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 Batex as planned according to its regulatory address that 400 South Colorado Boulevard, Suite 340, Denver, Colorado.

The investigators came to the 400 South Colorado Boulevard in Denver, Colorado on September 9, 2023. A modern commercial building, potentially being the HQ of Wells Fargo with its eye-catching company logo on the top of it, is situated in a busy commercial area of Denver.

After entering the building, the survey personnel found a directory in the lobby, where there was no information regarding company Batex as well as room 340, and didnt spot the company and its office on the 3rd floor of the building.

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

Conclusion

The survey team went to the US to visit cryptocurrency exchange Batex, 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.