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 the US to visit cryptocurrency exchange BITCOINIRA as planned according to its regulatory address that 15303 Ventura Blvd., Suite 1060, Sherman Oaks, California.

The investigators came to 15303 Ventura Boulevard in Sherman Oaks of Los Angeles, California on October 3, 2023, and located a beautiful modern commercial building in the heart of the prosperous Downtown Los Angeles.

After accessing the building, the survey personnel spotted a digital directory, which displays that suite 1060 is occupied by Corpay, rather than BITCOINIRA.

And then the investigation team arrived at the 10th floor of the building by the elevator, and saw the logo of Corpay at suite 1060, without any sign of BITCOINIRA.

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

Conclusion

The survey team went to the US to visit cryptocurrency exchange BITCOINIRA, but didnt find the company at its regulatory address. This suggests that the company might 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.