Hanoi (VNA) - Thailand has ample potential to become a cryptocurrency hub in AsiaPacific, says Binance, as the world's largest crypto exchange operator identified three pillars to capitalise on growth in the fast-growing region.
SB Seker, the new head of Asia-Pacific for Binance, was quoted by local media as saying that Thailand has a lot of potential to further develop the digital asset space, supported by a clear legal framework, crypto awareness among the population and the macroeconomic point of view.
In terms of legal stability, Thailand is ahead of many countries in AsiaPacific regarding regulations and framework. He said awareness of crypto is moderately high in the country, though there's always room for further education.
According to Chainalysis's latest annual report, Thailand ranked 17th in the 2025 global crypto adoption index and seventh in Asia-Pacific, following some of the world's most dynamic and populous market.
Other factors include greater disposable income and the ability of people to make plans about various assets or treasury options, he said.
Thailand’s Securities and Exchange Commission data indicated the value of digital assets in Thailand as of August was nearly 100 billion THB (3.08 billion USD), with daily trading value of roughly 3 billion, rising from 91.3 billion THB and 1.79 billion THB, respectively, in 2024.
There were 2.83 million digital asset accounts last month, up from 2.43 million accounts last year.
Thailand has room for further growth. These improving statistics show Biance the opportunity is high for Thailand to develop as a digital asset hub within the region, said Seker.
Thailand is critical for Binance to achieve its ambitious goal of reaching 1 billion users by the end of this year./.
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