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

SINGAPORE – Media
OutReach – 1 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, 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.”