by Rhyll Neri, Correspondent
Local cryptocurrency exchange Coins.ph is broadening its horizons, venturing into the regions in Europe and Latin America where investors show keen interest in digital assets.
With a network boasting over 18 million members, the platform recently acquired licenses to operate in Australia and Africa, facilitating its expansion into new territories.
Wei Zhou, CEO of Coins.ph, emphasized the significance of obtaining licenses across different continents, underscoring the company’s commitment to providing regulated and compliant digital asset services, a reputation solidified in the Philippines.
The company’s recent foray into Europe and Latin America is poised for success, given the widespread popularity of digital assets in these regions.
A recent survey by Binance, a global cryptocurrency exchange, revealed that 73% of European cryptocurrency investors are optimistic about the market’s trajectory, with over one-third opting for long-term investment strategies.
In Latin America, Brazil, Argentina, and Mexico stand out as top adopters of cryptocurrencies globally, according to a report by blockchain research firm Chainalysis.
Zhou highlighted the company’s mission to bridge the gap between traditional fiat currencies and the evolving digital asset economy as it expands internationally.
Coins.ph caters to a diverse clientele, including digital asset natives, import-export businesses, remittance providers, and e-commerce merchants.
The platform currently offers a variety of digital assets such as USDT, USDC, BTC, and ETH on its TradeDesk, facilitating trading in major fiat currencies like the US dollar, euro, British pound sterling, Singapore dollar, Australian dollar, and others.
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Disclaimer: This article is for news and informational purposes only and should not be construed as financial or investment advice or an endorsement of any cryptocurrency or platform. Crypto-assets are highly speculative and involve significant risks. Readers should verify the regulatory status of crypto service providers with the BSP and the SEC before making any investment or transaction.
