How the Philippines Became Asia’s Crypto Giant
The Rise in Popularity of Cryptocurrency in the Philippines
Over the years, there is no doubt that the Philippines has emerged as a major crypto market. Chainalysis’s 2025 Global Crypto Adoption Index ranks the Philippines 9th worldwide, ahead of Russia and behind Ukraine, making it one of Asia’s highest adopters. To highlight the scale of growth, blockchain analytics firm TRM Labs ranks the Philippines 4th globally in crypto adoption in 2025.
Crypto use is widespread in the Philippines. Analysts estimate that roughly 10% of Filipinos, or over 12 million people, engage with cryptocurrency, a figure projected to reach approximately 12.8 million by 2026.
This data suggests crypto has penetrated far beyond niche circles, with Filipinos…
