- XRP leads Thai assets for nine straight months with 390% annual gain despite August dip.
- Cryptocurrencies top Thai SEC rankings, pushing gold and equities behind in performance.
- Banking crackdowns drive 3M locals toward blockchain, boosting active crypto participation.
XRP was named Thailand’s best-performing asset for the ninth consecutive month, according to the country’s Securities and Exchange Commission (SEC).
The regulator’s August 2025 report showed XRP holding a 390% annual gain, despite a 9.41% dip during August. That performance kept the token ahead of Bitcoin, gold, and equities, underscoring its dominance across the Thai investment market.
Related: Thailand Launches “TouristDigiPay,” Lets Crypto-to-Baht Conversion for Visitors
Cryptocurrencies Lead Thailand SEC Rankings
The SEC’s August rankings placed cryptocurrencies in the top three slots, showing their growing weight in the country’s financial landscape. Traditional assets like gold and equities lagged behind, signaling how digital assets have captured investor attention with stronger year-over-year performance.
Trading volume in Thailand rose 2% to 299.4 billion baht ($8.2B) during August. Retail investors remained the most active group, accounting for 42% of all trades, followed by institutions at 21%, juristic entities at 18%, and external investors at 16%.
Participation Rises Despite Payment Restrictions
Thailand still restricts most cryptocurrencies for payments, allowing exceptions mainly for tourists using stablecoins like Tether and limited Bitcoin transactions. Even so, domestic demand for digital assets has grown. Active crypto addresses rose 8.44% in August to 230,000.
The surge came alongside a crackdown on so-called “mule accounts” in banking. The sweep left an estimated three million Thais without traditional banking access, driving more citizens to blockchain-based alternatives. Analysts say the shift highlights how crypto use can accelerate when conventional finance fails to serve households.
Regulator Highlights Shift in Investor Behavior
By ranking XRP as Thailand’s leading asset for nine months straight, the SEC signaled not just XRP’s resilience but also a broader market shift.
The regulator continues to monitor digital asset participation closely as retail, institutional, and foreign investors deepen their exposure to crypto markets.
Related: Asia Crypto Roundup: XRP Leads Thailand, Shanghai Court Sells Filecoin
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