Coins.ph trading volume soars to $500 million

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February 18, 2026 | 12:00am

MANILA, Philippines — Digital asset exchange Coins.ph reported a 327-percent surge in monthly spot trading volume, breaching the $500 million mark in November 2025 as stablecoins gained wider use in cross-border payments and corporate transactions.

Based on the company’s most recent data, November spot trading reached $500 million, or about P29.4 billion, nearly four times higher than the $117 million recorded in the same month in 2024.

The platform also posted a new milestone last week, hitting an all-time high of $50 million in daily spot trading volume, underscoring rising activity in the domestic crypto market.

Spot trading on Coins.ph operates through a professional-grade order-book exchange, allowing users to trade cryptocurrencies directly with other participants at prices determined by market supply and demand.

The feature offers lower fees and more advanced trading tools compared to standard retail “buy/sell” or “convert” options, giving users greater control over execution and pricing.

The exchange attributed much of the growth to the increasing utility of stablecoins, which are digital assets pegged one-to-one to traditional currencies such as the dollar. Stablecoins such as USDT and USDC have evolved beyond speculative instruments into what the company described as essential financial infrastructure.

“These spot trading milestones are a testament to the critical role stablecoins are playing in modernizing Philippine finance,” Wei Zhou, CEO of Coins.ph, said.

“It signals a strong market appetite for efficient, regulated digital asset trading, especially for our USDT-PHP and USDC-PHP pairs. We anticipate this robust demand will define the trajectory for Coins.ph and the broader digital asset market throughout 2026.”

Apart from its retail spot platform, Coins.ph said it is also seeing strong volumes from its over-the-counter desk, which caters to high-net-worth individuals and institutional clients executing large transactions.

The OTC desk is designed to handle trades exceeding P1 million without affecting broader market prices. The company said the service provides deep liquidity, zero slippage and personalized support, ensuring price stability even for sizeable transactions.

A key metric in trading efficiency is the spread, or the difference between the buy and sell price. Coins.ph said it has reduced its spread to three basis points, significantly narrower than the 12 to 35 basis points offered by other exchanges. A tighter spread reduces transaction costs, allowing high-volume traders to retain more value.

To sustain momentum in stablecoin trading, the platform recently integrated into the Circle Payments Network. The move enables near-instant, compliant peso settlements across more than 120 domestic banks and e-wallets, expanding the practical use cases of digital assets in everyday financial transactions.

Established in 2014, Coins.ph is licensed by the Bangko Sentral ng Pilipinas as both a virtual asset marketplace and a mobile wallet. The platform allows users to trade digital assets, make payments and access crypto-based remittance services within a single application.