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

On June 19, a post on the r/buttcoin subreddit showed the so-called “utility closet” Binance Ltd and thousands of other firms utilize as a registered workplace address in the U.K.– a technique frequently used by other tech companies and big companies.Binance Ltds address points to the little town of Mildenhall in Suffolk county, England. Google Maps shows the site is a small, nondescript garage structure on the external edge of the town about a half and an hours drive from Britains capital London.The top image shows Binances workplace address registration with the federal government while the image spliced below shows the address on Google Maps. Binance has around six entities in Britain throughout different addresses signed up to supply IT and financial services.Related: Binance cancels registration for non-active company in the UKCointelegraph contacted Binance for more details on the entity however did not immediately receive a response.Tech companies shell gamesTechnology business have actually utilized such virtual “shell” addresses around the world and in the United States for years.

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The company was used by Apple last November in an attempt to obscure the patent fillings for its recently revealed Vision Pro headset and related operating system.Another company, Wyoming Corporate Services, was explained in a 2011 Reuters exposé as a “brick home” in a “drowsy city” and home to 2,000 registered companies at the time.Magazine: Peter McCormacks Real Bedford Football Club puts Bitcoin on the map