BSP-Licensed Crypto Exchange Coexstar Relaunches

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Coexstar, the cryptocurrency exchange by ABA Global Philippines Inc. (AGPI), announced that the platform is set to have its grand relaunch this upcoming August 27th at Bonifacio High Street Amphitheater, Taguig.

ABA Global Philippines, Inc., under the trade name of Coexstar, obtained a license to operate as a cryptocurrency exchange from the Banko Sentral ng Pilipinas last March 2019, making it the first Korean firm to run a virtual currency exchange platform in the Philippines.

“AGPI is also registered with the Securities and Exchange Commission (SEC) as mandated by law,” the firm noted.

Moreover, the platform highlighted that they also allow Overseas Filipino Workers (OFW) all over the globe to utilize the platform by sending virtual assets with lower transaction costs.

Further, Coexstar plans to establish a “one-click total platform for producers and consumers to coexist by integrating the production, manufacture, and distribution of eco-friendly agricultural, livestock, and fisheries products into a blockchain.”

In line with this, AGPI formed partnerships with platforms such as venture capital firm First Shoshin Holdings, UnionBank, GCOX, CELO, and Cedars Group.

“AGPI aims to continue expanding our partnership with different companies to provide the best service possible to our users,” the company stated.

Coexstar was officially launched in October of 2019 —also at BGC, Taguig— operating as a ‘PESO’ market on the exchange to provide trading services for the Philippines. Initially, the platform made the trading of 10 of the world’s famous cryptocurrencies such as Bitcoin and Ethereum. (Read more: COEXSTAR.PH Officially Launches Cryptocurrency Exchange Platform, Now Open For Trading)

However, following the economical impact of the global pandemic due to COVID-19, the operations of Coexstar was halted temporarily. In June 2020, it resumed its operation and added more cryptocurrency trading pairs.

This article is published on BitPinas: BSP-Licensed Crypto Exchange Coexstar Relaunches

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.

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