Binance just found its way back into the Philippines, and it took a local partner to make it happen.
The exchange announced a strategic partnership with BlockShoals Technologies Inc., a Philippine fintech firm that will serve as its regulatory intermediary in the country. The deal, revealed on May 26, marks the first time a global crypto platform has operated within the Philippine Securities and Exchange Commission’s StratBox regulatory sandbox through a local collaborator.
Binance has been locked out of the Philippine market since March 2024, when the SEC issued a directive blocking platform access over licensing and registration failures.
How the deal is structured
BlockShoals received in-principle approval from the Philippine SEC on November 12, 2025, followed by full regulatory approval on April 14, 2026. That approval grants BlockShoals status as a Crypto Asset Intermediary, or CASP, under local rules.
