Thailand: cryptocurrencies penetration rate 2018-2028

The penetration rate in the 'Cryptocurrencies' segment of the fintech market in Thailand was forecast to remain on a similar level in 2028 as compared to 2023 with 0 million percent. According to this forecast, the indicator will stay nearly the same over the forecast period.

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Penetration rate of cryptocurrencies in Thailand 2018-2028

Characteristic	Penetration rate
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

Cryptocurrencies are digital currencies that use an online ledger with strong cryptography to secure online transactions. Generally, cryptocurrencies are decentralized networks based on blockchain technology – a distributed ledger technology that autonomously records peer-to-peer transactions across decentralized computers without a central authority. Cryptocurrencies are predominantly traded and exchanged cryptocurrency exchanges, neobrokers, and neobanks.

Cryptocurrency networks, cryptocurrency exchanges, neobrokers, and neobanks require digital onboarding of their clients and do not have physical branches to provide consultations and services to their customers. Nevertheless, it is not mandatory for their potential clients to have a smartphone to open an account. The above-mentioned financial entities usually charge a fee for their services, and, given the nature of cryptocurrency trading activities, these platforms can be accessed either via a mobile app or via a desktop website.

Additional Information:

Within our market scope, we focus only on cryptocurrency exchanges, online trading platforms, and neobanks that provide either exclusively B2C or both B2B and B2C services.Key players in this market are Coinbase, Binance & Robinhood.

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