Coinhako presses on
Singapore — Global economic outlook has worsened with persistently high inflation and increasingly aggressive quantitative tightening measures. The resulting global sell-off in risk assets in the equities and crypto markets, as well as blows on the commodities industry, is indicative of a bearish market and possibly a pending recession.
Warren Buffett once shared “Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold.” It is during this period that Coinhako is:
- Pressing forward with its hiring plans for strategic roles to bolster teams’ functions
- Operating at full capacity and providing users with complete access to our services and products
Adding on, recent public statements from regulators and granting of in-principle approvals for digital payment token (DPT) licences to crypto firms, is a strong indication that Singapore is showing continual support for the fintech industry. This support is crucial in establishing investors’ confidence and faith in Singapore’s crypto space, and reinforcing Singapore’s position as the financial hub of Asia.
That said, Coinhako believes that it is also crucial for a company to have a strong governance structure, robust business continuity plans, well-documented use of funds, and structured hiring plans, amongst others. This can help build resilience in bearish markets and temper the effects of market slowdowns.
