Reason for this visit

The United States is one of the largest cryptocurrency markets globally, with major digital assets such as Bitcoin and Ethereum gaining wide popularity, attracting a large number of investors and innovators. The US has a broad base of retail and institutional investors, including individual investors, hedge funds, family offices, and more. In terms of regulation, the SEC has been closely monitoring digital assets, with its regulatory stance on digital assets fluctuating at different times but overall emphasizing the protection of investor interests. The CFTC is primarily responsible for regulating the futures and derivatives markets of digital assets and has approved products such as Bitcoin futures. Financial regulatory agencies in various states in the US are also taking measures, with some encouraging digital asset innovation and others adopting a cautious regulatory attitude. In the future, as institutional investor interest in digital assets grows, it is expected that an increasing number of institutional products and services will enter the market, thereby driving market growth. To help investors gain a more comprehensive understanding of cryptocurrency exchanges in the United States, 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 AOFEX as planned according to its regulatory address that 9888 W Belleview Ave. Ste. 2142 Denver Colorado.

The investigators came to 9888 W Belleview Avenue in Denver of Colorado in the US for a visit to the exchanges office on October 23, 2023, and located “Intrigue Jewellers”, a one-story store offering jewelry retail, maintenance, other services, adjacent to King Soopers, a grocery store, far away from Downtown Denver. There was no any office nor information regarding “AOFEX” nearby.

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

Conclusion

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