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. To help investors get a more comprehensive understanding of the exchanges in the US, WikiBit survey team decided to go to the country for on-site visits to the local companies.

On-site visit

In this issue, the survey team went to Colorado in the US to visit cryptocurrency exchange Tokencan as planned according to its regulatory address that 1099 18th Street, Suite 2900, Denver, Colorado.

The survey personnel arrived at 1099 18th Street in the bustling Denver CBD in Colorado on August 23, where Granite Tower, a grade-A office building, was situated. The building provides office space for financial businesses and professional service suppliers.

After entering the building, the survey personnel found a digital directory in the foyer, which displayed that suite 2900 was occupied by a company called “Everwest Real Estate Investors”.

And then the investigators arrived at unit 2900 via elevator, and didn‘t spot any company’s logo except two company names, “Everwest Real Estate Investors LLC” and “Everwest Advisors LLC” at the entrance of the room. It could be seen through its glass door that unit 2900 looked more like a conference room, instead of a formal office, where there was a long table and approximately 10 chairs. No information involving cryptocurrency exchange Tokencan was shown.

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

Conclusion

The survey team went to Colorado in the US to visit cryptocurrency exchange Tokencan, but didn‘t find the company at its regulatory address. This suggests that the company doesn’t have a physical business office at the place. 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.