Reason for Visit
Due to the strict regulations of the South Korean government, the trading volume of domestic exchanges in South Korea has fallen sharply, and the development of domestic exchanges in South Korea has faltered. With the rise of cryptocurrency exchanges in North America, the competition of local exchanges in South Korea has become increasingly fierce. To help investors better understand cryptocurrency exchanges in South Korea, the investigation team went to South Korea for an on-site visit.
The investigators paid a visit to bitinus at 157, 4th floor, Seogyo-dong, Mapo-gu, Seoul.
Based on the above address, the investigators came to the destination of the current investigation, an office building at 157, 4th floor, Seogyo-dong, Mapo-gu, Seoul.
When the investigators entered the building, the logo of bitinus could be clearly seen on the sign in the lobby, which indicated that this exchange’s office was on the 4th floor; however, the investigators were not allowed to enter the building and had to return.
The investigation team went to Seoul, South Korea to visit bitinus. The logo of the exchange can be found on its publicly displayed address, which means that business address of bitinus is real. Investors are advised to choose this exchange prudently.
The content is for informational purpose only, and shall not be taken as final order for making choice.
1-2 years | Suspicious Regulatory License | Medium potential risk