“Can a MAS-licensed crypto exchange become the dominant regulated on/off-ramp and digital asset platform for Southeast Asian retail and institutional investors?”
Founded in 2014 as one of Singapore's earliest retail crypto exchanges, Coinhako evolved from a basic Bitcoin buy/sell platform into a multi-asset trading and wallet platform serving retail, high-net-worth, and institutional clients across Southeast Asia. A key inflection point came in 2021 when it became the first non-bank crypto platform in Singapore to receive MAS in-principle approval under the Payment Services Act, unlocking regulated DPT and cross-border remittance services. The company layered embedded fiat wallet infrastructure via MatchMove and acquired SOC 2 certification to position itself as an institutional-grade venue. It now operates as a MAS-licensed Major Payment Institution with a focus on crypto on/off-ramp services.
Coinhako discloses MatchMove as its banking provider, according to the Embedded Finance Index 2026.
Coinhako does not disclose a bank charter of its own; its banking services are provided through MatchMove.
Coinhako processes payments through Checkout.com and MatchMove.
Coinhako uses MatchMove for FX and cross-border payouts.
Coinhako's crypto products run on Talos.
The Embedded Finance Index 2026 maps 4 layers in Coinhako's stack: Payments / PSP (Checkout.com and MatchMove); Banking / BaaS (MatchMove); FX & payouts (MatchMove); Crypto (Talos).
Coinhako was founded by Yusho Liu and Gerry Eng and is founded in 2014, headquartered in Singapore.
Coinhako has raised $10.0M in total (latest round: unknown).
Get a read on where your own stack stands against Coinhako and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.