SINGAPORE, Jan. 8, 2019 /PRNewswire/ — Singapore, 8th January 2019 – Southeast Asian blockchain leader – and one of the oldest platforms in the region – Coinhako, now supports a total of 25 cryptocurrencies for Singapore, Malaysia, Indonesia and Vietnam. This puts the total number of cryptocurrency and fiat currency trade pairings at 100 on the platform.
To access certain cryptocurrencies, users must make multiple transactions – ranging from FX exchanges, crypto to crypto exchanges and moving tokens across different platforms – and incur a variety of fees.
Coinhako, which primarily functions as a gateway to blockchain technology, allows direct cryptocurrency exchanges with the Singapore dollar (SGD), Malaysian Ringgit (MYR), Indonesian Rupiah (IDR) and Vietnamese Dong (VND). Having only Bitcoin (BTC) and Ethereum (ETH) exchange services at the start of 2018, Coinhako users can now gain access to Bitcoin Cash(BCH), Litecoin (LTC), Ripple (XRP), Omisego (OMG), Zilliqa (ZIL), the 0x project (ZRX), Kyber Network (KNC), Status (SNT), Golem (GNT), Basic Attention Token (BAT), QuarkChain (QKC), Waltonchain (WTC), District0x (DNT), Pundi X (NPXS), DigixDAO (DGD), Mithril (MITH), Loom Network (LOOM), Storm (STORM), Binance Coin (BNB), SONM (SNM), Gifto (GTO), Civic (CV), True USD (TUSD).
Coinhako has also added wallet support for Stablecoins such as Paxcoin(PAX), USD Coin (USDC) and Dai Stablecoin (DAI); this comes along with the official release ofits latest referral program where users that refer others to the platform will receive 20% of the trading fee for every cryptocurrency trade that the referred user makes.
The platform will add new cryptocurrency and fiat pairs through the year focusing mainly on emerging markets.
Yusho Liu, CEO and co-founder of Coinhako, shared that “Our recent additions to the Coinhako platform not only puts us at the top for variety of cryptocurrency and fiat trade pairings, it also showcases our leading infrastructure and technical expertise of the team. With more cryptocurrency listings and service extensions to other Asian countries in the pipeline, we are certain that Coinhako will play a crucial role in improving access into the blockchain ecosystem in the region.”
Founded in 2014, Coinhako is one of the longest-standing digital token wallet services in the Southeast Asian Region. Established by blockchain industry experts Yusho Liu and Gerry Eng, the firm seeks to improve the access to blockchain technology for daily consumers in Singapore and the greater Asia-Pacific, specifically emerging markets. Headquartered in Singapore, the firm is backed by prominent investors such as Tim Draper and Josh Jones as well as established venture capital firms such as Boost VC.