Founded in 2014, Coinhako is a homegrown cryptocurrency platform that specializes in creating access to the crypto-economy in Singapore and beyond. By the end of 2021, the company had a user base of some 400,000 registered retail users. Coinhako is renowned for being one of the easiest Singapore Dollar on and off ramps with cryptocurrencies for the retail market.

In 2021, Coinhako launched Coinhako Privé, its crypto trading and wallet services for high-net worth individuals and institutions. Mid-2021, the company launched Coinhako Earn which enables users to earn yield on their cryptocurrencies. These new product offerings are part of Coinhako’s roadmap in becoming a full crypto financial services platform.

From a start-up of two persons in 2014, Coinhako has grown into a multi-national company that employs more than 170 people across Singapore and Vietnam by the end of 2021. In 2021, the company’s trading volume grew by more than 1000% and active user base increased by more than 400% from 2020. Coinhako’s total trading volume in 2021 was approximately S$7 billion ($5.1 billion), an increase of 1200% from the previous year. In the same period, Coinhako saw a 522% year-over-year (YoY) growth in account openings, with an increase of 1000% in the average number of users trading on its platform each month. By the end of 2021, Coinhako more than doubled its total registered users to 380,000, compared to 2020.

In May 2021, the Coinhako mobile app was ranked as one of the top 3 financial apps in Singapore, above some of the largest local banks and financial institutions. In the same period, Coinhako app was also alongside some of the largest and most popular apps on both android and IOS Top Apps list.

Coinhako’s mission is “To provide everyone in Asia with infrastructure needed to access the crypto-economy”. As a company, Coinhako strives towards becoming the go-to option for seamless access to the crypto ecosystem across the Asia Pacific region. As adoption of cryptocurrencies and interest in Web 3, metaverse and blockchain-based applications continues to grow, Coinhako strives to maintain its lead position as the go-to platform for crypto in Singapore.

Additional Update:
In May 2022, Coinhako was granted Monetary Authority of Singapore (“MAS”) official approval for a Major Payment Institution (“MPI”) licence. The licence allows Coinhako to formally operate as a regulated provider of Digital Payment Token (“DPT”) Services under the Payment Services Act (“PSA”), strengthening its position as Singapore’s leading provider of crypto-based solutions.