Reason for this visit

The United Kingdom boasts one of the world‘s most vibrant and most liquid cryptocurrency market. According to the data released by CryptoCompare, the UK ranks 11th in terms of the most liquid cryptocurrency Bitcoin market thanks to the majority of the British buying cryptocurrencies with online cryptocurrency exchanges. Despite the regulatory challenge, the UK has taken initiatives in the struggle to regulate the new financial products. Nowadays, the Financial Conduct Authority (FCA) in the UK requires the local cryptocurrency exchanges to register before delivering their services. This ensures that all the related companies operate businesses in accordance with the law and regulation on Anti-Money Laundering and Counter Terrorist Financing. Therefore, the investors feel more safe and confident in investment, while certain transactions and services are likely to be restricted in line with the regulation. Undoubtedly, the cryptocurrency market in the UK has the enormous potential. To help investors have a more comprehensive understanding of the country’s exchanges, WikiBit survey team will go to the UK for on-site visits to local companies.

On-site visit

The survey team visited cryptocurrency exchange ATFX in the UK according to its regulatory address that 32 Cornhill London EC3V 3SG United Kingdom.

On December 15, 2023, the investigators came at 32 Cornhill in London for a visit to the exchanges office, and located the traditional building at a bustling street in the developed commercial district in the heart of the city.

Upon arrival at the building for further investigation, the survey personnel discovered that it was not open to the public, and that people werent allowed to enter without permission upon communication. There was no reception area in the building. However, according to the floor directory at the entrance, “ATFX” is positioned on the ground floor

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

Conclusion

The survey personnel went to London in the UK to visit cryptocurrency exchange ATFX as planned, and found the companys name at its regulatory address. This denotes that the company has a physical business office at the place. Meanwhile, investors should make a judicious 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.