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 the region regarding regulations and framework. He said awareness of crypto is moderately high in the country, though there's always room for further education.

Advertisement

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 markets.

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 THB100 billion (US$3.08 billion), with daily trading value of roughly THB3 billion, rising from last year's THB91.3 billion and THB1.79 billion, respectively.

Advertisement

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 Binance that the opportunity is high for the country 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.