Reason for this visit

East Asia and North America (dominated by the United States) are home to the world‘s two largest cryptocurrency exchange markets, with the trading volume making up nearly half of that in the global crypto market. In contrast with many exchanges in East Asia, the crypto platforms in the US are more strictly regulated. In the meantime, Coinbase, the world’s top one cryptocurrency exchange, is based in the US. In an attempt to help investors to get a more comprehensive understanding of the exchanges in the US, 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 the US to visit cryptocurrency exchange digitalcoinbuy as planned according to its regulatory address that 420 Lexington Avenue, Suite 2320, New York.

The investigators came to 420 Lexington Avenue in Midtown Manhattan of New York, the US on October 3, 2023, and located Graybar, a well-established and magnificent building.

After accessing the building, the survey personnel spotted a directory in the lobby, which displays that suite 2320 are occupied by companies including “Cyruli Shanks & Zizmor LLP”, “Dan M. Rice, ESQ.”, “Enrico Arteficio, ESQ.”, and “Einig & Bush LLP.”, without any information regarding company “digitalcoinbuy”.

And then the investigation team arrived at the 23rd floor by the lift, but saw the name of company “Cyruli Shanks & Zizmor LLP” on the door of suite 2320, rather than digitalcoinbuy.

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

Conclusion

The survey team went to the US to visit cryptocurrency exchange digitalcoinbuy, 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 cautious 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.