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Singapore-based crypto exchange Coinhako has launched a digital assets platform for High-Net-Worth Individuals (HNWIs) and institutional investors in response to the increasing amounts of institutional money entering the crypto space.
The new offering, called Coinhako Privé, will provide institutional-grade digital asset and white-glove services, including zero trading fees, support from industry experts and dedicated relationship managers.
Started in 2014, Coinhako has been focused mainly on retail investors up until now. The launch of Privé comes as institutional interest in the crypto space increases rapidly – Coinhako Co-founder and CEO Liu Yusho comments: “Though retail in Singapore remains the driving market force, we have seen a huge increase in interest from institutions and high-net-worth individuals, including our existing customers”.
He adds that “Coinhako Privé will serve a wide range of HNWIs and institutional clients, who are looking to gain exposure to cryptocurrencies or manage digital assets on a reputable platform. This will include accredited investors, corporations, or businesses with a Singapore footprint”.
Coinhako Privé will be accessible only to accredited investors meeting certain criteria, including having at least S$300,000 in annual income, having net personal assets totalling a minimum of S$2 million or net financial assets of S$1 million. Institutional investors also need to be trading more than S$100,000 in crypto annually.
With institutional interest in the crypto space rising, crypto exchanges such as Coinhako are increasingly expanding their offerings to meet the changing demand – at At DeFi Consulting Group, we specialize in helping family offices and other institutional investors understand and gain access to Crypto Assets and Decentralized Finance. Reach out to our team for guidance on how to effectively approach this space.
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