Background

Due to the strict regulations of the South Korean government, the trading volume of domestic exchanges in South Korea has dropped significantly, which will suffer difficult subsequent development.The rise of North American cryptocurrency exchanges has intensified competition among local exchanges in South Korea.In order to help investors understand the country's cryptocurrency exchanges more comprehensively, the survey team went to South Korea for on-site visits.

Records

In this period, the survey personnel went to Seoul, South Korea to visit the cryptocurrency exchange CITEX as planned. The site of the survey was 514, Tehran Road, Gangnam District, Seoul, South Korea.

The survey personnel came to the destination of the survey based on the above address, which was the office building at No.514 Tehran Road, Gangnam District, Seoul, South Korea. The number of the building was clear and easy to find. There were high-rise office buildings near the building, which were quite prosperous.

The CITEX logo or name of the cryptocurrency exchange was not found on the signboard of the building, and a card was required to enter the office area. The survey staff had to end the survey trip.

Conclusion

The investigators went to Seoul, South Korea to visit the cryptocurrency exchange CITEX. On the publicly displayed address, they did not find the office of the exchange, which meant that the cryptocurrency exchange CITEX might not have a real business venue. Investors are advised to choose this exchange carefully.

Disclaimer

The above content and opinions are for reference only and not as the basis for the final selection.