Coinhako deploys Duco’s data management on crypto exchange

Rick Steves

In July, Duco appointed Tat Wee Koh as Head of Sales for APAC at Duco to lead the sales and business development efforts in the region. 

R5FX enters Singapore

Coinhako has hired Duco to automate and control the cryptocurrency exchange’s data management.

The Singapore-based digital asset trading platform has selected Duco as way to help Coinhako deal with increasing volumes in crypto trading and complexities in their business.

Duco will automate critical control reconciliations across all business lines at Coinhako, thus improving the exchange’s data management in a pivotal moment for the crypto ecosystem.

Gerry Eng, co-founder of Coinhako, commented: “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”.

Keith Man, Head of Asia Pacific at Duco, commented: “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.”

In July, Duco appointed Tat Wee Koh as Head of Sales for APAC at Duco to lead the sales and business development efforts in the region.

The UK-based fintech provider of data control services continues to expand its across the Asia Pacific and Tat Wee Koh will be detrimental to develop new channels and contribute to the company’s marketing and business strategies.

Duco has supported the growth of their customers and users in Hong Kong, Singapore, Australia and New Zealand, catering to banks, asset managers and fintech companies, which include digital banks and crypto companies.

Tat Wee joins Duco with more than 15 years of experience in technology and sales, having previously worked at Wolters Kluwer and Temenos.


Read this next

Digital Assets

CME Group to launch reference rates and indices on Avalanche (AVAX), Filecoin (FIL), and Tezos (XTZ)

Several leading crypto exchanges and trading platforms will provide pricing data for these new benchmarks, starting initially with Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital.


OneConnect launches operation in ADGM further expanding in Middle East

OneConnect has launched its regional operations in Abu Dhabi Global Market (ADGM), the leading international financial centre of the capital of the UAE, after having worked together on the creation of the ADGM Digital Lab which was launched in April 2021. The ADGM Digital Lab is a marketplace and industry sandbox to encourage the development […]

Industry News

Bitso powers crypto into Via’s payroll platform as remote work triples by 2027

“We are also allowing companies to hire international talent without worrying about administrative issues.”

Retail FX

Vantage partners with FinaCom for external dispute resolution and up to €20,000 protection per client

Vantage has joined the Financial Commission (FinaCom) as a member, thus gaining access to the external dispute resolution body’s range of services and membership benefits, including the unbiased resolution process facilitated by FinaCom, and the protection of up to €20,000 per client, covered by the FinaCom’s compensation fund.

Digital Assets

LMAX Digital onboards Bryan Christian and Cassandra Cox to lead sales

Institutional cryptocurrency exchange LMAX Digital continues to undergo a series of changes in its top ranks as it continues to build its presence globally. Two industry veterans, Bryan Christian and Cassandra Cox, have joined the group as its newest sales directors in Europe and USA.

Digital Assets

Cake DeFi introduces Ethereum Staking with 5% returns

Cake DeFi, a Singapore-based DeFi platform, is launching its Ethereum (ETH) staking service for retail and institutional customers.

Retail FX

FX trading rebounds 405pct at Saxo Bank in September

In a volatile market driven by Russia-Ukraine headlines, FX trading volumes through Saxo Bank have rebounded strongly in September to the highest level in three months.

Retail FX

CMC Markets’ stock climbs as H1 revenue to climb +20%

CMC Markets PLC (LSE:CMCX) shares spiked 5.6 percent to 235p in Thursday’s trading after the firm’s trading update for the first half of its fiscal year 2023 revealed results at the high end of company projections.

Retail FX

Interactive Brokers doubles client accounts to 2 million in 24 months

Electronic brokerage firm Interactive Brokers LLC (NASDAQ:IBKR) said its trading volumes took a slight step back in September, an indication that investor confidence is still fairly mixed over the past few months.