From bitcoin reaching a new all-time high (or “going to the moon” in crypto speak, to describe a price increase of a digital asset) to China’s ban on cryptocurrency, the year 2021 was eventful for the crypto industry—and this is on top of rising global interest in DeFi (decentralised finance) systems, NFTs (non-fungible tokens), Web3 and the metaverse.
Homegrown crypto platform Coinhako, which is among the longest-standing platforms in the Asia-Pacific region, reported a stellar year of growth with a total trading volume of approximately $7 billion in 2021—a 1,200 per cent increase from the previous year. In the same period, the company saw a 522 per cent year-over-year growth when it comes to account openings, and by year-end its total registered users more than doubled to almost 400,000 as compared to
