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 decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Colorado in the US to visit cryptocurrency exchange Remitano as planned according to its regulatory address that 7350 West Alameda Suite 800, Lakewood, Colorado.

The investigators came to 7350 West Alameda in Lakewood in Colorado, the US on September 29, 2023, and located a one-storey building, which looked like a supermarket or a home goods shop. The survey personnel failed to enter the building since it was closed. According to the staff working in nearby stores, they had never heard of Remitano, saying that the location was just home to retailers, as opposed to offices. There wasnt any office area in the building.

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

Conclusion

The survey team went to the US to visit cryptocurrency exchange Remitano, but didnt find the company at its regulatory address. This suggests that the company may just register at the place without a physical business office. Therefore, investors should be cautious in choosing the exchange.

Disclaimer

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