The Market Monitor Minding the Nation's Business
Coins.ph announced that the Bangko Sentral ng Pilipinas (BSP) has granted it an Advanced Electronic Payment and Financial Services (EPFS) license covering the operation of the Coins Pro exchange.
The said license is a key enabler for Coins Pro. Coins Pro users can buy and sell digital currencies at larger volumes and for lower fees. Users can place market, limit, and stop-limit orders across more than P20 spot trading pairs, making it the market’s most complete crypto exchange offering.
The BSP also granted Coins.ph a Virtual Asset Service Provider (VASP) license, an Electronic Money Issuer (EMI) license, and a Remittance and FXD/MC license. Coins observe strict compliance with all applicable rules and regulations and are trusted by more than 18 million users to serve as the gateway between Web2 and Web3.