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 the 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 WINNER as planned according to its regulatory address that 2900 Warden Ave, Scarborough ON M1W 2S8 Scarborough Ontario.

The investigators came to 2900 Warden Avenue in Scarborough of Toronto, Canada for a visit to the exchanges office on October 25, 2023, and located a modern commercial building “BRIDLEWOOD MALL” in close proximity to the street. Numerous company names were displayed at the entrance of the building. However, there was no any information regarding “WINNER”.

Upon arrival at the building, a giant shopping mall, the survey personnel spotted security guards and an indoor directory which didnt show the company name of WINNER.

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

Conclusion

The survey team went to Canada to visit cryptocurrency exchange WINNER, 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.