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Crypto platform Coinhako selects Duco to automate core controls, support growth

TL;DR

TL;DR Breakdown

  • Coinhacko,Duco partner to automate and control its data.
  • Duco aims to make smart data reconciliation the standard for cryptocurrency and payments.

Global provider of cloud-based data automation and reconciliation services, Duco, announced on Monday that top cryptocurrency platform, Coinhako, has adopted its services to automate and control its data management, supporting the company’s growth plans.

Coinhako is dedicated to building a simple and hassle-free way to access a wide variety of cryptocurrencies including Bitcoin, Ethereum and Cardano, amongst others.

The Duco platform will automate critical control reconciliations across all business lines globally to help Coinhako deal with increasing volumes in crypto trading and complexities in their business.

Coinhako choosing Duco to help maintain its strong emphasis on trust and data integrity shows the accelerated adoption of data reconciliation in the crypto space. This is as firms seek to strengthen governance and compliance in line with enhanced regulatory demands.

The crypto firm has experienced strong growth amidst the surge in interest in cryptocurrencies.
Its trading volume increased more than 1,000 percent since the start of 2021, compared to the whole of 2020 and they currently host 350,000 registered users in Singapore.

Coinhako, Duco speak on integration

“Coinhako has experienced strong growth amidst the surge in interest in cryptocurrencies. Our trading volume increased more than 1,000 percent since the start of 2021, compared to the whole of 2020 and we currently host 350,000 registered users in Singapore. It is imperative for us that technology and operations keep up with our business growth and that we minimize operational risk. We also want to deliver the best possible service to our customers, which means that our reconciliation processes have to be timely, accurate and complete. We chose Duco because the solution is quick to implement, it can scale with us and it enables us to be agile both now and in the future,” shared Gerry Eng, co-founder of Coinhako.

Keith Man, Head of Asia Pacific, added: “We are pleased to be serving the crypto community in Singapore and to work with Coinhako who place such a strong emphasis on trust and data integrity across their business. Duco is seeing an accelerated adoption in the crypto space as firms seek to strengthen governance and compliance to enhanced regulatory demands. Duco aims to make smart data reconciliation the standard for cryptocurrency and payments.”

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Muhaimin Olowoporoku

Muhaimin loves writing on crypto news aside from being a crypto enthusiast. He has a knack for analysing issues and updating people on what's happening around the globe. He believes that blockchain and cryptocurrency are the most useful systems of mutual trust ever devised.

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