High-net-worth individuals and institutions wary of digital trading risks may now have a secure platform that wins their confidence.
To instil crypto confidence in a wider demographic through channels that appeal to institutional and individual interests, a cryptocurrency trading platform is addressing high-net-worth individuals (HNWI) and institutions.
The platform, Privé is touted to be outfitted with the best-in-class security solutions in the digital assets and financial services space to ensure that assets are “always safe”.
Members will gain access to competitive real-time pricing and flexible trading sizes, instant Request for Quotes (RFQs), 24/7 settlement processes, 24/7 access to trading history; and API trading which they can use to execute high performance cryptocurrency trades. They can also access institutional-grade digital asset services and white glove services such as a dedicated relationship manager, personalized support from industry experts, and zero trading fees.
According to Yusho Liu, co-founder and CEO, Coinhako, the Singapore-based firm that owns the platform, institutions and HNWIs are very interested to trade in crypto, but many lack the understanding to do so: “We have developed Coinhako Privé to provide a more personalized hi-touch service to best serve this customer base. Security is a top priority. We are regularly audited by third-party security firms, utilize multi-signature (protocols) to authorize transactions and hold a significant amount of assets offline.”
To qualify as accredited investors, applicants must have a minimum of S$300,000 in annual income or two million in net personal assets, or one million in net financial assets. Institutions that invest S$100,000 or above in annual crypto trading volume are also a target audience.
Institutions offering crypto services to their own clients will be able to use Privé to ease management of client settlements and trade requests alongside their own in a single location, add multiple bank accounts to handle settlements in different currencies, and manage crypto addresses for different tokens.