Foreign exchange costs are a major expense for corporations managing cross-border payments, supply chains, and treasury operations.
By offering significantly tighter spreads than banks, Coins.ph is targeting a slice of the FX market long dominated by traditional financial institutions.
What’s new
Coins.ph’s new FX offering applies a flat 2 bps spread on all major G10 trading pairs, including USD/PHP, USD/EUR, and USD/JPY.The rate beats the roughly 10 bps spreads offered by major Philippine banks to institutional clients and the much wider 80–90 bps charged to retail customers.
The company explained in a press release that the pricing is designed to attract the corporate and institutional sector, catering to the largest forex needs with no maximum limit on transactions.
By the numbers
2 bps (0.02 percent) – Coins.ph spread on G10 FX pairs
$20,000 – minimum trade size for FX transactions
No maximum limit – on transaction size for corporates
For corporate finance desks, the savings can be material. On large FX trades, a 0.02-percent spread translates into meaningful cost reductions—particularly for companies managing quarterly treasury cycles, global supplier payments, or recurring cross-border settlements.
How it works
In the same press statement, Coins.ph says its ability to offer aggressive pricing is driven by technological efficiencies, faster settlement, and tighter risk controls.
Unlike traditional bank FX transactions that can take days to settle, the platform offers near-instant settlement, allowing institutional funds to be available immediately after execution.
This reduces liquidity delays and limits market risk exposure, especially for high-volume transactions, it stressed.
To manage currency risk, Coins.ph also provides next-business-day spot hedging, enabling the platform to lock in exchange rates and manage inventory exposure while offering clients greater pricing stability.
Zoom out
The FX push is supported by Coins.ph’s suite of BSP licenses, including:
These licenses allow the company to operate as a regulated FX and payments provider—not just a digital asset platform—capable of handling multi-million-dollar fiat transactions alongside digital assets.
What they’re saying
“We are not just participating in the financial world; we are operating within the highest standards of compliance,” said Wei Zhou, Coins.ph chief executive officer.
“By offering a 2 basis points spread on G10 pairs, we are leveraging that regulated agility to deliver institutional-grade cost efficiency,” Zhou added, calling the move a step toward positioning Coins.ph as “the most trusted and versatile financial bridge in the region.”
With ultra-tight spreads, no transaction caps, and BSP-backed licenses, Coins.ph is making a direct play for institutional FX flows—challenging banks on pricing, speed, and flexibility. —Ed: Corrie S. Narisma
