Enhanced Security And Greater Control With Coinhako

Singapore — 2022’s digital assets industry turmoil—centralized failures, pervasive fraudulent practices, increased regulatory headwinds, and growing macroeconomic concerns—dampened confidence in the market and resulted in the year ending on uncertainty.

Against this bearish backdrop, Coinhako is set to instill confidence in its platform through a two-pronged approach – to provide enhanced security over users' funds and enable them to have greater control of their digital assets portfolio.

Yusho Liu, CEO of Coinhako, shares, “The tumultuous changes in 2022 in the digital assets industry serve as a rallying call for increased security, stability, and control. While some industry participants have adopted a wait-and-see stance, we are proactively empowering and protecting our users by integrating new features and additional security protocols. We believe this will give users greater transparency and control of their digital assets portfolio, foster industry trust, and help curb short-term speculative actions in the crypto space.”

Enhanced Security
An integral part of Coinhako’s commitment to providing secure access to the crypto economy is its ongoing initiatives to be a reliable and trusted partner to its customers. In its journey towards security excellence, Coinhako has established an Information Security Management System (ISMS) to manage security effectively and comply with the industry’s best practices and standards.

As of December 2022, Coinhako successfully passed the ISO/IEC 27001 audit and achieved the certification. This accomplishment demonstrates Coinhako’s dedication to implementing reliable controls to safeguard the confidentiality, integrity, and availability of information entrusted to the company. The certificate also highlights the company’s long-term commitment and systematic approach to identifying, assessing, and managing information security risks.

Taking its next steps towards security excellence, Coinhako is advancing its security commitment by pursuing the System and Organization Controls (SOC) 2 certification. The determination to achieve SOC2 certification is critical as it showcases Coinhako’s uncompromising efforts to protect clients’ data and reflects its ongoing efforts to meet the industry’s highest standards for security and privacy.

Greater Control
“The market has seen a decline in overall confidence, with many clients adopting a cautious yet opportunistic stance. However, we believe in digital assets' long-term potential and have strategically expanded our features and offerings suite. As we head into 2023, our focus is to solidify our business foundation and diversify our services through a multi-phase plan, positioning Coinhako for success as the broader economy and crypto industry stabilize,” says Raghav Sood, VP of Strategy at Coinhako.

On its institutional front, Coinhako is pleased to announce that it has integrated Fireblocks, an industry-leading digital asset custody, transfer, and settlement technology provider, to its platform, connecting Coinhako to the Fireblocks Network Link. Coinhako’s institutional clients can now enforce policy-based controls on their digital assets while retaining seamless and secure access to the deep liquidity and diverse risk-adjusted products and services offered by Coinhako. The integration also brings multiple benefits, including:

• Giving institutional clients full control of their digital assets wallet keys.
• Comprehensive coverage of 40+ blockchains supported by Fireblocks.
• Providing opportunities for institutional clients with access to the broader digital assets ecosystem, such as DeFi, tokenization, and GameFi, through Fireblocks’ integrated services.

Coinhako has also expanded its payment options by supporting PayNow, a widely-used payment method in Singapore. Coinhako’s integration of PayNow is a significant step forward in bridging the gap between cryptocurrency and fiat money and sets its licensed platform apart from others.

Singapore-based users can now utilize near-instant fiat money transfers into their crypto account at no cost, enjoying superior flexibility in participating in the crypto-economy. Access to easy transfers allows Coinhako’s users to be more agile and responsive in making well-informed decisions, and puts them in a better position to adjust their strategies accordingly to achieve their goals.

Additionally, as part of Coinhako’s commitment to giving users greater control over their digital assets portfolio, the platform now allows users to set Recurring Buys on selected crypto tokens. With the option to automate purchases daily, weekly, twice-monthly, or monthly, users have an additional tool to manage market volatility better and adopt a dollar-cost averaging (DCA) strategy in their acquisition of digital assets.

By purchasing fixed amounts at regular intervals, users may be able to avoid extraordinarily high entry prices over the longer term as drastic price swings, which are often associated with the crypto space, may average out over a longer period. Concurrently, recurring buys help to reduce short-term speculation, enabling users to accumulate digital assets over time and build a diverse portfolio without timing the market.

In The Pipeline

Recent challenges and turbulence have impacted the digital asset space, yet the underlying blockchain technology continues to demonstrate its transformative potential. Despite these obstacles, the industry has proven resilient over the past decade. Coinhako is dedicated to supporting its clients to harness this potential and is poised to introduce additional features and improvements to its product and services. In the coming months, Coinhako will offer further enhancements to its trading platform, interface updates to provide richer data insights, and an expanded suite of institutional offerings tailored to meet the needs of institutional and accredited investors.