The recent removal of capital gains tax on crypto in the Philippines, initially enacted in 2022, has led to a significant increase in trading activity, with exchange volumes jumping 340% within six months. This policy change underscores a growing trend where lenient crypto tax frameworks encourage short-term trading, as traders are more inclined to take profits without penalty. Consequently, this shift is seen as bullish for traders and the trading platforms they use, such as decentralized exchanges with fee-sharing tokens like Hype and dydx, which benefit directly from the increased trading velocity.
Philippines’ zero capital gains tax boosts exchange volumes 340%
