MANILA, Philippines —Local cryptocurrency exchange Coins.ph, continues with its global rollout as it taps into European and Latin American markets where digital assets are well-received by investors.
Now with over 18 million users, the platform’s expansion into new territories came after having recently secured licenses to operate in Australia and in Africa.
“By securing licenses across various continents, we uphold our pioneering spirit in delivering regulated and compliant digital asset services, a legacy we’ve proudly established in the Philippines,” Coins.ph CEO Wei Zhou said in a statement.
READ: Coins.ph expanding into Australia in 2024
These latest efforts to establish a footprint in Europe and in Latin America is seen to bode well for the crypto firm given the wide adoption of such digital assets in those markets of expansion.
A recent survey by Binance, a global crypto exchange, showed that 73 percent of European crypto investors were optimistic about the future of cryptocurrencies, with over a third saying they were investing for long-term trading.
Crypto adoption
Meanwhile, a study by blockchain research firm Chainalysis noted that three Latin American countries—Brazil, Argentina and Mexico—were included in the top 20 in terms of global crypto adoption.
“Our vision as we expand globally is to bridge the gap between the fiat world and the emerging digital asset economy,” Zhou added, referring to traditional currencies also known as fiat money.
READ: Affluent sets fresh wave of interest in cryptos
The company’s clientele includes digital asset natives, import-export enterprises, remittance providers and e-commerce merchants.
TradeDesk offers a variety of digital assets such as USDT, USDC, BTC and ETH. It also supports trading for foreign currencies including US dollar, euro, British pound sterling, Singapore dollar, Australian dollar and other major fiat currencies. INQ