Binance Enters Philippine Market Through BlockShoals Partnership

Binance has made its services available in the Philippines through BlockShoals Technologies Inc., which is approved by the Securities and Exchange Commission (SEC) to operate as a Crypto Asset Intermediary.

BlockShoals acts as an introducing intermediary, meaning it does not provide trading, custody, or brokerage services itself. All Binance Services are provided by Binance's ADGM-regulated entities, authorized and supervised by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market.

The SEC approval was granted under the Strategic Sandbox program, with specific approvals in MC No. 9, s. 2024, as supplemented by MC No. 4 and No. 5, s. 2025.