Background

The South Korean government has tightened supervision of crypto market, which has caused a sharp drop in the trading volume of domestic exchanges in South Korea, haltering the development of domestic exchanges in South Korea. With the rise of North American cryptocurrency exchanges, the competition among Korean local exchanges has become increasingly fierce.

In order to help investors understand the country's cryptocurrency exchanges more comprehensively, the survey team went to South Korea for on-site visits.

Records

The survey team visited the cryptocurrency exchange Coin2x in Seoul, South Korea. The survey address was Room 34-43,507, Digital Road, Guro District, Seoul. 

The survey personnel came to the destination of the survey based on the above address, which was an office building at No. 43, Digital Road, Seoul, South Korea. The appearance of the building looked ordinary. The building was located in an office block with many tall buildings nearby.

The investigators entered the building and found no logo or name of the cryptocurrency exchange Coin2x on the signboard in the lobby. It showed that Room 507 was an office belonging to a company called "netmarble".

In order to further confirm whether the cryptocurrency exchange Coin2x was operating here, the investigators went to the 5th floor and found Room 507. They found that the door was closed and there was no company logo or name outside the office.

Conclusion

The investigators went to Seoul, South Korea to visit the cryptocurrency exchange Coin2x. They did not find the exchange's office on the publicly displayed address, which meant that the exchange might not have a real business venue here.Investors are advised to choose this exchange carefully.

Disclaimer

The above content and opinions are for reference only and not as the basis for the final selection.