Coinhako, a Singapore-based bitcoin wallet service provider and exchange platform, plans to raise a round of funding as the startup eyes further expansion in the Southeast Asian region. The move follows the company’s launch in Malaysia in June, where it has already noticed “expeditious growth,” according to Gerry Eng, CTO of Coinhako.
With the launch of its new mobile app earlier this month and an upgraded website, Coinhako aims at expanding to up to five countries in Southeast Asia by 2018, co-founder Yusho Liu told CoinJournal. “We are still in the midst of evaluating and discussing with out local partners for market entries,” Liu said, adding that Indonesia was among the company’s top priorities.
Furthermore, the company is working towards integrating other digital currencies, including Ethereum which it plans to have ready by Q1 2017.
The platform has transacted more than S$100 million (US$72 million) worth of bitcoins so far with “a healthy…