Binance Expands Services in Philippines with BlockShoals Partnership

Binance Services in the Philippines are provided through BlockShoals Technologies Inc., which has been approved by the Securities and Exchange Commission of the Philippines (SEC) as a Crypto Asset Intermediary under the SEC Strategic Sandbox.

The approval is based on Memorandum Circular No. 9, s. 2024, as supplemented by Memoranda Nos. 4 and 5, s. 2025.

BlockShoals Technologies Inc. acts as an introducing intermediary and does not provide trading, custody, or brokerage services itself.

Instead, it introduces clients to Binance's ADGM-regulated entities, which are authorized and supervised by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market.