Manila, Philippines – Digital finance service Coins.ph has recently unveiled its plans to accelerate its global expansion efforts, eyeing to enter the Australian market in 2024.
This announcement comes after Coins.ph’s Australian arm successfully acquired an ‘AUSTRAC’ (Australian Transaction Reports and Analysis Centre) Digital Currency Exchange registration required for providing cryptocurrency exchange services in Australia.
Furthermore, this strategic action emphasises the homegrown company’s commitment to broadening its reach internationally and bolstering the availability of regulated and compliant digital asset services.
This expansion also marks a significant milestone in the company’s global journey, as the service will be catering to the growing Australian crypto market, as well as to Filipinos who are overseas in Australia, who can now look forward to a more connected financial experience that bridges their lives down under with their roots in the Philippines.
Talking about these expansion plans, Wei Zhou, CEO of Coins.ph, commented, “Coins.ph is primed for global expansion. Our journey began nearly a decade ago in the Philippines and since then, we’ve onboarded 18 million customers and expanded our services in both the digital asset exchange business and in e-wallet services.”
“Our team has top-tier talents with global experience in this industry. We’re thrilled to bring these capabilities to new markets.” he added.
