List of Licensed Cryptocurrency Exchanges in the Philippines

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The Philippines, known as the third-largest recipient of global remittances, has evolved into a pivotal hub for regulated cryptocurrency exchanges. With a rapidly digitizing population and increasing demand for accessible financial services, the country presents a dynamic environment for Virtual Asset Service Providers (VASPs). These licensed platforms, operating under the supervision of the Bangko Sentral ng Pilipinas (BSP), facilitate seamless crypto-to-fiat and fiat-to-crypto transactions—empowering millions of Filipinos with modern financial tools.

However, the path to sustainable growth hasn't been without hurdles. In August 2022, the BSP imposed a three-year moratorium on new VASP applications to reassess regulatory frameworks and ensure market stability. This pause underscores the importance of understanding which platforms remain active, compliant, and trusted within the evolving landscape.

As of early 2025, here is an updated overview of licensed cryptocurrency exchanges in the Philippines—highlighting key players shaping the future of digital finance.

Active Non-Bank VASPs

Coins.ph (Betur Inc.)

Coins.ph, operated by Betur Inc., stands as a pioneer in the Philippine crypto space. Since securing its VASP license in September 2017, it has become one of the most widely used SEC-licensed crypto trading platforms in the country. The platform supports trading in major cryptocurrencies such as Bitcoin, Ethereum, XRP, and Bitcoin Cash, while also offering remittance services, bill payments, and mobile top-ups.

In 2024, Coins.ph celebrated its 10th anniversary with record-breaking trading volumes through its TradeDesk platform—demonstrating sustained growth and user trust. Its intuitive interface and broad service range make it a go-to choice for both novice and experienced users.

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Bloomsolutions, Inc.

Bloomsolutions, Inc., licensed in May 2018, operates BloomX, a platform designed to enhance cross-border remittances using blockchain technology. It supports over 250 cryptocurrencies, including Ethereum, Bitcoin, and Litecoin, positioning itself as a leading solution for digital asset transfers.

By integrating crypto trading with real-world financial needs, Bloomsolutions exemplifies innovation in the fintech sector—particularly for overseas Filipino workers seeking faster, lower-cost remittance options.

Direct Agent 5 (DA5)

Direct Agent 5, Inc. (DA5), received its VASP license on January 31, 2023. Through its hybrid digital wallet SurgePay, DA5 offers cryptocurrency trading alongside traditional financial services like remittances and bill payments.

Users can trade top digital assets including Bitcoin and Ethereum, benefiting from a secure and compliant platform backed by strong regulatory oversight. As one of the most recently licensed financial service providers in the Philippines, DA5 reflects the growing convergence of crypto and mainstream finance.

Maya Philippines, Inc.

Formerly PayMaya, Maya Philippines transformed into a full digital banking ecosystem after receiving its VASP license on December 31, 2021. The platform now integrates cryptocurrency trading with micro-investments and everyday banking services.

With over 50 million app downloads, Maya has successfully bridged traditional finance and digital assets—making crypto accessible to millions of Filipinos through a single, user-friendly app.

Moneybees Forex Corp.

Moneybees provides over-the-counter (OTC) cryptocurrency transactions via partner outlets and an online trading desk. Licensed in Q1 2020, it enables users to buy and sell Bitcoin, Ethereum, and USDT in physical locations—offering a tangible entry point for those unfamiliar with fully digital platforms.

This hybrid model helps demystify crypto adoption, especially in rural or underserved communities where internet access may be limited.

Philippine Digital Asset Exchange (PDAX)

PDAX is one of the most prominent licensed cryptocurrency exchanges in the Philippines. Authorized in September 2018, it allows users to trade more than 70 digital assets—including Bitcoin, Ethereum, and XRP—using Philippine pesos.

Notably, PDAX powers GCrypto, the crypto investment feature within GCash, significantly expanding retail access to digital assets. In 2022, it launched PDAX Prime, offering advanced trading features and exclusive tokens for premium users.

TopJuan Technologies Corporation

TopJuan Technologies Corporation operates TopWallet, a B2B and B2C hybrid digital wallet that supports cryptocurrency trading and other financial services. Focused on compliance and technological innovation, TopJuan continues to expand its presence across various sectors—from e-commerce to payroll solutions.

Its inclusion among active VASPs highlights the growing role of multi-service fintech platforms in driving crypto adoption.

XenRemit, Inc.

As part of the Xendit Group, XenRemit was added to the BSP’s licensed VASP list on January 31, 2023. It leverages Xendit’s robust payment infrastructure to offer cryptocurrency trading alongside remittance and bill payment services.

This integration enables seamless cross-border transactions powered by blockchain—enhancing efficiency and reducing costs for businesses and individuals alike.

Active Bank VASPs

GoTyme Bank Corporation

GoTyme Bank, a digital bank backed by the Gokongwei Group and Singapore’s Tyme Group, obtained its VASP license in late 2024. Known for high-interest time deposits and USD-denominated accounts, GoTyme is poised to introduce innovative crypto-linked financial products.

Its entry signals a growing trend: traditional financial institutions embracing digital assets to meet evolving customer demands.

Union Bank of the Philippines

Union Bank holds the distinction of being the first local universal bank to receive a VASP license. A trailblazer in fintech integration, it has long championed blockchain initiatives—from launching the country’s first blockchain-based interbank transaction system to exploring tokenized deposits.

Its continued operation as a licensed crypto exchange reinforces the potential for banks to lead in the digital asset revolution.

Inactive or Non-Operational VASPs

Despite initial promise, some VASPs have ceased operations due to regulatory, financial, or operational challenges. As confirmed by the BSP’s January 2025 list:

These closures highlight the competitive nature of the market and the necessity for strong compliance, funding, and long-term strategy—even among early entrants.

A Market Poised for Growth

The Philippines is at a critical juncture in its digital transformation. With half of all payments now digital and remittance flows remaining strong, demand for secure and regulated crypto platforms continues to rise.

Core keywords: licensed cryptocurrency exchanges in the Philippines, regulated crypto exchanges, BSP VASP, crypto trading Philippines, SEC-licensed crypto platform, Philippine digital asset exchange, VASP Philippines, crypto regulation 2025

These keywords reflect user search intent around legitimacy, safety, and accessibility—factors essential for building public trust in digital finance.

👉 Learn how regulated platforms are shaping the future of finance in Southeast Asia.

Frequently Asked Questions

Q: What are the regulated crypto exchanges in the Philippines?
A: Regulated crypto exchanges in the Philippines are licensed as Virtual Asset Service Providers (VASPs) by the Bangko Sentral ng Pilipinas (BSP). Active platforms include Coins.ph, PDAX, Maya Philippines, and Union Bank. Always verify a platform's status on official BSP resources.

Q: Is cryptocurrency trading legal in the Philippines?
A: Yes. Under BSP Circular No. 1108, cryptocurrencies are recognized as virtual assets. Trading is legal when conducted through BSP-registered VASPs or compliant platforms awaiting full licensing under upcoming SEC rules.

Q: How can I identify if a crypto exchange is regulated?
A: Check the BSP’s official list of licensed VASPs, review the exchange’s website for licensing disclosures, or contact BSP/SEC directly. Look for transparency about registration status and compliance practices.

Q: What are the benefits of using regulated crypto exchanges?
A: Regulated platforms offer enhanced security, legal recourse during disputes, anti-money laundering (AML) protections, and greater transparency—reducing risks associated with fraud or insolvency.

Q: Are there any new regulations expected in 2025?
A: Yes. While BSP currently oversees VASPs, the Securities and Exchange Commission (SEC) is finalizing new rules that may expand oversight of crypto asset service providers—potentially harmonizing standards across financial sectors.

Q: Can banks offer cryptocurrency services in the Philippines?
A: Yes. Union Bank and GoTyme Bank are licensed VASPs, demonstrating that traditional banks can legally provide crypto-related services under current regulations.

👉 Stay ahead with insights on emerging crypto regulations and market trends.