Thai Digital Asset Market Tops THB1 Trillion Mark Despite Slowing Trade
SEC report shows total market value rose nearly 4% in September, but retail investors continue to drive over 80% of all trading activity
- Thailand's digital asset market value surpassed the THB 1 trillion mark, reaching THB 1.045 trillion in September 2025, a 3.99% increase from the previous month.
- This growth in valuation occurred despite a slowdown in market activity, with average daily trading value declining by 16.63% and the number of active accounts falling by 5.37%.
- The market remains heavily dominated by retail investors, with domestic and foreign individuals collectively accounting for over 83% of the total trading value.
Thailand's digital asset market continued its expansion through September 2025, with the total valuation pushing past the symbolic one trillion baht threshold, according to the latest report from the Securities and Exchange Commission (SEC).
The SEC's "Monthly Digital Asset Market Report" revealed that the market’s total value hit 1.045 trillion baht, representing a 3.99% rise compared to the previous month.
This growth came despite a softening in trading activity, with the average daily trading value dipping 16.63% to 2.50 billion baht.
The investor base saw a slight contraction, with the number of active accounts falling 5.37% month-on-month to 218,000, out of a total of 2.92 million registered accounts.
Retail Dominance Continues
The report highlighted the market's reliance on private capital, with domestic and foreign retail investors collectively accounting for over 83% of all trading value.
Foreign retail investors led with 42%, narrowly outpacing domestic retail at 41%. Institutional participation remains marginal, with domestic and foreign entities accounting for just 14% and 2% respectively, confirming that the Thai digital asset landscape is fundamentally driven by individual investors.
Globally, the sector reflected a similar trend of cautious recovery. The worldwide digital asset market capitalization rose by 3.44% to $4.17 trillion USD, even as the average daily global trading value fell 12.61% to $30.51 billion USD.
BTC and XRP Lead Performance
Bitcoin (BTC) remains the key anchor globally, maintaining its dominant market share at 54.50%, followed by Ethereum (ETH) at 12%, and Tether (USDT) at 4.19%.
Key coins delivered positive results throughout the month: XRP saw the sharpest price surge, increasing by over 6.92%. It was followed by Ethereum (ETH) at 5.31%, Solana (SOL) at 4.39%, Bitcoin (BTC) at 1.85%, and BNB at 1.80%.
The robust year-on-year returns for coins like XRP and Bitcoin underscore the sector’s high-growth potential. XRP delivered the highest annual return at 365.57%, while Bitcoin provided 91.49%, and Ethereum 68.79%, all of which continue to significantly outperform traditional assets like gold and global stock indices.
The Thai market currently facilitates trading for 321 different coins through licensed exchanges, including key platforms such as Bitkub, Satang, Zipmex, Upbit, and Bitazza.
The September data suggests the digital asset market, both domestically and internationally, is in a period of “cautious recovery,” backed by unwavering confidence in foundational coins like BTC and ETH.
