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Singapore Crypto Exchange Considers IPO After 500% Trading Growth: Report
Coinhako was launched in 2014 with backing from venture capitalist Tim Draper.
Updated Sep 14, 2021, 1:19 p.m. Published Jun 30, 2021, 12:58 p.m.
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Crypto exchange Coinhako is considering an initial public offering after seeing January-May trading volume 500% higher than for the whole of 2020.
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- The Singapore-based company predicts volume will top $7 billion by the end of 2021, according to a report by Forkast on Tuesday.
- The exchange has over 300,000 registered users in the city-state, with an average of 150,000 active each month.
- Coinhako, which was launched in 2014 with backing from venture capitalist Tim Draper, is considering an IPO, Forkast said.
- "Given how the crypto markets in the U.S. and Europe have developed, we believe it is only a matter of time that the crypto industry in this part of the world will likewise take off," Coinhako CEO Yusho Liu said.
Read more: Singapore-Listed Blockchain Firm Buys Crypto Staking Platform Moonstake
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Abu Dhabi wealth funds bitcoin ETF holdings topped $1 billion at end of 2025
Both Mubadala Investment Company and Al Warda Investments lifted investments in BlackRock's iShares Bitcoin ETF (IBIT) in the fourth quarter.
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- Two major Abu Dhabi investment firms, Mubadala Investment Company and Al Warda Investments, increased their holdings of BlackRock’s iShares Bitcoin Trust (IBIT) in the fourth quarter of 2025 as bitcoin’s price fell.
- Mubadala lifted its IBIT stake to 12.7 million shares and Al Warda to 8.2 million shares.
- Together, they held a combined position that exceeded $1 billion at the end of 2025 but has since declined to just over $800 million amid further bitcoin losses in 2026.
