Crypto trading platform Coins.ph reported a 327% increase in monthly spot trading volume, reaching $500 million in November 2025 from $117 million in the same month in 2024.
The company also posted a record $50 million in daily spot trading volume last week, which is its highest single-day performance to date.
Spot trading on Coins.ph operates through an order-book exchange, allowing users to trade cryptocurrencies directly with one another at market-driven prices. The feature is designed for users who want more control over pricing and fees compared with basic buy, sell, or convert options.
The company attributed much of the increase to growing demand for stablecoins such as Tether and USD Coin. These digital assets are pegged one-to-one to the US dollar and are increasingly used for payments and transfers.
Stablecoins are gaining wider use in the Philippines, where remittances reached $38.3 billion at the end of 2024. Businesses are using them for cross-border payments, contractor payouts, and supplier disbursements because transactions can be processed faster than through traditional banking channels.
“These spot trading milestones are a testament to the critical role stablecoins are playing in modernizing Philippine finance,” said Wei Zhou, CEO of Coins.ph. “It signals a strong market appetite for efficient, regulated digital asset trading, especially for our USDT-PHP and USDC-PHP pairs.”
Zhou said that they are anticipating that this robust demand will define the trajectory for Coins.ph and the digital asset market throughout 2026.
Coins.ph also reported strong activity in its over-the-counter or OTC desk, which handles large transactions for high-net-worth individuals and institutional clients. The service supports trades above ₱1 million and is structured to minimize price impact.
The company said it reduced its trading spread to 3 basis points, compared with 12 to 35 basis points on other exchanges, aiming to help high-volume traders keep more value from each transaction.