Reason for this visit

East Asia and North America (primarily the United States) are the two largest cryptocurrency trading markets in the world, accounting for approximately half of the global cryptocurrency market volume. Compared to many exchanges in East Asia, US exchanges are subject to stricter regulations, and the US is home to the world's largest cryptocurrency exchange, Coinbase. In an attempt to help investors to gain a more comprehensive understanding of current cryptocurrency exchanges in the US, WikiBit survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to the US to visit cryptocurrency exchange SyltH as planned according to its regulatory address that 24 S Weber St., Ste. 200, Colorado Springs, Colorado, 80903.

The investigators came to 24 S Weber Street in Colorado Springs, Colorado, US for an on-site visit to the exchanges office. The target office building called Conover is located in downtown Colorado Springs. Meanwhile, the nearby streets present unremarkable environmental characteristics, with moderate pedestrian traffic.

Subsequently, the investigators proceeded into the building and first examined the directory (floor guidance system) in the lobby, noticing that Unit 200 was listed as “Intranerve” with no mention of SyltH.

To conduct a comprehensive verification, the inspection team reached the second floor and checked the floor directory in the elevator lobby, yet still found no signage referencing SyltH. Notably, while there were unlabeled logos in the lobby, none could be conclusively linked to SyltH.

Upon reaching Unit 200 on the second floor, the team observed through the glass door that the premises contained office furniture and equipment but no staff were working inside. The door plaque clearly displayed “Intranerve” with no reference to SyltH. Attempts to contact staff were unsuccessful, and access to the interior was restricted due to authorization limitations.

Through the on-site investigation, it is confirmed that SyltH does not maintain a physical presence at the location.

Conclusion

The survey team went to the US to visit cryptocurrency exchange SyltH but did not find the company at the regulatory address. Accordingly, investors should be meticulous in choosing the exchange.

Disclaimer

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