In a bold move signaling its growing international aspirations, Manila-based digital finance service Coins.ph has announced plans to expand into the Australian market by 2024. This strategic decision follows the successful acquisition of an ‘AUSTRAC’ Digital Currency Exchange registration by Coins.ph’s Australian division, a crucial step for offering cryptocurrency exchange services in Australia.
Expanding Horizons: More Than Just a Business Move
This expansion is not just a business growth strategy; it represents Coins.ph’s commitment to extending its reach globally, providing regulated and compliant digital asset services. The move is particularly significant as it marks a major milestone in the company’s international journey, catering to the burgeoning Australian crypto market and the Filipino diaspora in Australia.
Connecting Cultures Through Financial Services
The expansion is poised to offer a more connected financial experience for Filipinos residing in Australia, bridging their lives in the land down under with their Philippine roots. This initiative underscores Coins.ph’s dedication to serving the needs of the Filipino community abroad, ensuring they remain financially connected to their homeland.
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A Visionary Leader at the Helm
Wei Zhou, CEO of Coins.ph, shared his enthusiasm about the company’s global expansion plans. “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,” he said. Zhou’s vision is backed by a team of top-tier talents with global experience, ready to bring their expertise to new markets.
Coins.ph’s expansion into Australia is more than just a business venture; it’s a step towards creating a more interconnected financial world. By bridging the gap between the Philippines and Australia, Coins.ph is set to play a pivotal role in enhancing the financial experiences of Filipinos abroad, fostering stronger ties between these two diverse cultures.
