Coins.ph, a leading cryptocurrency platform, has recently opened a new office in BGC, highlighting the growing adoption of cryptocurrency in the Philippines. With a strong focus on becoming the country’s top centralized exchange and digital wallet, Coins.ph aims to provide its customers with world-class products and services in the Web3 and blockchain sectors. The Philippines has already shown great interest in digital assets, ranking second in the world in the 2022 Global Crypto Adoption Index by Chainanalysis. In addition, a report by ConsenSys revealed that 76% of Filipinos have some knowledge of NFTs.
Jen Bilango, the Philippines country manager of Coins.ph, expressed her commitment to driving innovation in the country and establishing the Philippines as a player in the global market. She shared that Coins.ph has been attracting interest from international partners who want to list with them, as they offer a wide range of tokens on their platform. Furthermore, Bilango believes that their new office can serve as a hub for international companies to interact with the Philippine community and foster relationships in the Web3, fintech, and blockchain sectors.
Coins.ph introduced Coins Pro, a currency exchange platform that allows Filipinos to trade over 50 cryptocurrencies with the Philippine peso. The platform promises lower fees for trades, with the highest trading fee currently at 0.3% and plans to further reduce it as trading volume increases. To celebrate their recent achievements, Coins.ph is offering zero trading fees for USDT/PHP and USDC/PHP trading pairs on Coins Pro throughout September.
Wei Zhou, CEO of Coins.ph, acknowledges the immense interest and enthusiasm for cryptocurrency in the country despite the bear market since 2022. He believes that when prices stabilize or recover, interest will reignite, and he expects 2024 to be a strong year. Coins.ph’s offerings also include Coins Arcade, a center for Web3 games where players can earn cryptocurrencies. Notably, Coins Arcade provides a built-in Web3 Wallet within the app, simplifying the process for users to collect rewards and ensuring the legitimacy of the games.
Coins.ph has announced plans to go global, forming a partnership with Circle, the issuer of stablecoin USDC, to become a global remittance partner. This move aims to deepen and broaden the adoption of their products, particularly in the remittance industry. Coins.ph has already established operations in Thailand and plans to expand into new markets in the near future, emphasizing their mission to promote an inclusive financial system and drive digital asset adoption worldwide.