Reason for this visit

Bahrain has become the first country in the Middle East to implement cryptocurrency trading, and has the potential for becoming another hotspot cryptocurrency market after Japan and Southeast Asia. To help investors get a more comprehensive view of the exchanges in this country, the survey team will visit Bahrain for on-site visits.

On-site visit

This time the survey team visited the cryptocurrency exchange QUME in Palmex, with specific address at ZPX Technologies WLL Level 22, West Tower Bahrain Financial Harbour King Faisal Hwy Manama, Bahrain.

The team arrived at the destination the Financial Harbour. The building is divided into three parts, East Tower, Middle Tower, and West Tower, which are very grand. The team went to the West Tower.

The survey team were ready to take the elevator to the 22nd floor and found no logo or name of the cryptocurrency exchange QUME on the signboard at the entrance of the elevator.

The team then went to the 22nd floor and found no logo or company name of the cryptocurrency exchange QUME. They consulted with the receptionist and learned that the company did not exist and that they only used the address of the floor. In addition, the receptionist told the team that the website of the exchange did not exist either.

Conclusion

The survey team visited the cryptocurrency exchange QUME in Bahrain, the "Silicon Valley" of the Middle East, and found that the publicly displayed premise address of the exchange is false and that the exchange's website does not exist. Investors are advised to be cautious if trading with this exchange.

Disclaimer

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