Business World

COEXSTAR.PH officially launched their cryptocurr­ency exchange platform and is now open for trading.

-

ABA Global Philippine­s Inc. under the trade name of Coexstar obtained the official license of the cryptocurr­ency exchange from the Bangko Sentral ng Philipinas (BSP) on March 21 this year. A company official said “After obtaining the license, we will faithfully implement the requiremen­ts of the AMLC, and commission Nullforge Security Inc., our third party agency to pass the security audit specifical­ly requested by the Bangko Sentral ng Philipinas (BSP). It took a lot of time, so our opening schedule was significan­tly slower than the original plan.” “Although the schedule is a little late, we made sure that the verificati­on process has been given the utmost importance to ensure our future customers asset to be more secured and recognized as a system that enables safe and transparen­t transactio­ns, while proactivel­y blocking hacker attacks and other risks. I feel proud and responsibl­e and I will continue to work closely with the Bangko Sentral ng Philipinas and other relevant institutio­ns to establish an exemplary position as a leader in the Philippine­s cryptocurr­ency market.” COEXSTAR, which officially launched on Monday, October 7, 2019 started trading 10 of the world’s famous cryptocurr­encies, including Bitcoin and Ethereum. Company’s public launch will be by the end of October 2019. According to one company official “We will pre-sale the ‘ABAG’ coin and ‘SCOR’ coin of COEXSTAR for a month after the exchange is open, and we will give various benefits according to the amount of stocks. As we accept other coins for exchange, traders might want to keep an eye out for ABAG and SCOR coin price increase.” The official said that the company will operate a ‘PESO’ market on the ‘COEXSTAR’ exchange to provide convenient trading services for the Philippine­s’. Filipino traders will need to open a Philippine bank account, while being able to use the trading service convenient­ly by simply signing up at coexstar.ph. ABA Global Philippine­s Inc. which is seeking various financial services using cryptocurr­ency is boldly developing new businesses in related fields using the official ‘COEXSTAR’ exchange. It is fully prepared become a leading “Tech” company. In particular, while paying attention to our blockchain business, UNION BANK and ABA Global Philippine­s Inc. will actively pursue fintech businesses which will benefit both parties positively. Futhermore, the company is hiring a large number of excellent local workers in the Manila and is ambitious to grow into one of the world’s best crypto-based fintech company, starting with its cryptocurr­ency exchange platform. Currently, there are 10 cryptocurr­ency exchanges licensed by the Bangko Sentral Ng Pilipinas ABA Global Philippine­s COINS.PH BEXPRO BLOOM SOLUTIONS COINSVILLE PHILLS ETRANSS PDAX REBITTANCE VHCEX ZYBITECH. We look forward into having ABA Global Philippine­s Inc. to be the Philippine­s’ first exchange platform to offer advanced cryptocurr­ency trading services for 24 hours.

 ??  ??
 ??  ??

Newspapers in English

Newspapers from Philippines