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# Philippines-based crypto firm Coins.ph raises $30 million
- URL: https://www.techloy.com/philippines-based-crypto-company-coins-ph-raises-30-million/
- Published: 2022-05-19T21:18:28.000Z
- Updated: 2022-12-08T00:45:45.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Crypto, Philippines

[Coins.ph,](https://coins.ph/) a fiat and crypto wallet service provider based in the Philippines has raised $30 million in its Series C funding round led by Ribbit Capital with participation from other investors. 

- The funds will help the company to scale its web3 ecosystem, P2E gaming and crypto-related services in Southeast Asia, it claims.
- The firm plans to add more cryptocurrency tokens, relaunch its exchange (Coins.Pro), offer increased crypto-driven merchant and payment services and enter new markets.
- Launched in 2014, Coins.ph is a crypto brand that offers app-based buying and selling of cryptocurrencies and wide-scale financial services in the Philippines.
- The central bank licensed crypto platform currently has over 16 million users and is regulated by Bangko ng Pilipinas (BSP).