos as planned, but didnt find the company at its regulatory address. This indicates that the company just registered at the place without a physical business office. 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.