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Thai crypto adoption is booming, with volume up 588% since November

Published 04/05/2021, 01:24 AM
Updated 04/05/2021, 03:00 AM
Thai crypto adoption is booming, with volume up 588% since November

Crypto adoption appears to be booming in Thailand, with the local Securities and Exchange Commission, or SEC, estimating domestic crypto volumes have increased by nearly 600% since November.

Data compiled by the Thai’s SEC and published by Bloomberg indicates combined volume across licensed Thai crypto exchanges increased from 574.5 million in November to $3.96 billion in November.

Weekly P2P volume between BTC and Thai Baht: Useful Tulips

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