tl;dr
Coins.ph, the Philippines’ leading cryptocurrency exchange, has partnered with Hong Kong’s HashKey Group to create a compliant digital asset cross-border infrastructure between the Philippines and Hong Kong. This collaboration enables a regulated corridor for seamless fund transfers, allowing near-i...
Coins.ph, the Philippines’ leading cryptocurrency exchange and digital wallet, has formed a landmark partnership with HashKey Group, operator of Hong Kong’s largest licensed crypto exchange, HashKey Exchange. This collaboration represents HashKey Exchange’s strategic expansion into Southeast Asia and aims to create a compliant, digital asset-powered cross-border infrastructure between the Philippines and Hong Kong.
The partnership will enable a seamless, fully regulated corridor for transferring funds between the two countries. By integrating Coins.ph with HashKey Exchange, users will soon enjoy near-instant onramps and offramps between the Philippine Peso and Hong Kong Dollar, greatly reducing friction in remittances, payments, and other digital asset flows.
Wei Zhou, CEO of Coins.ph, described the alliance as a "game-changer" for crypto users and the millions of Filipinos connected to Hong Kong, emphasizing the creation of a 24/7 crypto-powered bridge that makes remittances faster, cheaper, and more accessible. Randall Chan, Managing Director of HashKey Exchange, highlighted this collaboration as a key step in their Global Shared Liquidity initiative, which seeks to interconnect regulated exchanges internationally for deeper liquidity and transparency.
Grounded in strong regulatory compliance, the partnership leverages Coins.ph’s licenses from the Bangko Sentral ng Pilipinas and HashKey’s status as a leading licensed virtual asset exchange in Hong Kong. This regulatory clarity sets a foundation for scalable infrastructure to support both retail and institutional digital asset flows.
The cooperation also targets institutional-grade solutions across Southeast Asia by onboarding enterprise users, enabling business-to-business cross-border transactions, and expanding into other markets via Coins.ph’s global entity, Coins.xyz, and Coins Brazil. Zhou emphasized that the partnership aims to establish interoperable digital finance across Asia, serving not only individuals but institutions requiring efficient and compliant settlement solutions.
This strategic alliance is a milestone reflecting the maturity and growth of Asia’s crypto ecosystem, embodying the future of digital money movement as fast, secure, compliant, and continuously available. As of January 31, 2025, HashKey Exchange is ranked 7th on CoinGecko and is the highest-ranked licensed virtual asset exchange in Hong Kong.
Coins.ph, launched in 2014, is the most established crypto brand in the Philippines with over 18 million trusted users. Its fully regulated platform offers easy access to various cryptocurrencies and financial services through a user-friendly mobile app. Coins.ph holds both Virtual Currency and Electronic Money Issuer licenses from the Bangko Sentral ng Pilipinas—the first crypto company in Asia to earn these central bank credentials.