November 2021

Coinhako adopts Duco to automate core controls and support growth

Singapore-based cryptocurrency platform Coinhako selects Duco to automate core controls and support growth.

SINGAPORE, 2 November 2021 – Global provider of cloud-based data automation and reconciliation services, Duco, announced today that leading Singapore-based cryptocurrency platform, Coinhako, has adopted Duco’s services to automate and control its data management, supporting the company’s growth plans.

Coinhako is dedicated to building a simple and hassle-free way to access a wide variety of cryptocurrencies including Bitcoin, Ethereum and Cardano, amongst others. The Duco platform will automate critical control reconciliations across all business lines globally to help Coinhako deal with increasing volumes in crypto trading and complexities in their business.

“Coinhako has experienced strong growth amidst the surge in interest in cryptocurrencies. Our trading volume increased more than 1,000% since the start of 2021, compared to the whole of 2020 and we currently host 350,000 registered users in Singapore. It is imperative for us that technology and operations keep up with our business growth and that we minimize operational risk. We also want to deliver the best possible service to our customers, which means that our reconciliation processes have to be timely, accurate and complete. We chose Duco because the solution is quick to implement, it can scale with us and it enables us to be agile both now and in the future”, shared Gerry Eng, co-founder of Coinhako.

Keith Man, Head of Asia Pacific at Duco, added: “We are pleased to be serving the crypto community in Singapore and to work with Coinhako who place such a strong emphasis on trust and data integrity across their business. Duco is seeing an accelerated adoption in the crypto space as firms seek to strengthen governance and compliance to enhanced regulatory demands. Duco aims to make smart data reconciliation the standard for cryptocurrency and payments.”