GoTyme Bank launches cryptocurrency trading in the Philippines in partnership with Alpaca
GoTyme Bank, the fastest-growing bank in the Philippines and a joint venture between Gokongwei Group and Tyme Group, announced the launch of its cryptocurrency investment feature.
This launch was made possible through a collaboration with Alpaca, a global leader in brokerage infrastructure APIs that provide access to cryptocurrencies, stocks, ETFs, options, and fixed income.
The demand for cryptocurrencies continues to rise globally, and the Philippines ranks ninth in adoption and twentieth in crypto wealth. Currently, around 10% of Filipinos use cryptocurrencies, and this figure is projected to reach 12.79 million users by 2026.
This growth is due to the demand for digital financial solutions among approximately 76% of the country's population, who are either unbanked or have limited access to banking services.
The crypto-friendly environment in the Philippines is bolstered by the government's positive stance on digital assets, a growing tech-savvy population, and limited access to traditional financial services.
“Our goal is to become the most transformative bank in the Philippines, one that empowers every Filipino to develop their financial potential.
The launch of GoTyme Crypto is an important step towards that vision, as we continue to offer top-notch financial solutions that combine security, simplicity, and innovation,” said Nate Clarke, president and CEO of GoTyme Bank.
“By partnering with Alpaca, we bring our global expertise to local customers, ensuring they have the tools to participate confidently in the digital economy.” $BNB
