Philippines Cryptocurrency Market 2033

Philippines Cryptocurrency Market Size, Share, Trends and Forecast by Type, Component, Process, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A40281

Philippines Cryptocurrency Market Overview:

The Philippines cryptocurrency market size reached USD 49,854.00 Million in 2024. The market is projected to reach USD 1,14,699.01 Million by 2033, exhibiting a growth rate (CAGR) of 9.68% during 2025-2033. As companies are adopting blockchain for finance, supply chain, and smart contracts, the utilization of cryptocurrency is increasing. This enhanced employment aids in building public trust, encouraging wider usage and investment in digital currencies. Besides this, increasing participation in metaverse is contributing to the expansion of the Philippines cryptocurrency market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 49,854.00 Million
Market Forecast in 2033	USD 1,14,699.01 Million
Market Growth Rate 2025-2033	9.68%

Philippines Cryptocurrency Market Trends:

Growing metaverse adoption

Rising metaverse adoption is fueling the market growth in the Philippines. As more Filipinos are participating in virtual worlds for gaming, socializing, and working, there is an increasing need for decentralized digital currencies to facilitate seamless transactions across these platforms. Cryptocurrencies are becoming the primary mode of exchange within metaverse environments, enabling users to purchase digital land, avatars, and non-fungible tokens (NFTs), which are becoming popular among the tech-savvy and creative youth in the country. This trend is driving the demand for crypto wallets and decentralized finance tools, allowing Filipinos to engage in earning and investing activities without the requirement for traditional banking systems. Moreover, the play-to-earn model, pioneered by Filipino users in metaverse-based games, is enabling individuals, especially in lower-income communities, to earn a livelihood utilizing crypto tokens. In March 2025, YGG Pilipinas was set to debut its Metaverse Filipino Worker (MFW) Caravan, a mobile event that would highlight the future of employment throughout the Philippines. Between April and August 2025, the MFW Caravan would showcase how Filipinos could enhance their skills to discover new opportunities for earning money online. Local startups and developers are also leveraging crypto to build metaverse applications, further embedding digital currencies in the digital economy. As a result, the rising integration of the metaverse into everyday life is not only increasing the visibility and utility of cryptocurrencies in the Philippines but also contributing to greater crypto literacy and market expansion.

Increasing blockchain integration in business

Blockchain integration in business is impelling the Philippines cryptocurrency market growth. Businesses across finance, supply chain, healthcare, and real estate are beginning to adopt blockchain to streamline operations, reduce fraud, and enhance data security. This increasing assimilation is naturally fostering the use of cryptocurrencies as blockchain's native assets, enabling quicker and more cost-effective transactions. As more companies are employing decentralized applications (dApps) and smart contracts, the reliance on traditional payment systems is decreasing, creating more utility and demand for crypto tokens. Moreover, the traceability and immutability features of blockchain make it appealing for business audits, procurement tracking, and cross-border payments. Financial institutions and startups alike are exploring blockchain-enabled financial services, including crypto-based lending, investment, and remittance platforms. In May 2025, Coins.ph unveiled remittance services using blockchain technology. The firm sought to tackle typical issues in conventional remittance services, including elevated expenses and lengthy processing times, by providing a system created for quicker, cost-effective, and reliable cross-border transactions. These developments are strengthening the overall digital financial ecosystem, encouraging more Filipinos to utilize and wager on cryptocurrencies.

Philippines Cryptocurrency Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type, component, process, and application.

Type Insights:

Bitcoin
Ethereum
Bitcoin Cash
Ripple
Litecoin
Dashcoin
Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes bitcoin, ethereum, bitcoin cash, ripple, litecoin, dashcoin, and others.

Component Insights:

Hardware
Software

A detailed breakup and analysis of the market based on the component have also been provided in the report. This includes hardware and software.

Process Insights:

Mining
Transaction

The report has provided a detailed breakup and analysis of the market based on the process. This includes mining and transaction.

Application Insights:

Trading
Remittance
Payment
Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes trading, remittance, payment, and others.

Regional Insights:

Luzon
Visayas
Mindanao

The report has also provided a comprehensive analysis of all the major regional markets, which include Luzon, Visayas, and Mindanao.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Philippines Cryptocurrency Market News:

In August 2024, the government of the Philippines authorized a novel cryptocurrency, a stablecoin named PHPC, tied to the Philippine peso, aimed at lowering transaction fees for Filipino expatriates sending money back home. A primary application of the new digital currency was to allow Filipinos living overseas, approximately 10 Million, to transfer funds back home.
In August 2024, PDAX, the prominent cryptocurrency exchange platform based in the Philippines, unveiled a strategic collaboration with the online financial educational platform, Investagrams, to enhance public access to cryptocurrency trading. With this collaboration, Investagrams users would obtain direct access to PDAX’s strong cryptocurrency trading platform, allowing them to broaden their financial portfolio with digital assets like Bitcoin, Ethereum, and others.

Philippines Cryptocurrency Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Component Process Application Region
Types Covered	Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dashcoin, Others
Components Covered	Hardware, Software
Processes Covered	Mining, Transaction
Applications Covered	Trading, Remittance, Payment, Others
Regions Covered	Luzon, Visayas, Mindanao
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Philippines cryptocurrency market performed so far and how will it perform in the coming years?
What is the breakup of the Philippines cryptocurrency market on the basis of type?
What is the breakup of the Philippines cryptocurrency market on the basis of component?
What is the breakup of the Philippines cryptocurrency market on the basis of process?
What is the breakup of the Philippines cryptocurrency market on the basis of application?
What is the breakup of the Philippines cryptocurrency market on the basis of region?
What are the various stages in the value chain of the Philippines cryptocurrency market?
What are the key driving factors and challenges in the Philippines cryptocurrency market?
What is the structure of the Philippines cryptocurrency market and who are the key players?
What is the degree of competition in the Philippines cryptocurrency market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Philippines cryptocurrency market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Philippines cryptocurrency market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Philippines cryptocurrency industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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