Coins.ph
| Founded | 2013 |
Coins.ph is a Philippines-based digital asset exchange and payment platform founded in 2013.[1] It allows users to buy, sell, and use Bitcoin[2] and other cryptocurrencies, and also supports cross-border remittances into and out of the Philippines using blockchain rails. The platform operates as a licensed virtual currency exchange regulated by the Bangko Sentral ng Pilipinas.[3] It takes as a mission to improve lives of millions through Bitcoin and blockchain technology.
Ownership & Leadership
In April 2022, Coins.ph was acquired by Joffre Capital and Wei Zhou.[4] Since then, Ding’an Fei has served as Chairman of the platform.[5] Wei Zhou has served as CEO of Coins.ph.[6]
Services
Coins.ph provides cryptocurrency services tailored for the Philippines:
- **Buy Bitcoin in the Philippines** – Users can purchase Bitcoin with local currency through bank transfer, mobile money, or cash-in at convenience stores and pawnshops.
- **Sell and trade crypto** – The platform supports Bitcoin and other major cryptocurrencies, with instant exchange into pesos.
- **Bitcoin wallet** – A custodial wallet allowing users to store, send, and receive BTC.
- **Cross-border remittances** – Blockchain-based remittance rails for Filipinos abroad to send money back home.
- **Bills and payments** – Coins.ph integrates Bitcoin usage with everyday financial services, allowing users to pay bills, buy mobile load, and transfer money.
Regulation
Coins.ph is one of the first cryptocurrency exchanges in Southeast Asia licensed by the Bangko Sentral ng Pilipinas (BSP) to operate as a Virtual Currency Exchange (VCE).[7] The license ensures compliance with Philippine anti-money laundering and consumer protection laws.
Fees
Coins.ph applies transaction fees and spreads on buy/sell crypto trades, along with nominal service fees for bill payments and transfers. Exact rates may vary depending on funding method and crypto asset.
Founders
- Ron Hose (Co-Founder, CEO until 2020)
- Runar Petursson (Co-Founder, CTO)
See Also
External links
References
- ↑ https://manilastandard.net/business/it-telecom/314221309/joffre-capital-finalizes-acquisition-of-coins-ph.html
- ↑ https://bitcoin.org/en/
- ↑ https://www.reuters.com/article/us-philippines-coins-idUSKBN19L0D4
- ↑ https://manilastandard.net/business/it-telecom/314221309/joffre-capital-finalizes-acquisition-of-coins-ph.html
- ↑ https://www.forbes.com/sites/elizabethmacbride/2023/11/21/using-ai-investingcom-aims-to-be-the-bloomberg-of-retail-investing/
- ↑ https://consensus-hongkong2025.coindesk.com/agenda/speaker/-wei-zhou
- ↑ https://www.reuters.com/article/us-philippines-coins-idUSKBN19L0D4