Survey Reason

Due to the strict regulations of the South Korean government, the trading volume of domestic Exchanges in South Korea has fallen sharply. As a result, the development of domestic Exchanges in South Korea is pretty slow. With the rise of North American cryptocurrency Exchanges, the competition among local Exchanges in South Korea has become increasingly fierce. To help investors understand the country's cryptocurrency Exchanges more comprehensively, the survey team went to South Korea for an on-site visit.

Survey Process

In this period, the team members went to Seoul, South Korea to visit the cryptocurrency Exchange Coinbit. The address was No. 68-33, Bongeunsa Road, Gangnam District, Seoul, South Korea.

According to the above address, the team members with efforts came to the destination, an office building located in No. 68-33, Bongeunsa Road, Gangnam District, Seoul, South Korea. Though the building is located in the office blocks, it’s not a grand one and difficult to be found.

Outside the building, Coinbit’s logo was conspicuous. When the team members began to enter the building, they were refused. Therefore, the trip had to come to an end.

Summary

The team members went to visit the cryptocurrency Exchange Coinbit in Seoul on site. Coinbit’s logo can be seen on its publicly displayed address, which means that Coinbit has a real business address. Pitifully, the team members were unable to visit Coinbit in its office. Hence, Coinbit’s office scale remains unknown to us. Investors may make their decisions after full consideration.

Statement

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