On Friday (March 1st), Tim Draper-backed Singapore-based cryptocurrency exchange Coinhako announced that it had added support for XRP.
Coinhako was originally founded in Silicon Valley in 2014 by Yusho Liu (CEO) and Gerry Eng (CTO), and is backed by well-known angel investors and venture capital firms such as Tim Draper’s Draper Associates and DFJ, Terrence Yang’s Yang Ventures, and Boost VC. It is now based in Singapore, and one of that country’s leading cryptocurrency wallet providers.
On January 8th, Coinhako announced that it had become “the world’s first platform to offer 100 fiat-crypto pairings” with support for “a total of 25 cryptocurrencies for Singapore, Malaysia, Indonesia and Vietnam.” Here is how Coinhako announced the news on Twitter:
Coinhako is the world's first platform to offer 100 fiat-crypto pairings!
💎Thank you @businessinsider for featuring us!
💎Full article here: https://t.co/QqJ0snptjn#cryptocurrency #bitcoin #btc #blockchain #crypto #fintech #singapore #coinhako #indonesia #malaysia #vietnam pic.twitter.com/JYaQVWOK90— Coinhako (@coinhako) January 9, 2019
Coinhako, which at the beginning of 2018 had trading pairs for Bitcoin (BTC) and Ether (ETH), had decided to add support for “Bitcoin Cash(BCH), Litecoin (LTC), Ripple (XRP), Omisego (OMG), Zilliqa (ZIL), the 0x project (ZRX), Kyber Network (KNC), Status (SNT), Golem (GNT), Basic Attention Token (BAT), QuarkChain (QKC), Waltonchain (WTC), District0x (DNT), Pundi X (NPXS), DigixDAO (DGD), Mithril (MITH), Loom Network (LOOM), Storm (STORM), Binance Coin (BNB), SONM (SNM), Gifto (GTO), Civic (CV), True USD (TUSD).”
Yusho Liu, CEO and co-founder of Coinhako, had this to say the time:
“Our recent additions to the Coinhako platform not only puts us at the top for variety of cryptocurrency and fiat trade pairings, it also showcases our leading infrastructure and technical expertise of the team. With more cryptocurrency listings and service extensions to other Asian countries in the pipeline, we are certain that Coinhako will play a crucial role in improving access into the blockchain ecosystem in the region.”
Although XRP was mentioned in the list of supported currencies and implemented on the Coinhako platform, it was pulled back from the release for technical reasons, and it was not until yesterday that it became officially supported:
Thanks for sharing @LeoHadjiloizou. As promised, here is an update about @Ripple #XRP opening up to all users on our platform! pic.twitter.com/3HRgCmpD6G
— Coinhako (@coinhako) March 1, 2019
Coinhako hopes that its support for XRP will help to drive adoption in the Southeast Asia region.
