The Thailand crypto market is transitioning from a retail focus to a more institutional framework, according to Binance Thailand CEO Nirun Fuwattananukul. He noted that recent regulatory changes by the Thai Securities and Exchange Commission (SEC) represent an important step in developing the cryptocurrency landscape in the country. These changes, which allow institutional-grade mutual and private funds to invest in crypto products, aim to broaden the acceptance of digital assets in mainstream finance. Fuwattananukul emphasized the intention behind these regulations goes beyond merely legitimizing Bitcoin; they are about establishing a mature ecosystem where traditional finance and crypto coexist. However, retail access will be limited as these new funds target only high-net-worth investors. Despite this institutional shift, retail trading remains prevalent, with competitors like Bitkub recording substantial daily volumes. Additionally, the surge in real-world asset tokenization is expected to significantly grow the sector, positioning Thailand as a digital asset hub amidst evolving regulatory landscapes.

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