MANILA -Philippines-based Coins.ph launched a new affiliate program for corporate and individual traders, allowing those part of the program to make referrals and have a revenue share for every trade made by those they referred in the cryptocurrency platform.
The Bangko Sentral ng Pilipinas (BSP)-registered platform on Thursday said that affiliates can receive as much as 60 percent commission for every trade made and are also entitled to exclusive benefits, including referral rewards, VIP support and joint marketing campaigns.
“This is the first major community building product release from Coins, as it will reward our users and partners through deeper engagement and involvement,” said Coins.ph CEO Wei Zhou.
The cryptocurrency firm said they have been the go-to platform for Filipinos who want to start their crypto journey in a safe and secure way since they launched in 2014.
The company cited as well that security is a priority in their platform, touting that they are fully regulated by the BSP and is the first ever crypto company in Asia to receive both virtual currency and electronic money issuer licenses from a central bank.
Coins.ph said that they have more than 18 million users in the Philippines today, offering payments and other services.
It has also onboarded over 40 tokens to date, ranging from established cryptocurrencies like Bitcoin and Ethereum to new tokens like Dogecoin, Arbitrum and Pepe.
In July of last year, Coins.ph partnered with Globe Telecom Inc. to introduce a loyalty program aimed at encouraging more Filipinos to trade cryptocurrency, an alternative type of investment that has been gaining traction in the last few years. INQ