Reason for this visit

Cryptocurrency activities are welcome in Estonia. Thanks to Estonian government's open regulation of cryptocurrencies in a positive manner, an increasing number of crypto exchanges are planning to join this market. To help investors or practitioners have a better understanding of these exchanges in Estonia, WikiBit survey team is going to the country for on-site visits to the local companies.

On-site visit

The survey team visited cryptocurrency exchange switchere (licensee: FITEUM OÜ) in Tallinn, capital of Estonia according to its regulatory address that Roosikrantsi tn 2-529k, Kesklinna linnaosa, Tallinn, Harju maakond, 10119.

The investigators arrived at Roosikrantsi tn 2, Tallinn. A modern commercial building with glass curtain façade in a simple and fashionable style is situated in a prosperous street for office blocks surrounded by a clean and tidy environment.

After entering the building, the investigators didnt spot any information of switchere. According to the staff working for the next door company, they never heard of the company in the building.

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

Conclusion

The survey team went to Tallinn, Estonia to visit cryptocurrency exchange switchere as planned, but didnt find the company at its regulatory address. It suggests that the company just registered at the place without a physical business office. Therefore, investors are advised to choose the exchange cautiously.

Disclaimer

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