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 Colorado in the US to visit cryptocurrency exchange bitda.io as planned according to its regulatory address that 4255 South Buckley Road #1296 Aurora Colorado.

The investigators came to 4255 South Buckley Road in Aurora of Colorado, the US on September 26, 2023, and located a cluster of small stores in the community center of the city, rather than in Denver CBD or commercial area.

The UPS Store was located at the address, along with some small shops or boutiques. However, there was no sign of suite 1296 nor other units at the place.

According to the staff working for the UPS, they had never heard of company “bitda.io” nearby, except for some small shops/boutiques.

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

Conclusion

The survey team went to the US to visit cryptocurrency exchange bitda.io, 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.