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Former Binance CFO buys Coins.ph

Published Apr 5, 2022 10:58 am

Wei Zhou, former Chief Financial Officer of Binance, has recently purchased Coins.ph. 

According to CoinDesk, under Zhou, Coins.ph could go back to its crypto roots. Not much information is provided about what that means. But it’s safe to assume Coins.ph might further expand its crypto listings, making it easier for Filipinos to get into cryptocurrencies. 

In 2019, Indonesian company, Gojek, purchased Coins.ph for $95 million. Gojek sold Coins.ph to Zhou at least twice as much. 

Coins.ph was launched in 2014, being one of the earliest crypto wallets in the country. It was the first crypto wallet in the country and has since expanded to financial services, such as bill payments. Not too long ago, Coins.ph expanded its crypto portfolio, adding SLP, Axie Infinity Shards, USD Coin, Chainlink, Kyber Network Crystals, Maker, Uniswap, Aave, Tether, Polygon, and Sandbox. 

Coins.ph has also recently integrated the Ronin wallet into their system. 

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