Binance UK office one of 2,403 companies sharing ‘utility closet’ in Suffolk

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The registered office address of a British binance entity has gained attention for looking like a “closet” from the outside and for being shared with over 2,400 other companies.

The United Kingdom-registered address for an entity of one of the world’s largest crypto exchanges, Binance, is nothing but a tiny building in Britain’s east that is shared by thousands of other companies.on the r/buttcoin subreddit showed the so-called “utility closet” Binance Ltd and thousands of other firms use as a registered office address in the U.K. — a tactic often used by other tech firms and large companies.

Binance Ltd’s address points to the small town of Mildenhall in Suffolk county, England. Google Maps shows the site is a small, nondescript garage building on the outer edge of the town about an hour and a half's drive from Britain’s capital London. The top image shows Binance’s office address registration with the government while the image spliced below shows the address on Google Maps. Source: RedditBinance Ltd shares the address with 2,403 active companies in total.

The address is actually the site of a company called OfficeServ, a virtual registered address service provider which aims to give a “believable business location,” as per its

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in BUSİNESS

Business Business Latest News, Business Business Headlines