Coins.ph is stepping up its challenge to traditional banks by tightening its foreign exchange spreads to as low as 2 basis points (0.02%) across major global currency pairs, positioning the BSP-regulated platform as a lower-cost alternative for corporate and institutional clients in the Philippines.
The digital asset platform said the new pricing applies to major G10 currency pairs, including USD/PHP, USD/EUR, and USD/JPY, bringing its FX offering closer to institutional-grade standards typically seen in global markets.
By comparison, most Philippine banks offer FX spreads of around 10 basis points for institutional clients and as wide as 80 to 90 basis points for retail customers.
The move signals Coins.ph’s broader push beyond crypto trading into regulated foreign exchange services, as competition intensifies in cross-border payments, treasury management, and corporate FX transactions.
Targeting large-volume corporate flows
Coins.ph said its FX offering is designed for corporates and institutions that require capacity for large fund movements, with no maximum transaction limits and a minimum trade size of US$20,000.
At a 2-bps spread, the platform said cost savings can be significant for companies managing quarterly treasury operations, global supply chains, or recurring cross-border payments, where FX costs quickly add up at scale.
By supporting trades across the world’s most actively traded currencies, the company aims to provide Philippine firms with more efficient access to global markets without relying solely on traditional banking rails.
Faster settlement, lower risk exposure
The company said its ability to offer tighter spreads is supported by its infrastructure, particularly faster settlement and risk management capabilities.
Unlike conventional bank FX transactions that can take days to settle, Coins.ph said it offers near-instant settlement, allowing institutions to access funds immediately after trades are executed. This reduces liquidity constraints and market risk, especially for high-volume treasury operations.
Coins.ph also offers next-business-day spot hedging, allowing the platform to manage inventory risk and lock in exchange rates amid currency volatility.
Backed by BSP licenses
Coins.ph said its expansion into institutional FX is anchored on its multiple licenses from the Bangko Sentral ng Pilipinas, including authorizations for Foreign Exchange (FX), Remittance and Transfer (RTC), and Money Changing (MC).
These licenses allow the company to operate beyond digital assets, handling both crypto and traditional currency transactions within the BSP’s regulatory framework.
“We are not just participating in the financial system; we are operating within the highest standards of compliance,” said Wei Zhou, chief executive officer of Coins.ph. “Holding key BSP licenses ensures that every digital asset and fiat transaction conducted through Coins.ph is secure, regulated, and trustworthy.”
Zhou said the tighter spreads reflect how the company is using its regulatory footing and technology to deliver institutional-level pricing.
“By offering a 2-basis-point spread on G10 pairs, we are delivering institutional-grade cost efficiency and deep liquidity,” he said. “This reinforces Coins.ph’s role as a trusted and versatile financial bridge for both digital assets and traditional finance.”
As Philippine firms continue to expand overseas and manage increasingly complex cross-border flows, Coins.ph’s move underscores how fintech platforms are encroaching on areas long dominated by banks — particularly in foreign exchange, payments, and treasury services.
