#unionbank crypto

UnionBank has revealed that it has plans to offer cryptocurrency trading and custodial services to capitalize on the fast adoption of cryptocurrencies and to future-proof its banking business. UnionBank of the Philippines has partnered with digital assets services provider, Coins.ph, to make crypto and other emerging asset classes more accessible to the open market. The partnership was made official through a memorandum of agreement signing ceremony held on May 30, 2023, at the UnionBank Plaza in Pasig City. As part of the agreement, Coins.ph will offer preferential rates to UnionBank clients, specifically in the payments and remittance industries. The partnership covers four key services offered by Coins.ph: simple buying, selling, and conversion; spot trading; crypto wallet and custody features; and cash in and cash out. Through this partnership, UnionBank will be able to help its clients future-proof themselves, democratize accessibility of cryptocurrencies, and promote adoption of the technology. The crypto offerings powered by Coins.ph will now be more widely accessible through other platforms, providing UnionBank customers with greater reach. This is also part of Unionbank's push towards digital services, as it welcomes the innovation ecosystem to the Open Finance Center of Excellence. Read more in our articles including "UnionBank to offer crypto trading and custodial services" and "UnionBank, Coins.ph ink partnership to make crypto more accessible".