Coins.ph, the leading Bitcoin and cryptocurrency exchange in the Philippines, said it hit a record P8 billion in trading volume for its over-the-counter (OTC) service TradeDesk in January 2024.
Coins TradeDesk provides the best foreign exchange (FX) and cryptocurrency services for businesses, financial institutions and high-net-worth individuals.
A licensed fintech provider by the Bangko Sentral ng Pilipinas (BSP), Coins Tradedesk enables its clients to achieve unparalleled speed and efficiency in their commercial dealings.
Seagulls, a company which helps mobile users send credit and settle bills effortlessly across 100 countries worldwide, leveraged on the expertise of Coins TradeDesk.
“Using Coins.ph’s TradeDesk has been a factor for our success. The real-time settlement and efficiency we’ve achieved through this has allowed us to expand our reach and offer even better value to our customers,” said Seagulls representative Jayro Franco.
Through Coins TradeDesk, Seagulls has real-time settlement of cross border FX transactions using USDC, a stablecoin pegged 1:1 with the US dollar.
This streamlines their operations and allows the company to execute transactions seamlessly and cost-effectively to and from anywhere in the world.
Coins Tradedesk’s institutional liquidity and competitive pricing empower Seagulls with significant cost reductions that are passed on to their customers.
“How Coins TradeDesk empowers Seagulls to achieve efficiency and speed in the latter’s business operations is exactly what we want to bring to other businesses in the Philippines. Digital assets such as stablecoins allow faster and cheaper settlement across borders and we see this being adopted more and more by businesses in the future,” said Coins.ph CEO Wei Zhou.