Singapore’s crypto exchange Coinhako is hiring to expand its presence in the Southeast Asian market

In an interview, Collin Cheong, director of corporate development, said Coinhako is hiring “aggressively” in areas such as institutional sales and trading as it seeks to increase business with larger firms and high-net-worth investors, as reported by Bloomberg.

During the interview, Cheong highlighted that more forward-looking institutions will see this market downturn as an opportunity to get involved in the digital asset space by either investing in the asset class itself or building the necessary infrastructure to support the next step up in digital asset adoption.

Cheong also revealed in the interview that Coinhako’s institutional subsidiary has seen more activity and interest from clients such as asset management firms and family offices based in Asia looking to access digital assets.

Thus, Coinhako aims to grow in Southeast Asia and then further broadly throughout the region, he said.

This month, many crypto exchanges such as Coinbase, Crypto.com, Swyftx and Hodlnaut are laying off their staff due to vulnerable financial health caused by deeply volatile market conditions.

There is an illiquidity crisis that many cryptocurrency exchanges are facing after the collapse of TerraUSD and Luna followed by the collapse of the hedge fund Three Arrows Capital (3AC).

However, Coinhako is not alone in defying the layoff trend in the crypto market, other companies such as Binance and CryptoQuant are also adding jobs.

Coinhako was established in 2014 and is one of the most recognized wallets in Asia.

Coinhako was created with a simple value proposition – to create an easy and hassle-free way to access Bitcoin. Over the years, the exchange has expanded this to provide access to a wide selection of digital assets. The company aims to provide access to the crypto economy across Asia.

Coinhako is widely recognized as one of the easiest platforms for retail buyers, with robust features, user-centric design and uncomplicated trading processes, to provide secure and seamless access to a wide variety of cryptocurrencies. Coinhako is available in web browsers, App Store and Google Play store.

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