Top Cryptocurrency Companies in Thailand

Thailand's cryptocurrency industry has emerged as a key player in the country's financial landscape, with an increasing number of individuals and businesses embracing digital assets for various purposes. The industry's growth has contributed to Thailand's GDP and employment rates, positioning it as a key driver of the country's economic development. This article offers an in-depth analysis of the cryptocurrency industry's performance in 2022, its growth drivers, challenges, and future outlook.

read full article below
Filter bySearch by company name, registration number or domain name
CompanyHeadcountContactDescriptionDecision Maker
DIAMOND REHAB THAILAND(blank) +66 2 460 9350
info@diamondrehabthailand.com

The Diamond Rehab Thailand is a leading inpatient rehabilitation centre. We provide world-class addiction and mental health treatment programmes tailored to your unique needs. Using a combination of proven Eastern and Western therapeutic techniques, well work with you to help you overcome addiction, address underlying issues at their source and guide you through a bespoke treatment plan designed to help you move forward in life.

Z.COM RESEARCH BY GMO RESEARCH(blank) +66 2 113 6184
(blank)

Z.com Research is a joint collaboration brand of GMO Research and NetDesign Group. We offer quick and easy online survey service for Market Research. Our online panel which was released in 2017 consists of more than 800,000+ registered panelists in Thailand. GMO Research, Inc. (TSE:3695) offers APACs No.1 Audience Engagement Platform that allows access to multi-country online panel network - the Asia Cloud Panel. Asia Cloud Panel consists of over 53 million online consumer panelists across 16 APAC markets. NetDesign Group was founded in 1999, starting from internet and design institute business. In 2016, NetDesign Group has merged with GMO Internet Group, a Japanese leading company which provides internet infrastructure service, online marketing business, financial business, web infrastructure, cloud computing and cryptocurrency under the brand Z.com. The group consists of 110 group companies, over 5,100 group staff and 56 locations.

ATLAS.WORK2 (blank)
bounty@atlas.work

Atlas is a new global freelancing platform that incorporates blockchain technologies to create a decentralized ecosystem that will reach across borders and revolutionize the Freelance Industry. From transactions via Cryptocurrencies, to a full Ranking and Arbitrary System, Atlas provides new tools that drastically change how users engage in work online.

REFLEXION1 +66 95 549 0236
contact@reflexion.asia

Build, growth and manage your Real Estate portfolio in Asia. Invest in the future you believe in

SILK LEGAL17 +66 2 107 2007
info@silklegal.com

Silk Legal is a boutique law firm that focuses on complex legal matters in Thailand. Our expert knowledge of Thailands regulatory climate and handling of commercial matters help you explore solutions to your business needs, offering you a global perspective tailored to your requirements. We are equipped with the experience to help you navigate both present and future challenges facing your business. Our firm specializes in dedicated practice areas such as Corporate & Commercial, Dispute Resolution, regulated substances, Restructuring & Insolvency, and general regulatory matters. We serve both start-ups and multinational companies of all sizes in several industries including Fintech, blockchain & crypto, cannabis, manufacturing, and hospitality. Silk Legal is centered around exceptional client service. Our local and international clients achieve their business goals through our keen legal expertise, qualified services, and personalized legal solutions. Our clients success is our…

BLOCKCHAIN-ADS10 +66 64 475 2645
contact@blockchain-ads.com

Building the new #Web3 Generation in #Marketing Intelligence & Technology. in the Web3 Vertical, Blockchain-Ads brings GoogleAds Performance and BraveAds Privacy, making it the most effective goal optimisation solution on the planet today. Dynamic Ad mechanics and OCMA technology, Web3 User Profile Targeting On-chain ROI optimization Join Us

NFT1.FORGE14 (blank)
bd@nft1.global

NFT 1 is an innovative production house that works with artists and musicians to create viral high-quality NFT art. Our executive team unifies experts across industries: crypto professionals, celebrity marketing, art and music producers. NFT1s clients are leading international music celebrities, production labels, and artists. The company is headquartered in Singapore. NFT1 provides expertise in digital art, video, and music NFT production helps to produce unique NFTs and supports every artist with global PR campaigns and targeted marketing strategy across Asia and Europe. We pitch to international NFT collectors, organize events and pre-sales, provide guidance setting up secure crypto wallets, negotiate better sales opportunities with marketplaces, collaborate with global crypto media/influencers, and provide weekly automated sales reports to Creators. We build unique NFT campaigns based on each Creators specific needs and help any artist produce NFTs and sell directly with a wide …

NFT1.GLOBAL5 (blank)
bd@nft1.global

🚀 BE PART OF THE WEB 3.0 REVOLUTION! 🚀 NFT1 is a Web 3.0 Blockchain technology company that creates state of the art crypto/NFT Engines. These engines enable brands, games, sports/esports, music, event, and art companies to enter Web 3.0 and create true solutions with real-world utility.

21CT RESEARCH9 +66 96 717 9404
admin@21ctresearch.com

21CT Research is devoted to the development and advancement of the already fast-growing blockchain community. Our vision is to introduce the promisingly cutting-edge, yet complicated, blockchain technology to people who are eager to join the community but have yet to overcome the barriers to entry. Our first mission is to help transform the complex idea of distributed ledger technology and all its applications into an easy-to-read, easy-to-understand concept. We offer a simplified and summarized version of a variety of content about Blockchain Technology from the 101s of Bitcoin all the way to the Internet Computer. We aim to make our community as inclusive as possible by offering accurate and comprehensible translation in multiple languages across Asia. Visit our Facebook page at https://www.facebook.com/PubBit.TH Our next mission is to introduce non-technical people to the decentralized applications of blockchain technology through a dApp that we are currently developing. Our goal…

THAILAND CRYPTO EXPO1 +66 2 735 1201
admin@thailandcryptoexpo.com

M Vision PCL. This expo aims to shed light on the following: o Offer in-depth understanding of digital assets, blockchain technology, and how these components interact in the cryptocurrency industry. o Assist people, groups, and investors in connecting with crypto specialists and service providers in search of fresh investment prospects. o Establish a unique, perfect platform where people can learn more about how blockchain technology will benefit them in the future and build their businesses. o Hear from and connect with C-Level executives, professionals, and influencers in the crypto-sphere globally. The global adoption of blockchain technology will eventually have a significant impact on every sector of business and industry. Therefore, firms must learn how they will use blockchain to maximize their business and investment potential.

KONRAD ESTATE13 +66 86 150 0079
info@konrad-estate.com

We are the #1 International Real Estate Company in the market of Thailand. We use our 12 years experience in the international property market to find the best offers that fit lifestyle and investment needs of our clients (villas, condos, resorts as well as land). We: - are crypto-friendly - can easily carry out all purchasing process online - also offer real estate in Bali, UAE, Montenegro, Great Britain, Greece and Mexico. Our professional specialists are always ready to assist every step of deal. Feel free to reach out to us. In a mean time please feel free to check our social media: - https://instagram.com/konrad.estate

EXPAT GOLD FINANCE1 +66 84 464 0432
admin@finance.expatgold.asia

Our mission is to deliver superior investment results and to conduct our business with the highest integrity. We strive to take a best-in-class approach across key funding classes. This includes a flexible multi-boutique structure which provides managers and project owners with a unique mix of credibility and a performance-driven culture. We achieve this by adhering to independent risk management, market-leading technology, strong governance and ethics, as well as by tapping into our broad network of sustainable partnerships.

MADEVIRAL48 (blank)
info@madeviral.co

Make Waves, Build Your Fanbase & Go Global In The Gaming and Crypto Space Madeviral launches your brand into the heart of the gaming and crypto community and puts your product in front of your ideal audience. With expert teams across the globe, we bring local knowledge, top influencer connections and outside-the-box creativity to help you engage millions of people and make a powerful, long-term impact. Its marketing by gamers, for gamers.

CRYPTOMIND56 (blank)
contact@cryptomind.group

Cryptomind Group Holdings is Thailands leading pioneer in digital asset financial services and investment product development. Under our parent company, we have: Merkle capital The first and largest digital asset management firm in Thailand with the ambition of helping retail and institutional investors get exposure in a booming digital asset industry with a peace of mind. Cryptomind Advisory: A top tier digital asset advisory service provider, serving many unicorn projects, in business development, marketing, community management, partnership, fundraising and much more.

TPCS PUBLIC COMPANY LIMITED44 +66 2 294 0071
hrm@tpcsplc.com

Thailands diversified textile and nonwovens manufacturing company. Needlepunch, highloft waddings, and thermobond interlining fabrics for apparel.

SIX NETWORK24 +66 92 552 8252
dpo@six.network

SIX Network project focuses on unleashing the true power of digital assets through the power of blockchain and smart contracts to create effective decentralized financial services and a blockchain infrastructure essential for businesses. By providing valuable tools with the flagship products like SIX Protocol and Definix, businesses across industries will be able to build projects on multi-blockchain networks and conveniently access the emerging world of digital asset investment. At SIX Network, were constantly seeking ways to develop the best initiatives in the crypto space. Launched in 2018, SIX Network has undertaken many blockchain-based projects utilizing metadata and smart contracts. Currently, we are preparing to launch our biggest ambition project, SIX Protocol, SIX Networks first-ever public blockchain aims to help bring businesses to the Web3.0 era. Hence, were scaling up our operation to pursue this mission. Why work at SIX Network? - Flexible and casual working environmen…

BLUE ORANGE ASIA DIGITAL BRAND MARKETING AGENCY(blank) +66 2 231 8047
ideas@blueorangeasia.com

Blue Orange Asia is an Award Winning Creative Branding, Advertising and Digital Marketing Agency servicing clients in Singapore, HCMC Vietnam, Hong Kong, Yangon Myanmar, Kuala Lumpur Malaysia and Manila Philippines. With over 20 years of accredited experience gained from the best global agencies at the core of everything we do, many of the best brands in the world work with us because we deliver Better Ideas and Better Results. Ideas that perform better. Results that generate better returns. To experience our clear difference contact us now and well show you the most effective way to build your brand better. We services clients in the market sectors of Sports Streaming Media, NFT Play to Earn Games and Collectibles, Video Games, Gamefi, DeFi Cryptocurrency, Crypto Finance, Shipping and logistics, SaaS Software, Smart Tech, FMCG, Consumer Retail, Beauty and Skincare, Cosmetics, Hospitality, Banks and Insurance, Hotels, Travel and Tourism, Golf Clubs, Healthcare and Wellness…

FUTURE COMPETERE9 +66 2 219 1501
info@futurecompetere.com

We believe in the power of Digital Assets and Blockchain Technology to drive businesses. With our proprietary methodology, we drive best-in-class customer engagement, form long-term customer relationships, and even cross-transform customers into investors, and vice versa. We are your Venture Partner. Using our state-of-art Blockchain technology combined with innovative business applications, we deliver an unparalleled solution to augment your strategy and deliver breakthrough results. To achieve this goal, our team dedicate time and expertise to understand your business expectations, identify gap, and pursue the opportunity to grow your business exponentially.

SATANG TECHNOLOGY CO., LTD5 +66 2 026 6107
info@satang.com

Satang Technology, a sister company of Satang Corporation, was established in 2019 with extensive experience in Blockchain Technology, Digital Asset Exchange, Finance, and IT services. Our main goal is to provide full stop service in digital assets business and its related field such as money remittance using cryptocurrencies.  Our CEO, Poramin Insom, is also the creator of the global top 50 digital currency called Firo ,formerly Zcoin, and a founder of the oldest Thai digital asset exchange, Satang Pro.

KULAP7 +66 97 134 2090
info@kulap.io

KULAP is a decentralized exchange (DEX) that allows you to exchange your digital assets with incorruptible secure and BEST RATE. With our system, users will be able to exchange more than 150 tokens under ETH, ERC20 and ERC223 standard. Easy to use Kulap is a new decentralized application which is used to exchange and trade digital asset. It is designed with clean and clear interface to be easy to use for everyone. Faster and Cheaper Peer-to-Peer allows the users to trade directly with each other without third party, resulting in faster and cheaper transaction. Incorruptible Security All transactions on KULAP system are stored with transparency on the blockchain using highly protected for maximum security.

Top Cryptocurrency Companies in Thailand

Key Statistics from 2022: GDP and Employment

In 2022, the cryptocurrency industry contributed 0.8% to Thailand's GDP, registering a growth of 25.1% compared to the previous year. This strong performance can be attributed to factors such as increased investor interest, the rising number of cryptocurrency startups in Thailand, and the expansion of digital asset trading platforms.

The industry's impact on employment is also noteworthy, with over 10,000 people directly employed in various cryptocurrency subsectors, including exchange operators, blockchain developers, and digital asset consultants. This figure represents a 22.3% increase in employment compared to 2021, highlighting the industry's role in creating job opportunities for the Thai population.

Factors Contributing to Growth and Success: Government Initiatives

The Thai government has played a crucial role in supporting the growth of the cryptocurrency industry through several initiatives, including:

Regulatory Framework:

Thailand's Securities and Exchange Commission (SEC) has implemented a clear regulatory framework for digital assets, covering aspects such as licensing requirements, anti-money laundering measures, and investor protection.

Central Bank Digital Currency (CBDC):

The Bank of Thailand (BOT) is actively exploring the development of a CBDC, which could potentially drive further growth in the cryptocurrency industry.

Tax Incentives:

The government offers various tax incentives for cryptocurrency startups, including tax exemptions and reduced rates for digital asset transactions.

Industry Growth and Yearly Comparison:

Thailand's cryptocurrency industry has experienced consistent growth across several subsectors, as evidenced by the following figures:

Digital Asset Exchanges:

In 2022, the digital asset exchange subsector saw a 28.7% growth compared to the previous year, driven by the increasing number of trading platforms and the growing demand for cryptocurrencies.

Blockchain Development:

This subsector recorded a 24.3% growth in 2022, attributed to the rising interest in blockchain technology and its applications across various industries.

Digital Asset Services:

The digital asset services subsector experienced a 19.4% growth in 2022, fueled by the expanding range of cryptocurrency-related services, such as custody solutions, lending platforms, and payment processing.

Key Trends: Technological Disruptions

Technological advancements have had a profound impact on the cryptocurrency industry in Thailand. Some of the key trends include:

Decentralized Finance (DeFi):

The DeFi movement, which aims to create decentralized, trustless financial services using blockchain technology, has gained significant traction in Thailand, driving the development of new products and platforms.

Non-Fungible Tokens (NFTs):

NFTs have emerged as a major trend in the digital asset space, with artists, content creators, and collectors increasingly turning to NFTs for monetization and ownership of unique digital assets.

Layer-2 Scaling Solutions:

The adoption of layer-2 scaling solutions, such as the Lightning Network and Plasma, is helping to address the scalability and transaction cost issues associated with popular blockchain networks like Bitcoin and Ethereum.

Central Bank Digital Currencies (CBDCs):

The development of CBDCs by various central banks, including the Bank of Thailand, has the potential to reshape the financial landscape and further integrate digital currencies into the mainstream economy.

Challenges:

Despite the impressive growth of the cryptocurrency industry in Thailand, several challenges must be addressed to ensure its sustained success:

Regulatory Uncertainty:

While the Thai government has implemented a regulatory framework for digital assets, further clarity is needed to address potential ambiguities and ensure a consistent approach to cryptocurrency regulation.

Security and Fraud Risks:

Ensuring robust security measures and addressing the risk of fraud are essential for maintaining the trust of consumers and businesses in the cryptocurrency industry.

Talent Gap:

The industry must focus on developing a skilled workforce, particularly in areas such as blockchain development, digital asset management, and cybersecurity.

Future Outlook:

The future outlook for Thailand's cryptocurrency industry remains positive, with several opportunities for further growth and development. These include the expansion of DeFi applications, the integration of cryptocurrencies into traditional financial services, and the adoption of blockchain technology across various sectors. By addressing the aforementioned challenges and capitalizing on emerging trends, Thailand's cryptocurrency industry is poised for long-term success and will continue to play a vital role in the country's economic growth.

Conclusion:

Thailand's cryptocurrency industry has experienced remarkable growth in recent years, driven by a combination of factors such as supportive government initiatives, increased investor interest, and technological advancements. The industry has made significant contributions to the country's GDP and employment rates while undergoing significant technological disruptions. By addressing the challenges and seizing the opportunities presented by emerging trends, the cryptocurrency industry in Thailand is well-positioned to continue its upward trajectory and contribute to the nation's economic prosperity.

undefined's picture
By Melissa Goh
Published on 30 May 2023