Coinhako, a Singapore-based bitcoin wallet provider today announced that it will be adding support for ether (ETH). Users can now buy, sell and store ETH in Singapore and Malaysia.
Ether tokens are the native coin and payment fuel of Ethereum, the decentralized blockchain platform to run smart contracts not operated by any institutionalized bank or government. ETH has vaulted to number 2 behind bitcoin in market capitalization and popularity, now with a market value of over USD $8 billion at time of writing.
CoinHako.com is a bitcoin wallet service that aims to provide easy and reliable access to bitcoin and as of today ether for users in Asia. The company was the first bitcoin startup in Asia to be selected by Silicon Valley-based incubator Boost VC.
The company is reported to have processed more than SGD $350 million in transactions since its founding.
The service is locally based as it only allows for users to buy in Singapore and Malaysia with local currency, but has made notices in the past they are looking to expand to other Asian countries.