- Coins.ph’s TradeDesk service has surpassed $1 billion in trading volume year to date.
- TradeDesk caters to high-net-worth individuals and institutional clients for seamless over-the-counter trading of cryptocurrencies and foreign currencies.
- It is a digital asset trading platform that offers a wide range of cryptocurrencies and foreign currency exchange.
Coins.ph, a locally licensed digital asset exchange, announced that its TradeDesk service has surpassed $1 billion in trading volume year to date.
TradeDesk is an over-the-counter service for high-net-worth individuals and institutional clients seeking to trade cryptocurrencies and foreign currencies.
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TradeDesk Trading Volume
In a press release, Coins.ph highlighted that since the service’s launch in November 2022, TradeDesk has experienced remarkable expansion, achieving notable milestones in user growth and transaction volume.
Accordingly, the firm highlighted that with growing interest in cryptocurrency from both retail and institutional investors, TradeDesk is poised to surpass its current growth trajectory in the years ahead.
“Exceeding the $1B threshold this year is a testament to the superior experience TradeDesk provides to our customers, and signifies the trust our growing user base has in Coins.ph.”Wei Zhou, CEO, Coins.ph
Zhou also noted that the customers of TradeDesk value the platform “for its tailored trading experience, supported by dedicated account managers promptly addressing queries and providing quotes.”
“We offer competitive rates without slippage – the quoted rate is the rate you secure. Once confirmed, we lock this in and provide fast settlement for our customers,” Zhou added.
What is TradeDesk?
TradeDesk is designed for Level 3 verified users and facilitates high-volume trades with a minimum amount of ₱1 million. The platform provides seamless over-the-counter trading for cryptocurrencies and foreign currencies, boasting competitive spreads and rapid execution.
TradeDesk serves digital asset natives, import-export firms, remittance providers, and e-commerce merchants, offering institutional liquidity and minimizing friction costs. With same-day settlement support, TradeDesk ensures swift and efficient cross-border transactions.
TradeDesk is a digital asset trading platform that offers a wide range of cryptocurrencies, including USDT, USDC, BTC, ETH, and more. The platform also offers foreign currency exchange, including USD, EUR, GBP, SGD, AUD, and other major fiat currencies.
It enables frictionless transactions with support for various modes of payment, including banks, e-wallets, and Coins.ph’s own wallet.
Recent Coins.ph News
Recently, Coins.ph started supporting $PYUSD, PayPal’s USD-pegged stablecoin, to promote blockchain technology for cross-border transfers. The exchange is waiving trading fees for the PYUSD/PHP trading pair, allowing its 18 million Filipino users to seamlessly send and receive cross-border transfers.
Moreover, the platform also unveiled new web dashboard features for easy navigation, providing real-time market data, price charts, buy and sell options, and a portfolio overview. Additionally, it integrates educational resources from Coins Academy.
The firm also tapped web3 content creator, Kookoo Crypto Tv, for Kooks2Go to provide educational content, build community, and help Filipinos navigate the complexities of the crypto space.
Earlier this month, Coins.ph suffered a data breach, notifying users via email that personal data, including names, contact details, birth dates, hashed passwords, and IDs, may have been compromised. Global Marketing Director Kat Gonzalez clarified that only a small percentage of users were impacted.
In October, the platform also experienced a potential security breach leading to the theft of around $6 million worth of XRP. Chainalysis, a blockchain analysis firm, has identified and labeled the compromised funds, enabling customers to track their movement. The exchange has not issued any official comments on the incident.
This article is published on BitPinas: Coins.ph Service TradeDesk Exceeds $1B Trading Volume in 2023
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