Wemade said on the 17th that WEMIX, issued by its Blockchain-focused subsidiary WEMIX Foundation, has been listed on Coins.ph, a Philippine virtual asset exchange.
Coins is the largest virtual asset exchange in the Philippines, with more than 18 million members. Deposits and withdrawals are available starting today.
Coins has obtained official licenses from the Philippine Central Bank for virtual asset service provider (VASP) operations and electronic money issuance (EMI). It aims to be an "all-in-one financial platform" that spans traditional finance and virtual assets.
This is the first time WEMIX has been officially listed on a Philippine exchange. Wemade said, "With the listing allowing WEMIX to be directly transacted in the local currency, the peso (PHP), access to and convenience of the WEMIX ecosystem for Philippine users have greatly improved."
In particular, the company also expects synergy with the global version of the Blockchain game "Legend of Ymir," which has continued its success since its launch in Oct. last year.
A Wemade official said, "Among the countries where the global version of Legend of Ymir is serviced, user participation in the Philippines is the most active, so this listing is expected to accelerate the inflow of new users in the Philippines and contribute to revitalizing the in-game economy."