How many crypto exchanges are there in the Philippines?

The number of approved cryptocurrency exchanges has been growing in the Philippines. In addition to 11 operators registered by the central bank, the Bangko Sentral ng Pilipinas, there are 37 other crypto exchange operators licensed by the government-owned Cagayan Economic Zone Authority. 11 Crypto Exchanges Registered With Central Bank

Which centralized crypto exchanges can you use in the Philippines?

Here is a list of five of the top centralized crypto exchanges that you can use in the Philippines, and sorted by monthly visits based on Similarweb data: Binance, Coins.ph, Bybit, KuCoin, and PDAX. Philipines ranks 6th in Chainalysis’s 2023 crypto adoption index. In 2023, P2P trading volume in the region jumped by 40%.

Who regulates cryptocurrency exchanges in the Philippines?

The BSP regulates cryptocurrency exchanges nationally as Virtual Asset Service Providers (VASPs), while the Philippines Securities and Exchange Commission (SEC) laid down guidelines to oversee digital asset offerings (DAO) and digital asset exchanges (DAX) in 2022 but halted this process with the collapse of the influential FTX platform.