Gerry Eng is a co-founder of Coinhako. He and Yusho Liu founded the Singapore crypto exchange in 2014.
The two joined Adam Draper's Boost VC accelerator, known as Tribe 4, in California. Venture investor Tim Draper put money into the company in 2014. The founders returned to Singapore in December 2014.
In 2021 Coinhako became the first local non-bank exchange to announce in-principle approval from the Monetary Authority of Singapore for a major payment institution licence. In December 2021 the SBI-Sygnum-Azimut fund invested.
The company stayed in business through the 2022 crypto winter and stricter Singapore rules on marketing crypto to retail users. Coinhako is privately held.