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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Fintech News Philippines. (December 1, 2021). Total volume of cryptocurrency transactions in the Philippines in 2019 and 2020 (in millions) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1291466/philippines-transaction-volume-of-cryptocurrency/
Fintech News Philippines. "Total volume of cryptocurrency transactions in the Philippines in 2019 and 2020 (in millions)." Chart. December 1, 2021. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1291466/philippines-transaction-volume-of-cryptocurrency/
Fintech News Philippines. (2021). Total volume of cryptocurrency transactions in the Philippines in 2019 and 2020 (in millions). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1291466/philippines-transaction-volume-of-cryptocurrency/
Fintech News Philippines. "Total Volume of Cryptocurrency Transactions in The Philippines in 2019 and 2020 (in Millions)." Statista, Statista Inc., 1 Dec 2021, https://www.statista.com/statistics/1291466/philippines-transaction-volume-of-cryptocurrency/
Fintech News Philippines, Total volume of cryptocurrency transactions in the Philippines in 2019 and 2020 (in millions) Statista, https://www.statista.com/statistics/1291466/philippines-transaction-volume-of-cryptocurrency/ (last visited November 23, 2024)
Total volume of cryptocurrency transactions in the Philippines in 2019 and 2020 (in millions) [Graph], Fintech News Philippines, December 1, 2021. [Online]. Available: https://www.statista.com/statistics/1291466/philippines-transaction-volume-of-cryptocurrency/