Philippines

Regulatory Policy
Resist
GDP (USD)
442.02B
Population
109.64 M
Exchange Registration
20
Exchange Business
159
Exchange Field Survey
0

Trading environment analysis

Philippines cryptocurrency regulation is present, but not overbearing. The country's officials are actually quite keen on the technology for its usefulness in fast and cheap remittance. Seeing as this nation is the third largest recipient of remittance in the world, it's not unusual that they would be interested in using crypto for this. This means that officials will be likely to approve more legislation that will make it easier for their citizens to use cryptocurrencies for these purposes.

While they seem to be quite keen when it comes to practical uses for crypto, they are cracking down on both exchanges and coin offerings. Officials here don't want their country to garner a reputation as a haven for scam exchanges and ICOs, so they're cracking down and imposing heavy regulations.

While most of these will only impact the providers themselves and not everyday investors, depending on how serious these changes are it could cause many of these operators to flee this nation for greener pastures. It is, however, unlikely that there will be any outright bans on either exchanges or ICOs. This gives them a moderate score when we tally up all of our safety rating checklist items. Not the best, but not the worst either.

Exchange
Score
Established
Influence
Details
1
coinbase
9.16
10-15 years
A
2
bitFlyer
8.87
5-10 years
AA
3
bitbank
8.83
5-10 years
A
4
BINANCE
8.77
5-10 years
AAA
5
GMO
8.72
5-10 years
AA
6
GEMINI
8.70
5-10 years
AA
7
Bitstamp
8.64
10-15 years
AA
8
BINANCE US
8.59
2-5 years
AAA
9
UPbit
8.57
5-10 years
AAA
10
OKCOIN
8.44
10-15 years
A
11
COINLIST
8.26
5-10 years
A
12
HTX
8.13
10-15 years
B
13
ZIPMEX
7.69
5-10 years
A
14
RIVER
7.66
2-5 years
A
15
LUNO
7.52
5-10 years
A
16
CoinZoom
7.48
5-10 years
A
17
Bitget
7.40
5-10 years
AAA
18
simplex
7.27
5-10 years
A
19
DIGIFINEX
7.24
5-10 years
C
20
INDODAX
6.85
5-10 years
AA
Regulators
Regulated Exchange