Reason for this visit

Canada is one of the most “crypto-friendly” countries in the world, with the government actively promoting the development of the digital economy, during which cryptocurrencies, as digital assets, play a significant role. Furthermore, Canada is home to multiple well-known cryptocurrency companies. In recent years, the Canadian government has invested substantial resources and money into research and applications of cryptocurrencies and blockchain technology, including decentralized identity authentication, smart contracts, and other areas, indicating that it will continue to play a crucial role in the era of digital economy in the future. As a result, Canada becomes one of the competitive markets for global crypto exchanges. In an attempt to help investors gain a more comprehensive understanding of current exchanges in Canada, 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 Canada to visit cryptocurrency exchange VirgoCX as planned according to its regulatory address that 4950 Yonge Street, North York, Toronto, ON, Canada, M2N 6K1.

The investigators came to 4950 Yonge Street in Toronto of Ontario, Canada for a visit to the exchanges office on March 2, 2024, and located a modern commercial building at the center of Yonge Street Corridor. With a coveted location adjacent to the famous street corner of Yonge Street and Shepard Avenue, the building is easily accessible via public transports in close proximity to numerous bus stops within a less 5-minute distance from 401 Expressway.

Upon access to the building for further investigation, the survey personnel spotted security guards, a reception area, and a digital directory in the lobby. According to the directory, VirgoCX was situated in suite 900 on the 9th floor. However, people werent allowed to go to the floor without an access card due to the stringent security rules. Therefore, the specific office size of the company is unconfirmed as a result of the failure to visit the office and take photos internally.

Through the on-site investigation, it is confirmed that the company has a presence at the location.

Conclusion

The survey team went to Canada to visit cryptocurrency exchange VirgoCX, and found the companys name at its regulatory address. This signifies that the company has a physical business office at the place. Meanwhile, investors are advised to make an informed decision following much deliberation.

Disclaimer

The content is for informational purpose only, and shall not be taken as a final order for making a choice.