2020 has been an eventful year for the cryptocurrency industry, presenting the world with an array of cryptocurrency news that will shape the way we deal with our finances for many years to come.
As the oldest homegrown cryptocurrency exchange in Singapore, Coinhako prides itself on being an incumbent player for cryptocurrencies in Singapore. From a single offering of only Bitcoin to Singapore Dollars trading in 2014, we have expanded our service offerings to facilitate trading with a wide range of cryptocurrencies and we strive to continue our position as a key player for access to digital assets in the Greater Asia-Pacific.
With an actively growing user base, we know that customer-centricity is key; which is why we are committed to further expanding our cryptocurrency offerings and further diversifying the number of supported cryptocurrencies on our platform for our customers.
In Q3 2020, we dedicated our resources to review and explore new additions to our existing list of cryptocurrencies.
Here’s a list of cryptocurrencies that are under review for support on Coinhako in the coming months.
- Cosmo (ATOM)
- AAVE (LEND)
- Curve DAO Token (CRV)
- Kyber Network (KNC) – This will be a re-listing for Singapore users, as KNC was previously listed on Coinhako, and is currently available in other countries
- Cardano (ADA)
- Yearn.finance (YFI)
- Synthetix Network Token (SNX)
- Hedera Hashgraph (HBAR)
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The tokens that list on Coinhako are reviewed based on a framework to ensure alignment of our platform with the regulatory requirements of all the country markets we provide our services in.
Since July 2020, we have also expanded our token support to meet the strong demand from users – including some of the hottest DeFi projects this year.
Comprehensive support for all tokens
Coinhako offers comprehensive support for all the cryptocurrencies listed on our platform. Users enjoy the following benefits:
1. Direct Trading with Singapore Dollars (SGD) 🇸🇬
All our supported cryptocurrencies come with SGD trading pairs and are priced against the Singapore Dollar (SGD), and our users will be able to buy & sell tokens when they fund their accounts with SGD through direct bank transfers.
2. Direct Trading with Vietnamese Dong (VNDT) 🇻🇳 **only for Vietnamese users
All our supported cryptocurrencies come with VND trading pairs and are priced against the Vietnamese Dong (VND). Users in Vietnam will be able to buy & sell tokens directly with their local currency.
3. Direct Trading with US Dollars (USD) 🇺🇸
Ever since Coinhako introduced USD Trading on our platform, our Singapore users enjoy double the number of trading pairs. Over 30 SGD and USD trading pairs are available on Coinhako, and users will be able to buy & sell tokens with USD when they fund their accounts with USD with a Stablecoin deposit.
4. Token Swaps (Crypto-to-Crypto Trading)
Coinhako users will also be able to trade their tokens with other cryptocurrencies that are supported in their countries, with our ‘Swap’ function.
5. Safe and Secure Crypto Wallet for All
With our Superwallet feature, Coinhako users can securely send (withdraw), receive (deposit) and store cryptocurrencies.
6. Live Price Charts and Price Alerts
Coinhako users can monitor real-time cryptocurrency prices and have an overview of the token’s performance with our Live Price Charts feature. We’ve also made it easy to monitor prices with our Price Alerts feature, which allows you to set specific targets. You will be notified through the Coinhako app once your token reaches a certain price level.
Will Coinhako be listing more tokens in the future?
The tokens that list on Coinhako are reviewed based on a framework to ensure alignment of our platform with the regulatory requirements in all the country markets we provide our services in.
In Singapore, we constantly review and update our policies to review each protocol to suit the latest local regulatory requirements before adding support for the token for our Singapore users. As the global cryptocurrency landscape matures, we will take a similar approach across all the markets.
We endeavour to ramp up support for an even wider range of cryptocurrencies in the near future and are continuing to explore these opportunities.
Our customers can anticipate the addition of more new assets going forward!
Watch this space for the latest updates!
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All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.