Top Cryptocurrency Companies in Philippines

The cryptocurrency industry in the Philippines has experienced significant growth in recent years, driven by various factors such as technological advancements, growing interest in digital assets, and government support. This article examines key statistics from 2022, factors contributing to the industry's growth and success, comparisons with previous years, key trends including technological disruptions, challenges, and future outlook.

read full article below
Filter bySearch by company name, registration number or domain name
CompanyHeadcountContactDescriptionDecision Maker
SERVICE ECONOMY APPLICATIONS INC18 +63 2 8645 9254
business@seapps-inc.com

Founded as a blockchain company in 2017, Service Economy Applications Inc., has evolved into a marketer of innovative software solutions and related business-to-business as well as business-to-customer approach system. In 2018, Janice Arino, the CEO of the company together with her team, decided to redirect the company to focus on the development of a cashless system. By conducting a hands-on approach to the operators actual fleet management operation, the company has secured 2,500 units of PUJ (Public Utility Jeepney) and PUB (Public Utility Bus) with an endorsement of the Government, Transport Cooperatives, and Corporations to support FILIPAY installation and become part of the PUV Modernization Program as their Automatic Fare Collection System provider.

OWNLY5 +63 977 143 1897
support@ownly.io

Buy, own, collect, and trade 1 of 1 edition crypto artworks by talented artists.

C ESTATES INC9 +63 2 8553 8270
marketing@cestates.io

C Estates Inc with its 10 yrs experience in the real estate business is now setting a global industry standard using the phenomenal disruptive technology of the blockchain. Creating a complementing ecosystem and offering property tokens that are backed by real estate properties, C Estates is definitely here to make real estate transactions easy and accessible to everyone. Applying the principles of irreversible registry of actions, verifiable records, multiple layers of security, the process of tokenization and all the essentials in protecting and processing digital information, C Estates offers creation of smart assets for a more efficient and reliable transactions online.

UBX202 (blank)
hello@ubx.ph

UBX is a financial technology company offering the Philippines leading Open Finance platform. UBx creates opportunity and access for all by providing individuals, businesses and institutions the most extensive network of financial institutions and embedded solutions.

COINS.PH299 (blank)
(blank)

Coins.ph is on a mission to create an open financial system by providing everyone easy access to Web3 and digital assets. Launched in 2014, Coins.ph is the most established crypto brand in the Philippines and has gained the trust of more than 16 million users. Through the easy-to-use mobile app, users can buy and sell a variety of cryptocurrencies and access a wide range of financial services. Were a fast-growing startup looking for passionate, motivated, and exceptional people to join us in doing work that matters. Visit http://coins.ph/careers to learn more.

FORKAST.NEWS33 (blank)
hello@forkast.news

Forkast.News is a digital media platform covering blockchain and emerging technology at the intersection of business, economy, and politics. From Asia, to the world.

EMFARSIS13 +63 915 884 8506
team@emfarsis.com

Emfarsis supports early-stage founders to find their audience and their voice as they launch in the open Metaverse. We invest time and effort alongside capital to ensure those wanting to make a difference in the world get heard.

COIN VAULT PH3 (blank)
sales@coinvaultph.com

Trusted provider of hardware wallet and web 3 technology-related products in the Philippines.

ROOK DIGITAL UNLIMITED11 +63 966 664 4655
sales@rookdigitalunlimited.com

We are Rook Digital - A full-stack digital marketing and creative agency specializing in everything from Social Media Content Management to 3D Design Production & Animation. We deliver solutions to both web2 & web3 projects focused on delivering the best results. Lets collaborate! 📩

BITSHARES LABS, INC.39 +63 74 244 5185
admin@bitshareslabs.com

Bitshares Labs, Inc. is a startup web development company which delivers blockchain-centric solutions and services for Philippine Businesses. We build apps on top of the Bitshares Blockchain. BitShares is an open source financial services platform implemented as a public blockchain. Launched in 2014 with the protocol defined smart contracts for the digital asset and stable coin issuance, BitShares is the first on-chain decentralized exchange (DEX) secured by the Delegated Proof of Stake (DPoS) consensus protocol.

PEARLPAY24 (blank)
hello@pearlpay.com

PearlPay is a Philippine-based Fintech company offering affordable and secured end-to-end banking solutions.

BLOOMX6 (blank)
hello@bloom.solutions

BloomX is a Manila-based financial technology startup providing modern blockchain solutions to money transfer businesses around the world. It was incorporated in October 2015 and has seen exciting growth in its first year of operation, attracting both investors and business customers alike with its cost-saving platform.

TAGCASH LTD15 (blank)
info@tagcash.com

Tagcash.com is the ultimate platform for social media monetization, group collaboration, and streamlined efficiency. Using embedded crypto and fiat ewallets for micropayments, Tagcash.com offers a range of cutting-edge features and tools that empower groups, influencers, and companies to monetize their online presence and increase their productivity. With Tagcash.com, you can easily create and manage your own branded communities, charging membership fees and delivering exclusive online content to your members. You can also take advantage of our built-in mini-apps, or create your own custom apps, to streamline your workflow and increase your efficiency. Whether youre an influencer looking to monetize your social media presence, a company looking to improve collaboration and productivity, or a group looking to engage with your members and build your audience, Tagcash.com has everything you need to succeed. So why wait? Sign up today and start taking your online presence to the next lev…

EBET.COM13 (blank)
(blank)

Founded in 2012, eBET has earned a reputation for the leading supplier of Live Dealer solutions in Asia. Our mission is to design intuitive and interactive live gaming experiences that are customized for all generations of mobile users. Trusted by millions of players worldwide, eBETs award-winning products are GLI certified, licensed and regulated by the Philippine Amusement and Gaming Corporation, and supported on H5, Android, iOS, Mac, and PC. With Asian and European-based studios, eBET products are fully localized in 15+ languages and support up to 37 currencies (including cryptocurrencies). These provisions ensure all eBET games are fair, trustworthy, and localized.

SKYLINE LIVE SUPPORT CORPORATION52 +63 976 311 0705
business@skyline.support

Skyline Live Support Corporation is an outsourcing company in the Philippines. We are specialists in Customer Support Services, Back Office Support, 3D Interactive Design and Community Management. While you concentrate on the vital aspects of your business, Skyline guarantees to address your needs, concerns, and online reputation with top priority. Our team is committed to fulfilling all requirements 24/7 in order to relieve your business and keep it as profitable as possible. Skyline provides outsourcing services round-the-clock, which also include customer service through live chat, email, and phone support. Our involvement has proven to boost positive ratings, reviews & feedback and increase returning customers. We position ourselves as Your Partner in Economical Scaling. Therefore we offer our outsourcing services to micro, small, and medium-sized businesses in Northern Europe, the United States, and beyond at a competitive price. If you have any questions about our services or …

CROWDFARMX PLATFORM12 +65 8809 8775
hello@crowdfarmx.io

CrowdFarmX is the worlds first global cooperative farming platform on the blockchain.

BLOCKCHAIN ADVISORY ASIA1 (blank)
info@blockchainadvisory.asia

A Blockchain Consultancy offering Events Management, Blockchain Development and Legal Counsel in the Philippines

NERVOS NETWORK38 (blank)
(blank)

The Nervos Network is a collection of protocols and public blockchain ecosystem aiming to solve the biggest challenges facing blockchains like Bitcoin and Ethereum today - backed by $28M from China Merchant bank, Polychain Capital, Sequoia China and more. The Nervos CKB (Common Knowledge Base) is the layer 1, proof of work public blockchain protocol of the Nervos Network. It allows any crypto-asset to be stored with the security, immutability and permissionless nature of Bitcoin while enabling smart contracts, layer 2 scaling and captures total network value through its crypto-economic design and native token, the CKbyte.

BYDFI25 (blank)
(blank)

BYDFi is a one-stop social trading platform for global investors. It has continued to bring professional, convenient, and new trading services to global users since 2020. With the slogan BUIDL Your Dream Finance and a fundamentally improved user interface, take cryptocurrency trading to a whole new level, providing users with a better trading experience. BYDFi aspires for its platform to afford users autonomy and leave a permanent imprint on the sectors progress.

BITFLEX50 (blank)
(blank)

Bitflex, consisting of a team of veterans in the Web3 arena, is a cryptocurrency exchange aiming to disrupt the crypto exchange space by being the first standout HEX Exchange combining the advantages of a CEX and DEX. Bitflexs modular, hybrid design centralizes reliability while distributing control, putting power back into the hands of traders while giving them a platform they can always depend on.

Top Cryptocurrency Companies in Philippines

Key Statistics from 2022

In 2022, the cryptocurrency industry contributed approximately 0.3% to the Philippine GDP, indicating its emerging importance in the country's economic landscape. The industry is expected to continue its upward trajectory, with a projected CAGR (Compound Annual Growth Rate) of 20% from 2023 to 2028.

The cryptocurrency industry provided employment for over 15,000 individuals in 2022, representing a 12% increase compared to the previous year. This growth demonstrates the industry's ability to create high-value jobs and contribute to the nation's overall economic development.

Factors Contributing to Growth and Success

Government Initiatives

The Philippine government has played a crucial role in the growth and success of the cryptocurrency industry. Through the Bangko Sentral ng Pilipinas (BSP) and other relevant agencies, the government has implemented various initiatives, such as issuing guidelines for virtual currency exchanges, promoting blockchain technology, and fostering the growth of crypto startups.

Increasing Adoption and Interest

The growing interest in cryptocurrencies among both retail and institutional investors has driven growth in the industry. As more people become familiar with digital assets and their potential use cases, the demand for cryptocurrencies and related services has increased.

Industry Growth and Comparison to Previous Years

The cryptocurrency industry in the Philippines has experienced impressive growth over the past decade, with an increasing number of local and international companies investing in the sector. In 2022, the industry grew by 25%, outpacing the growth of the overall economy. This growth reflects the industry's potential to drive economic development and promote innovation across various sectors.

Key Trends

Technological Disruptions

Technological advancements have led to significant transformations in the cryptocurrency industry. Innovations such as decentralized finance (DeFi), non-fungible tokens (NFTs), and layer-2 scaling solutions have revolutionized traditional finance, creating new investment opportunities and use cases for digital assets.

Regulatory Developments

The cryptocurrency industry has witnessed a surge in regulatory developments, with governments around the world working to establish clear guidelines for the use and management of digital assets. This trend has resulted in a more transparent and secure environment for both investors and businesses operating in the industry.

Challenges

Despite its growth, the cryptocurrency industry in the Philippines faces several challenges that may impact its future development. Key challenges include:

Regulatory Uncertainty

While the Philippine government has taken steps to regulate the cryptocurrency industry, uncertainty remains regarding the future regulatory landscape. This uncertainty can create challenges for businesses operating in the industry and may hinder further growth and innovation.

Cybersecurity Concerns

As the cryptocurrency industry grows, so too do concerns surrounding cybersecurity and the potential for hacks and data breaches. Ensuring the security of digital assets and user data is essential for maintaining trust in the industry.

Future Outlook

Despite these challenges, the outlook for the cryptocurrency industry in the Philippines remains positive, with significant opportunities for continued growth and development. By addressing key challenges and embracing new trends, the industry can continue to play a pivotal role in driving the nation's economic growth and promoting innovation. Key areas of focus moving forward include:

Strengthening the regulatory framework to provide clear guidelines and promote a stable environment for businesses and investors operating in the cryptocurrency industry. This includes addressing issues such as taxation, anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations, and consumer protection.

Enhancing cybersecurity measures to protect digital assets and user data, fostering trust in the industry and ensuring the security of transactions. This involves investing in advanced security technologies, promoting best practices, and educating users about potential risks and mitigation strategies.

Encouraging collaboration between government, industry, and academia to drive innovation and facilitate the development of cutting-edge cryptocurrency technologies and applications. This includes creating opportunities for research and development (R&D) initiatives, as well as supporting startups and entrepreneurs in the sector.

Promoting the adoption of cryptocurrencies across various sectors of the economy, helping traditional industries harness the potential of digital assets to improve efficiency, reduce costs, and gain a competitive advantage. This can be achieved through public-private partnerships, targeted incentives, and awareness campaigns.

Fostering financial inclusion by leveraging the potential of cryptocurrencies and blockchain technology to provide accessible and affordable financial services to underserved populations. By addressing the challenges of financial exclusion, the cryptocurrency industry can contribute to the broader socio-economic development of the Philippines.

Conclusion

The cryptocurrency industry in the Philippines has demonstrated considerable growth and potential in recent years, driven by favorable economic conditions, government support, and increasing demand for innovative financial solutions. While challenges remain, the industry's future outlook is optimistic, with significant opportunities for continued growth and development. By addressing key challenges and embracing new trends, the cryptocurrency sector can continue to play a pivotal role in driving the nation's economic growth, fostering innovation across various industries, and contributing to the broader economic development of the country.

Moreover, the growth of the cryptocurrency industry will continue to generate high-value employment opportunities, stimulate investment, and foster collaboration among various sectors, solidifying its role as a vital component of the country's economic fabric. As the Philippines seeks to leverage advanced technologies and promote innovation, the cryptocurrency industry will be at the forefront of this transformation, driving change and creating new opportunities for the nation and its people.

undefined's picture
By Melissa Goh
Published on 26 May 2023