The Singapore-headquartered cryptocurrency trading platform is launching a digital assets platform for high-net-worth individuals (HNWIs) and institutions.
«Other exchanges in Singapore have focused on retail solutions; we saw the opportunity to provide services for institutional clients,» Yusho Lin, Coinhako co-founder, said in an announcement on Tuesday, launching «Privé.»
The new offering aims to tap on institutional and individual interests in the digital assets space, particularly those who are interested in crypto but unfamiliar with how to access it.
Open to accredited individual investors and institutional investors with S$100,000 ($74,290) or above in annual trading volume, Privé members will enjoy access to institutional-grade digital asset services and white glove services, such as a dedicated relationship manager, personalised support from industry experts, and zero trading fees. Privé clients will also gain access to API trading which they can use to execute high-performance
cryptocurrency trades.
Strong Interest
Coinhako has experienced strong growth amid the surge in interest in cryptocurrencies, with a 1,000 percent increase in trading volume for the first eight months of 2021.
Founded in 2014, Coinhako has over 300,000 registered users in Singapore and an average of 150,000 monthly active users, based on year-to-date data.
It projects that its trading volume could cross the S$10 billion dollar mark by the end of the year, driven by growing interest for cryptocurrencies in Singapore and the rest of Southeast Asia.
