Global cryptocurrency exchange Binance is allegedly preparing to legally re-enter the Philippine market by June 2026 through a local entity, according to claims made by Dubai-based crypto trading entrepreneur and influencer Arlone Abello, also known as Coach Miranda Miner.
During a recent broadcast of his online show, Abello stated that he had spoken directly with an official from Binance. According to his statements, the exchange is finalizing the requirements for an official and legal return.
The ‘Backdoor’ Strategy
According to the transcript of the broadcast, Abello claimed that Binance will not return under its own brand name. Instead, the global exchange will execute a “backdoor” entry by operating behind an existing Filipino company.
“Just to be clear, it’s not Binance that’s coming back. A Filipino company will be introduced, but Binance will be the one behind it.”
Arlone Abello, a.k.a. Coach Miranda Miner, Translated
“When this is clear, this exchange will be the very first international exchange to have a pathway back to the Philippine market,” Abello stated in a mix of English and Tagalog, before explicitly naming Binance.
He projected that the official relaunch will occur around June 19 to 21, 2026. Abello claimed his source from Binance noted that there are only a “few unlocks left” before the deal is clear and finalized.
Past Strategies and Local Action
At the time of writing, neither Binance nor Philippine regulators, such as the Securities and Exchange Commission (SEC) or the Bangko Sentral ng Pilipinas (BSP), have issued official statements confirming a partnership, acquisition, or licensed return of the exchange.
However, acquiring or partnering with a locally registered Virtual Asset Service Provider (VASP) is a common strategy utilized by global exchanges in heavily regulated jurisdictions, and it is a playbook Binance has openly considered for the Philippines.
In 2022, weeks after the BSP paused accepting applications for new VASP licenses, then-local Binance executive Kenneth Stern stated that their plan was to acquire an existing entity in the Philippines that already held both VASP and Electronic Money Issuer (EMI) licenses.
Binance’s attempts to establish a licensed foothold in the country have historically been fraught with controversy. In his recently published memoir, Binance founder Changpeng “CZ” Zhao alleged that Coins.ph CEO Wei Zhou, a former Binance executive himself, was the reason the global exchange was blocked from officially entering the Philippine market. Zhou has publicly denied these allegations.
Regulatory Actions
The rumors of a backdoor return come just months after the Philippine government successfully ousted the platform.
The rumors of a return come just 2 years after the Philippine government successfully ousted the platform. After the SEC issued the advisory against Binance in late 2023, local internet service providers were ordered by the National Telecommunications Commission (NTC) to block access to Binance’s website in early 2024. Subsequently, the Binance mobile application was formally geo-blocked and removed from the Philippine Google Play Store in the Apple App Store in 2026.
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This article is published on BitPinas: Crypto Influencer Claims Binance to Relaunch in the Philippines via ‘Backdoor’ in June 2026
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