Analysis
6 Crypto Firms and 2 Banks Are Licensed in the Philippines. None of the 10 Global Exchanges We Checked Is on the BSP List
The central bank's list of virtual asset service providers: who is on it and which global names are missing.
The short version: 8 firms are listed by the Philippine central bank (BSP) as active virtual asset service providers: 6 non-bank VASPs and 2 banks (BSP list, as of 15 Jul 2026). Non-bank: Coins.ph, Maya Philippines, Inc., Moneybees Forex Corp., PDAX, TopJuan Technologies Corporation, WIBS PHP, Inc.. Banks: GoTyme Bank Corporation, Union Bank of the Philippines, Inc.. One more non-bank firm, Direct Agent 5 (SurgePay), is listed as inactive or not operational. No institution or trade name on the list carries the name Binance, Bitget, Bybit, Coinbase, Crypto.com, Gate, Kraken, KuCoin, MEXC, OKX.
What the BSP Licence Covers
Under BSP Circular No. 1108 (2021), exchange, transfer and safekeeping of virtual assets need a BSP Certificate of Authority (BSP FAQ, Circular No. 1108). The BSP's list does not say which of these services each firm provides.
The Listed Firms
| Firm | Trade name as listed | Type | BSP list section | City |
|---|---|---|---|---|
| Coins.phBetur Inc. | COINS.PH | Non-bank | Active non-bank VASP (BSP list) | Taguig City |
| Maya Philippines, Inc. | Non-bank | Active non-bank VASP (BSP list) | Mandaluyong City | |
| Moneybees Forex Corp. | Non-bank | Active non-bank VASP (BSP list) | Taguig City | |
| PDAXPhilippine Digital Asset Exchange (PDAX) | PDAX | Non-bank | Active non-bank VASP (BSP list) | Pasig City |
| TopJuan Technologies Corporation | Non-bank | Active non-bank VASP (BSP list) | Manila | |
| WIBS PHP, Inc. | Non-bank | Active non-bank VASP (BSP list) | Makati City | |
| GoTyme Bank Corporation | Bank | Active bank VASP (BSP list) | Quezon City | |
| Union Bank of the Philippines, Inc. | Bank | Active bank VASP (BSP list) | Pasig City | |
| Direct Agent 5 (SurgePay)Direct Agent 5 | SurgePay | Non-bank | Inactive / not operational (BSP list) | Makati City |
Institution and trade names and cities as listed by the BSP. The BSP list also gives chief executives and contact details; we do not republish them. Full list.
What This Page Does Not Cover
The Securities and Exchange Commission (SEC) has separate rules for crypto-asset service providers. We could not read them on the SEC's own site, which blocks our network, so this tracker uses the BSP list only. “Not on the BSP list” is not a finding about how a firm serves users in the Philippines.
Sources
- BSP list of VASPs www.bsp.gov.ph
- BSP Circular No. 1108 www.bsp.gov.ph
- BSP FAQ on Circular No. 1108 www.bsp.gov.ph
- BSP Memorandum M-2022-035 www.bsp.gov.ph
- BSP Memorandum M-2025-031 www.bsp.gov.ph
- BSP Memorandum M-2026-023 www.bsp.gov.ph