GCash soon to accept cryptocurrency trading

It’s no longer just Coins.ph alone

GCash is set to offer cryptocurrency trading on its platform “soon”. There’s no set date for when cryptocurrency trading will be available on the platform. Currently, the only way to manage and trade cryptocurrencies is through Coins.ph

During a briefing, CEO of GCash Martha Sazon said that they are looking for a partner for the initiative. “We’re looking at it seriously and there’s really a plan to host an entity within our platform to aid in the trading of cryptocurrency so watch out for it soon

She also said that GCash will continue to work on sustaining profitability in order to achieve good fiscal standing whenever the cryptocurrency trading would occur.

The firm has 46 million registered users as of July 2021, with 2.5 million merchants and about 15 million daily sign-ins. There’s also about 10 million transactions that happen per day.

Source: GMA