Singapore Crypto Exchange Considers IPO After 500% Trading Growth: Report

Coinhako was launched in 2014 with backing from venture capitalist Tim Draper.

AccessTimeIconJun 30, 2021 at 12:58 p.m. UTC
Updated Sep 14, 2021 at 1:19 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Crypto exchange Coinhako is considering an initial public offering after seeing January-May trading volume 500% higher than for the whole of 2020.

  • The Singapore-based company predicts volume will top $7 billion by the end of 2021, according to a report by Forkast on Tuesday.
  • The exchange has over 300,000 registered users in the city-state, with an average of 150,000 active each month.
  • Coinhako, which was launched in 2014 with backing from venture capitalist Tim Draper, is considering an IPO, Forkast said.
  • "Given how the crypto markets in the U.S. and Europe have developed, we believe it is only a matter of time that the crypto industry in this part of the world will likewise take off," Coinhako CEO Yusho Liu said.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about