Crypto Platform Coinhako Adopts Duco’s Services, a Cloud based Data Automation, Reconciliation Service

International provider of Cloud-enabled data automation and reconciliation services, Duco, confirms that digital currency platform, Coinhako, has adopted Duco’s services in order to automate and control its data management, supporting the firm’s growth objectives.

Established in 2014, Coinhako is a platform for access to digital assets like Bitcoin. Headquartered in Singapore, the firm specializes in on-and-off ramp services for crypto-assets with local currencies, and they maintain operations in multiple countries across the APAC region.

As noted by its management, the Coinhako platform was founded by Singaporean entrepreneurs in Silicon Valley, and they’re backed by established investors including Tim Draper, Josh Jones, as well as VC firm Boost VC.

Coinhako is focused on creating an intuitive and seamless way to access a wide range of virtual currencies including Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA), among several others. The Duco platform will aim to automate control reconciliations across all business or company lines internationally in order to assist Coinhako with handling the increasing volumes in cryptocurrency trading and technicalities in their business operations.

Gerry Eng, co-founder of Coinhako, stated:

“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.”

Eng added:

“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.”

Keith Man, Head of Asia Pacific, remarked:

“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.”

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