Coins.ph is positioning itself as a major competitor to traditional Philippine banks by launching institutional-grade foreign exchange services with spreads as low as 2 basis points.
The digital asset platform is leveraging its Bangko Sentral ng Pilipinas licenses to offer a 0.02 percent spread on major G10 currency pairs including USD/PHP, USD/EUR and USD/JPY.
The new rate undercuts the 10 basis points typically offered by major local banks to institutional clients and the 80 to 90 basis points usually charged to retail customers. By targeting the corporate sector, the platform allows for unrestricted transaction volumes to accommodate large-scale fund movements and treasury operations.
The service requires a minimum trading volume of $20,000. For corporate finance desks, the shift to a 0.02 percent spread is intended to provide substantial savings for quarterly treasury management and cross-border payments. The platform aims to solve traditional banking friction by offering near-instant settlement, whereas legacy systems often take several days to finalize transactions.
To mitigate market volatility, the company provides next-business day spot hedging capabilities. This allows institutional partners to lock in exchange rates and manage inventory risk more effectively than through traditional retail channels.
The expansion is supported by a comprehensive suite of central bank licenses, including authorizations for foreign exchange, remittance and transfer, and money changing. These certifications allow the firm to operate as a regulated institutional partner capable of handling multi-million-dollar currency exchanges alongside its existing digital asset services.
“We are not just participating in the financial world; we are operating within the highest standards of compliance,” Coins.ph chief executive Wei Zhou said.
Zhou noted that holding key licenses ensures every transaction is secure and regulated.
Zhou said the 2-basis-point spread leverages regulated agility to deliver cost efficiency. He said the move affirms the commitment of the company to provide deep liquidity and competitive pricing as a financial bridge in the region.
The platform manages exposure across the world’s most traded G10 currencies. By combining digital asset custody with traditional currency exchange, the firm seeks to transition from a consumer-focused app to a full-scale financial intermediary.
