Reason for this visit

After Japan, Singapore has become the second country to recognize the legality of cryptocurrencies, helping to promote it as a fintech and cryptocurrency hub in Asia, and many exchanges around the world competing to "locate" in this country. To help investors know more about the local exchanges, the survey team plans to go to Singapore to for on-site visits.

On-site visit

This time the survey team visited the cryptocurrency exchange HBTC Exchange in Singapore, with specific address at 100 Tras Street Singapore, 079027 SG.

The survey team came to an office building at 100 Tras Street. 

The survey team entered the building and didn’t find any logo or name of the cryptocurrency exchange HBTC Exchange on the floor directory. After consulting the security staff, the team still have no idea whether the exchange is based in this building or not.

Conclusion

The survey team went to Singapore to visit the cryptocurrency exchange HBTC Exchange, and found no business premise of the exchange, which means the given business address is fake. Please be prudent if trading with this exchange. 

Disclaimer

The content is for informational purposes only and it is not intended as a recommendation or advice.