Coins.ph Announces Record Volumes in November
The following is a press release submitted by Coins.ph to BitPinas:
Manila, Philippines — November 26, 2024 — Coins.ph, the Philippines’ most trusted and innovative cryptocurrency exchange, has shattered its records for trading volume and user growth this November recording over 10 times its trading volume compared to the same period last year.
Riding on Bitcoin’s historic surge to new all-time highs, Filipinos are returning to the crypto market in droves, and Coins.ph is leading the charge with its unrivaled features, ease of use, and commitment to financial empowerment.
With seamless peso-to-crypto transactions, easy cash in and out powered by Instapay and PESONet, an extensive range of PHP trading pairs – now at over 120, and beginner friendly swaps between peso and crypto, Coins.ph has redefined convenience and access for crypto traders in the Philippines.
As the only BSP licensed exchange offering various trading products such as spot and convert, and deep integration with the local financial ecosystem, Coins.ph continues to set the benchmark for crypto platforms in the country.
A Financial Powerhouse Going Global
November marks a turning point for Coins.ph as the company reaches its strongest financial position ever, bolstered by record-breaking growth and its steadfast commitment to innovation. Beyond the Philippines, Coins.ph is charting a path to global dominance. Next week, the exchange’s global platform Coins.xyz will officially launch in Australia, followed by an entry into the Brazilian market next month, signaling its evolution into a world-class crypto powerhouse.
“Coins.ph has become synonymous with trust, innovation, and excellence. As Bitcoin makes headlines worldwide, we are proud to provide Filipinos with the best platform to capitalize on this historic moment,” said Wei Zhou, CEO of Coins.ph. “I want to congratulate our users who bought and hodled Bitcoin on Coins.ph since 2016. You are true pioneers in this space, and we will continue to support more users on their Bitcoin journey,” Zhou added.
The Most Trusted Exchange, Licensed and Secure
Unlike offshore exchanges which have come under scrutiny recently, Coins.ph operates under the oversight of the Bangko Sentral ng Pilipinas (BSP), ensuring full regulatory compliance. All customer funds are backed 1:1 in cold wallets, offering unparalleled security and trust. This solid foundation has earned Coins.ph its reputation as the Philippines’ most trusted and reliable exchange.
In a market crowded with options, Coins.ph rises above the rest with its superior product suite. From fiat integration to advanced trading features, the platform delivers a seamless experience in and around crypto.
Breaking Barriers with PHPC and Innovation
This year, Coins.ph launched the game-changing Philippine Peso stablecoin (PHPC), a fully-backed digital asset that bridges traditional finance and crypto. PHPC is revolutionizing cross-border transactions and more, paving the way for faster, more cost-efficient solutions for businesses and individuals alike.
But Coins.ph isn’t stopping there. With new product launches and expanded services on the horizon, the company is set to redefine what’s possible in the crypto and financial sectors, unlocking even more revenue streams for the company and earning opportunities for its users.
The Platform of Choice for Filipinos And Beyond
As Bitcoin smashes records, Filipinos are choosing Coins.ph as their trusted partner in navigating the exciting world of crypto. With the best peso-to-crypto features, global expansion underway, and cutting-edge innovations like PHPC, Coins.ph is not only the leader in the Philippines but a rising global contender.
Coins.ph isn’t just keeping up with the crypto revolution—it’s driving it and taking the Philippines along for the journey.
“We are taking the Coins.ph experience to the world showing the best of what the Philippines has to offer. With a strong capital position to expand globally, and historic growth locally we are well positioned to be a leader not just here in the Philippines, but internationally as well,” said Zhou.
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About Coins.ph
Coins.ph is on a mission to power the new internet with easy access to digital assets and web3 products. Launched in 2014, Coins.ph is the most established crypto brand in the Philippines and has gained the trust of more than 18 million users. Through the easy-to-use mobile app, users can buy and sell a variety of different cryptocurrencies and access a wide range of financial services.
Coins.ph is fully regulated by the Bangko Sentral ng Pilipinas (BSP) and is the first ever crypto-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.
This is a press release submitted to BitPinas: Coins.ph Shatters Records in November as Filipinos Flock Back to Crypto Amid Bitcoin’s All-Time High