Fundz

Sg-Based Coinhako Gets Nod For Digital Token Services

RECENTLY ACQUIREDNov 19, 2021

Round Type

Funding Round

SingaporeOtherFinancial ServicesSoftwareLending And Investments

Description

Singapore-based cryptocurrency platform Coinhako has been issued an in-principle approval from the Monetary Authority of Singapore (MAS) to provide digital payment token services, according to an announcement.

Quick answer

Coinhako raised an undisclosed amount in a Funding Round round, dated November 19, 2021. Coinhako is based in Singapore.

How much did Coinhako raise?
Coinhako raised an undisclosed amount in a Funding Round round on November 19, 2021.
What does Coinhako do?
This makes Coinhako the first local non-bank crypto exchange to receive this in-principle approval, the company said. “Coinhako recognised very early on that the industry would move towards regulation,” Collin Cheong,..
Where is Coinhako based and how big is it?
Coinhako is based in Singapore.

Source: Fundz verified event record.

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Company Information

Company

Coinhako

Location

Singapore

About

This makes Coinhako the first local non-bank crypto exchange to receive this in-principle approval, the company said. “Coinhako recognised very early on that the industry would move towards regulation,” Collin Cheong, corporate development director of Coinhako, said, adding that the firm will continue to work to meet MAS’s requirements for a licence. The startup claimed it has seen a 1,000% increase in trading volume in the first eight months of 2021, compared with the whole of 2020.

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Coinhako raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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