Transaction volume of cryptocurrency Philippines 2019-2020

Published by
Christy Balita,
Aug 4, 2023
The volume of cryptocurrency transactions in the Philippines reached 7.2 million in 2020, reflecting a 36 percent increase from the previous year. The surge in transactions was caused by the rise of Bitcoin prices and the expansion of regulations on financial services in the country.

Total volume of cryptocurrency transactions in the Philippines in 2019 and 2020 (in millions)

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Release date

December 2021

Region

Philippines

Survey time period

2019 to 2020

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Statistics on " Fintech in the Philippines "

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Overview

4

Investments

6

Digital payment

6

Cryptocurrency

3

Embedded finance

4

BNPL

3

Digital remittance

3

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Topics

Fintech in the PhilippinesInsurance industry in the PhilippinesBanking in the PhilippinesE-commerce in the PhilippinesDigital payments in the Philippines
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