Binance Expands Services in Philippines Through Regulatory Sandbox

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 under the SEC Strategic Sandbox.

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

The SEC has allowed BlockShoals to operate under MC No. 9, s. 2024, as supplemented by MC No. 4 and No. 5, s. 2025. Binance warns that virtual asset prices can be volatile and the value of investments may go down or up.