Singapore-based cryptocurrency exchange Coinhako is reportedly hiring to expand in Asia with a focus on institutions and wealthy clients.
Coinhako is seeking to expand in Southeast Asia and more broadly throughout the region with «aggressive» hiring for institutional sales and trading. According to Coinhako director of corporate development Collin Cheong, the hiring plans are aimed at boosting business with institutions and wealthy clients like asset managers and family offices based in Asia.
«More forward-looking institutions will be looking at this market downturn as an opportunity to get involved in the digital assets space by either investing in the asset class itself or building the necessary infrastructure to support the next step-up in digital assets adoption,» Cheong said in an interview with «Bloomberg».
Coinhako was founded in 2014 and in addition to its home market in Singapore, its services are also available for users in Vietnam, according to its website.
Industry Recovery
Following months of turmoil that included the collapse of stablecoin TerraUSD and the downfall of hedge fund Three Arrows, crypto firms are gradually turning the corner towards growth once again, albeit selectively.
In addition to Coinhako, rival Singapore exchange Crypto.com is also seeking expansion with the acquisition of South Korean payment service provider PnLink and virtual asset exchange OK-BIT earlier this month. In June, crypto giant Binance announced a hiring spree for 2,000 job positions.
