机构研究报告-Cryptocurrencies in Thailand-外文版培训课件

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01OverviewShareofrespondentswhoindicatedtheyeitherownedorusedcryptocurrenciesin56countriesandterritoriesworldwidefrom2019to2024Annualcryptocurrencyadoptionin56differentcountriesworldwide2019-2024201916%18%8%202014%12%8%202121%12%10%18%14%13%14%11%9%202235%22%22%23%15%18%14%15%12%16%19%19%15%202326%28%27%22%-202430%24%22%22%20%19%18%17%17%16%16%16%16%ArgentinaBrazilIndiaSouthAfricaPortugal16%9%17%8%SwitzerlandChile10%11%10%12%7%9%21%15%-12%10%11%8%DominicanRepublicMexico13%17%19%20%16%Australia9%NetherlandsSouthKoreaUnitedStates10%6%9%10%8%8%5%7%8%3Description:ConsumersfromcountriesinAfrica,Asia,andSouthAmericaweremostlikelytobeanownerofcryptocurrencies,suchasBitcoin,in2024.Thisconclusioncanbereachedaftercombining55differentsurveysfromtheꢀStatista'sConsumerInsightsoverthecourseofthatyear.NearlyoneoutofthreerespondentstoStatista'ssurveyinNigeria,forinstance,mentionedtheyeitherownedoruseadigitalcoin,ratherthansixoutof100respondentsintheUnitedStates.Thisisasignificantchange[...]

ReadmoreNote(s):Worldwide;April3,2023,toMarch26,2024;2,000or12,000respondentspercountry;18-64years;Residentialonlinepopulation,picked"cryptocurrency(e.g.Bitcoin)"Source(s):StatistaConsumerInsightsNumberofcountriesworldwidethatareinvolvedinthedevelopmentofacentralbankdigitalcurrency(CBDC)from2017to2024NumberofcountriesintheworlddevelopingCBDC2017-20241201051001111069086818060402007165201720182019202020212022202320244Description:Bytheendof2023,morethan100countriesacrosstheworldwereinvolvedinthecreationoftheirownCBDC-althoughthemajoritywasstillresearching.Thisisaccordingtoatrackerthataimstomapoutthedevelopmentstatusofsuchcentralbankdigitalcurrencies,ordigitalvariantsofFXsuchastheU.S.dollaroreuroandwhichmayrelyonblockchaintechnology.CBDCbecameanincreasinglytrendingtopicsince2021,aftercryptocurrenciesandstablecoins-digitalcoinsbuiltonthe[...]

ReadmoreNote(s):Worldwide;2017to2024;countriesorcurrencyunionswhereCBDCprojectsareeitherin"research","development","pilot"or"launched"stateSource(s):AtlanticCouncil(CentralBankDigitalCurrencyTracker)RevenueofcryptocurrencyindustryinSoutheastAsiafrom2018to2023,withforecastsuntil2027(inmillionU.S.dollars)RevenueofcryptocurrencyindustrySEA2018-20272,5002,0002,3492,2122,0451,7691,5001,00050001,38499867321040402018201920202021202220232024*2025*2026*2027*5Description:TherevenueinthecryptocurrencyindustryinSoutheastAsiaamountedto673millionU.S.dollarsin2022.Therevenuewasestimatedtoincreasecontinuouslyandreachover2.3billionU.S.dollarsin2027.

ReadmoreNote(s):Asia;April2023;*ForecastDataprovidedbyStatistaMarketInsightsareestimates.DataprovidedbyStatistaMarketOutlooksareestimates.ThedataencompassesB2Centerprises.Figuresarebasedontransactionvalues/revenues/[...]

ReadmoreSource(s):Statista;StatistaDigitalMarketInsightsPubliccompanieswiththelargestBitcoin(BTC)holdingsintheworldasofasJanuary21,2025The15biggestpubliccompanieswithBitcoin(BTC)worldwideasofJanuary21,2025Number

ofBTC

purchasedValue

as

ofJanuary

9,

2024

(in

million

USD)Microstrategy,Inc.(UnitedStates)MARAHoldings,Inc.(UnitedStates)RiotPlatforms,Inc.(UnitedStates)Hut8MiningCorp(Canada)45000044893177221017110097972046099.354598.971815.491041.951034.37995.75CleanSpark,Inc.(UnitedStates)Tesla,Inc.(UnitedStates)CoinbaseGlobal,Inc.(UnitedStates)Block,Inc.(UnitedStates)9480971.168363856.73BitcoinGroupSE(Germany)3589367.67BoyaaInteractiveInternationalLimited(HongKongSAR)3183326.08GalaxyDigitalHoldingsLtd(Canada)HIVEDigitalTechnologies(Canada)31502805322.7287.356Description:Teslamadeheadlinesin2021whenitcomestobuyingBitcoin(BTC),butthesoftwarecompanyMicroStrategyheldovertwicetheiramountofthecryptocurrency.Thisaccordingtoanoverviewcreatedbyaccessingwhatinformationwasavailablefrompubliclylistedcompanies,suchasfromtheirquarterlyreportsorfilings.ThefiguresprovidedareonhowmuchBitcointhecompanieshaveboughtandkeepintheirtheircorporatetreasury,essentiallymakingcryptocurrenciespartoftheir[...]

ReadmoreNote(s):Worldwide;January21,2025,asof10:57CET;Forsomecompanies,thesourcecoulddeterminethatthepubliccompanyownedBTCbutnot<em>when</em>theywerebought.Ifthatisthecase,thispubliccompanydoesnothaveanentryinthe"costattimeofpurchase"column.Source(s):VarioussourcesCHAPTER

02KeyindicatorsRevenueofthecryptocurrenciesindustryinThailand2018-2028(inmillionU.S.dollars)RevenueofthecryptocurrenciesindustryinThailand2018-2028450400350300250398.92377.09354.43331.26292.68236.6120015010050179.33115.53202241.7420208.878.4502018201920212023202420252026202720288Description:Therevenueinthe'Cryptocurrencies'segmentofthefintechmarketinThailandwasforecasttocontinuouslyincreasebetween2024and2028byintotal106.2millionU.S.dollars(+36.29percent).Afterthesixthconsecutiveincreasingyear,theindicatorisestimatedtoreach398.92millionU.S.dollarsandthereforeanewpeakin2028.ReadmoreNote(s):Thailand;2018to2028Source(s):StatistaTradingvolumeofcryptocurrenciesinThailandfromJanuary2022toOctober2024,bytraderclassification(inbillionThaibaht)TradingcryptocurrencyvolumeThailand2022-2024,bytraderclassificationDomesitcjuristicpersonInternationaljuristicpersonInternationalnormalpersonDomesticnormalperson10090807060504030201009Description:AsofOctober2024,normaldomesticindividualscontributedthehighesttradingvolume,17billionThaibaht,amongtradersinThailand.Othertypesoftradersincludeinternationaljuristicpersons,internationalnormalindividuals,anddomesticjuristicpersons.ReadmoreNote(s):Thailand;January2022toOctober2024Source(s):SecuritiesandExchangeCommissionThailandMarketshareofthemosttradedcryptocurrenciesinThailandasofNovember2024MarketshareofleadingcryptocurrenciesThailand2024Shareoftradingvalue20%0%5%10%15%25%30%35%34%40%TetherBitcoinEthereumDogecoinLuna15%5%5%3%3%3%3%NEARGALAXRPOptimismKUB2%2%Others26%10Description:OnNovember1,2024,TetherhadthehighestmarketshareofthemosttradedcryptocurrenciesinThailand,accountingfor34percentoftheentiremarket.OtherleadingtradedcryptocurrenciesinThailandwereBitcoinandEthereum.

ReadmoreNote(s):Thailand;November1,2024Source(s):SecuritiesandExchangeCommissionThailandDistributionoffinancialtechnology(FinTech)firmsinThailandasofSeptember2024,bytypeoffirmDistributionofFinTechfirmsThailand2024,bytypeoffirmBlockchaininfinancialservices43%Payments57%11/statistics/1293999/thailand-distribution-of-fintech-firms-by-firm-typeAsofSeptember2024,theshareofFinTechfirmsinThailandwashighestforpaymenttypeinstitutions,whichamountedto57percentcomparedtoothertypesofFinTechfirms.ThiswasfollowedbyblockchaininfinancialservicesFinTechfirms.ReadmoreNote(s):Thailand;asofSeptember2024Source(s):PwC;SingaporeFinTechAssociation;UnitedOverseasBankCHAPTER

03DemographicsNumberofusersofcryptocurrenciesinThailand2018-2028(inmillions)NumberofusersofcryptocurrenciesinThailand2018-20282017.6717.51816141210817.1516.6315.4313.028.846.22641.5821.240.9102018201920202021202220232024202520262027202813Description:Thenumberofusersinthe'Cryptocurrencies'segmentofthefintechmarketinThailandwasforecasttocontinuouslyincreasebetween2024and2028byintotal2.2millionusers(+14.26percent).Afterthetenthconsecutiveincreasingyear,theindicatorisestimatedtoreach17.67millionusersandthereforeanewpeakin2028.Notably,thenumberofusersofthe'Cryptocurrencies'segmentofthefintechmarketwascontinuouslyincreasingoverthepastyears.

ReadmoreNote(s):Thailand;2018to2028Source(s):Statista;StatistaDigitalMarketInsightsRevenueperuserofcryptocurrenciesinThailand2018-2028(inU.S.dollars)RevenueperuserofcryptocurrenciesinThailand2018-20283528.833025201510526.4822.5821.5520.6719.9218.9618.1713.0720229.756.810201820192020202120232024202520262027202814Description:Theaveragerevenueperuserinthe'Cryptocurrencies'segmentofthefintechmarketinThailandwasforecasttocontinuouslyincreasebetween2024and2028byintotal3.6U.S.dollars(+18.99percent).Accordingtothisforecast,in2028,theindicatorwillhaveincreasedforthesixthconsecutiveyearto22.58U.S.dollars.ReadmoreNote(s):Thailand;2018to2028Source(s):Statista;StatistaDigitalMarketInsightsDistributionofcryptocurrencyinvestorsinThailandasofNovember2024,bygenderDistributionofcryptocurrencyinvestorsThailand2024,bygender60%52.9%50%40%30%20%10%47.1%0%MaleFemale15Description:AsofNovember2024,mostcryptocurrencyinvestorsweremale,amountingto52.9percentoftotalinvestors.CryptocurrencieshavebecomeahighlydemandedformofinvestmentamongThaisrecently.

ReadmoreNote(s):Thailand;asofNovember2024;theaudiencessizeforthissegmentinthecountryis2,708,508Source(s):Start.ioDistributionofcryptocurrencyinvestorsinThailandasofNovember2024,byagegroupDistributionofcryptocurrencyinvestorsThailand2024,byagegroupShareofinvestors30%

40%0%10%20%50%60%70%80%18-24years25-34years74.7%19.7%35-44years3.3%45-54years1.1%55yearsandabove1.2%16Description:AsofNovember2024,around75percentofcryptocurrencyinvestorsinThailandwerebetween18and24yearsold.Incomparison,only1.1percentofinvestorswere55yearsandolder.SincetheCOVID-19pandemic,manyThaishavebecomeinterestedincryptocurrencies.ReadmoreNote(s):Thailand;asofNovember2024;theaudiencessizeforthissegmentinthecountryis2,708,508Source(s):Start.ioNumberofactivecryptocurrencytradingaccountsinThailandfromSeptember2022toOctober2024(in1,000s)NumberofactivecryptocurrencytradingaccountsThailand2022-20243002502001501005017Description:AsofOctober2024,thenumberofactivenewlyopenedaccountsforcryptocurrencytradinginThailandamountedtoapproximately117,000accounts.ThenumberofnewtradingaccountspeakedinSeptember2022butshowedadownwardtrendwithahikeinNovember2022.ReadmoreNote(s):Thailand;September2022toOctober2024Source(s):SecuritiesandExchangeCommissionThailandCHAPTER

04TradingplatformsMarketshareofleadingcryptocurrencyexchangeplatformsinThailandin2022MarketshareofmaincryptoexchangesinThailand2022Marketshare40%0%10%20%30%50%60%70%80%BitkubZipmex75.44%14.78%Bitazza8.52%SatangPro1.25%19Description:In2022,BitkubheldthemajorityofthecryptocurrencymarketshareinThailand,withapproximately75percentoftheannualtradingvolume.OtherThaicentralizedcryptocurrencyexchangesincludeZipmex,Bitazza,andSatangPro.ThailawsallowregisteredcryptoexchangestotradeorexchangedigitalassetsinThaibahtorothercryptocurrencieslistedbytheSECOffice.ReadmoreNote(s):Thailand;JanuarytoDecember,2022;exchangeswithDigitalAssetExchangeslicensesissuedbytheSecuritiesandExchangeCommissionofThailandSource(s):CoinGeckoTradingvolumeofleadingcryptocurrencyexchangeplatformsinThailandin2022(inbillionU.S.dollars)TradingvolumeofmaincryptoplatformsinThailand2022353025201510528.635.613.230.480BitkubZipmexBitazzaSatangPro20Description:In2022,BitkubhadthehighesttradingvolumeamongexchangeslicensedinThailand,withalmost28billionU.S.dollars.OtherThaicentralizedcryptocurrencyexchangesincludeZipmex,Bitazza,andSatangPro.ThailawsallowregisteredcryptoexchangestotradeorexchangedigitalassetsinThaibahtorothercryptocurrencieslistedbytheSECOffice.ReadmoreNote(s):Thailand;JanuarytoDecember,2022;exchangeswithDigitalAssetExchangeslicensesissuedbytheSecuritiesandExchangeCommissionofThailandSource(s):CoinGeckoNumberofcryptocurrencieslistedonlicensedexchangesinThailandasofDecember2024,byplatformNumberofcryptolistedonexchangesThailand2024,byplatformNumberofcoins400

50001002003006007008009008681,000KuCoinHuobi608Bybit408388BinanceOKX343CoinbaseExchangeKraken246229UpBit159Bitkub8776Bitazza21/statistics/1376501/thailand-number-of-cryptocurrencies-by-platformAsofJanuary2025,KuCoinhadthehighestnumberofcoinslistedonitsexchangecomparedtoothercryptocurrencyoperatorslicensedbytheThaiSECtooperateinThailand.Incomparison,Bitazzaprovidedthelowestnumberofcryptocurrencies.

ReadmoreNote(s):Thailand;January3,2025;onlyexchangeswithalicenseobtainedfromtheThaiSecuritiesandExchangeCommissionSource(s):SavcurvMostpopularcryptocurrencyapplicationsinThailandin2024,bydownloads(in1,000s)LeadingcryptoappsinThailand2024,bydownloadsNumberofdownloadsinthousands600

80002004001,0001,2001,4001,600BitkubBinance1,361.22368.87OKX219.38201MetamaskPiNetworkBybit145.54143.73Bitget114.13Tonkeeper(TONWallet)TrustWalletBitgetWallet102.16100.5992.2722Description:In2024,BitkubrankedfirstamongcryptocurrencyapplicationsinThailand,witharound1.4milliondownloads.ItwasfollowedbyBinancewhichrecordedabout368,900downloads,respectively.ReadmoreNote(s):Thailand;JanuarytoDecember,2024;totalnumberofdownloadsregisteredduringtheperiod:iPhone/iPadAppStoreandGooglePlaySource(s):AppMagicCHAPTER

05CoinsTradingvolumeofcryptocurrenciesinThailandfromJanuary2022toJuly2023(inbillionThaibaht)CryptocurrenciestradingvolumeThailandJuly2023160137.86136.6314012010080129.56107.92103.5779.4273.771.4865.9364.1255.276051.7550.1840.4936.54028.224.624.0420.95200Jan2022Feb2022Mar2022Apr2022May2022Jun

Jul2022

Aug2022

2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023Jun

Jul2023202324Description:AsofJuly2023,Thailand'stradingvolumeofcryptocurrenciesamountedtoaround24billionThaibaht,thesecond-lowestamountduringtheexaminedperiod.Thailawrecognizescryptocurrenciesanddigitaltokensasdigitalassets.

ReadmoreNote(s):Thailand;January2022toJuly2023Source(s):SecuritiesandExchangeCommissionThailandTradingvolumeofTetherinThailandfromJanuary2022toJuly2023(inbillionThaibaht)Tether(USDT)tradingvolumeThailandJuly202325201510519.0518.7717.8817.3416.916.9415.4815.45

15.4314.9414.5213.3412.3410.8710.159.027.036.896.60Jan2022Feb2022Mar2022Apr2022May2022Jun

Jul2022

Aug2022

2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023Jun

Jul2023202325Description:AsofJuly2023,Tether'stradingvolumeinThailandaccountedforaround6.9billionThaibaht.ThetradingvolumeofTetherinThailandfluctuatedovertheexaminedperiod.ReadmoreNote(s):Thailand;January2022toJuly2023Source(s):SecuritiesandExchangeCommissionThailandTradingvolumeofBitcoininThailandfromJanuary2022toJuly2023(inbillionThaibaht)Bitcoin(BTC)tradingvolumeThailandJuly20232018.741816141210813.613.2711.5911.3611.048.718.0465.255.094.794.584.223.974.0443.072.932.411.8920Jan2022Feb2022Mar2022Apr2022May2022Jun

Jul2022

Aug2022

2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023Jun

Jul2023202326Description:AsofJuly2023,Thailand'sBitcointradingvolumewasaround2.4billionThaibaht.ThetradingofBTConlicensedcentralizedexchangesfluctuatedthroughouttheexaminedperiod.ReadmoreNote(s):Thailand;January2022toJuly2023Source(s):SecuritiesandExchangeCommissionThailandTradingvolumeofEthereuminThailandfromJanuary2022toJuly2023(inbillionThaibaht)Ethereum(ETH)tradingvolumeThailandJuly20231211.1710.021088.948.167.817.797.36.61663.6143.1232.152.151.7421.21.230Jan2022

Feb2022

Mar

Apr2022

May

Jun2022

Jul2022

Aug2022Sep2022Oct

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Nov

Feb2023

Mar

Apr2023

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Jun2023

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2022

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2023

202327Description:AsofJuly2023,Thailand'stradingvolumeofEthereumwasaround1.2billionThaibaht.TheETHvolumeoftradelessenedwithfluctuationsthroughouttheexaminedperiod.ReadmoreNote(s):Thailand;January2022toJuly2023;sourcedidnotprovidedataforDecember2022andJanuary2023Source(s):SecuritiesandExchangeCommissionThailandTradingvalueofleadingcryptocurrenciesdevelopedinThailandasofJune2024(inThaibaht)TradingpriceofleadingThaicryptocurrencies2024ValueinThaibaht300102040506070KUBGF6010.7110.71BANDJFIN7.12ZMT0.2928Description:AsofJune17,2024,KUBorBitkubCoinhadthehighestpriceamongcryptocurrenciesdevelopedinThailand.BitkubBlockchainTechnologyCo.Ltd.,asistercompanytoBitkubOnlineCo.,Ltd.acryptocurrencyexchangeinThailand,developedtheKUBecosystem.ReadmoreNote(s):Thailand;June17,2024Source(s):SiamBlockchainCHAPTER

06NFTRevenueoftheNFTindustryinThailandfrom2018to2025(inthousandU.S.dollars)RevenueoftheNFTindustryinThailand2018-202516,00014,00012,00010,0008,00014,229.1311,948.226,153.845,999.865,499.186,0004,0002,00035.35201823.09201964.2020202021202220232024202530Description:Therevenueinthe'Non-fungibletokens'segmentofthedigitalassetsmarketinThailandwasforecasttoremainonasimilarlevelin2025ascomparedto2025with6millionU.S.dollars.Accordingtothisforecast,therevenuewillstaynearlythesameovertheforecastperiod.ReadmoreNote(s):Thailand;2018to2025Source(s):Statista;StatistaMarketInsightsNumberofNon-fungibletokens(NFT)inThailandfrom2018to2025(in1,000s)NumberofusersofNFTinThailand2018-202512010080105.53106.193.379.55604029.292021204.752.271.370201820192020202220232024202531Description:Thenumberofusersinthe'Non-fungibletokens'segmentofthedigitalassetsmarketinThailandwasforecasttoremainonasimilarlevelin2025ascomparedto2025with106.1thousandusers.Accordingtothisforecast,thenumberofuserswillstaynearlythesameovertheforecastperiod.Notably,thenumberofusersofthe'Non-fungibletokens'segmentofthedigitalassetsmarketwascontinuouslyincreasingoverthepastyears.

ReadmoreNote(s):Thailand;2018to2025Source(s):Statista;StatistaMarketInsightsAveragerevenueperuserinthe'Non-fungibletokens'(NFT)segmentofthedigitalassetsmarketinThailandfrom2018to2025TransactionvalueperuseroftheNFTindustryinThailand2018-2025450407.9940035030025020015010050178.8858.94202358.31202456.55202525.813.510.1920190201820202021202232Description:Theaveragerevenueperuserinthe'Non-fungibletokens'segmentofthedigitalassetsmarketinThailandwasforecasttoremainonasimilarlevelin2025ascomparedto2025with56.55U.S.dollars.Accordingtothisforecast,theaveragerevenueperuserwillstaynearlythesameovertheforecastperiod.ReadmoreNote(s):Thailand;2018