Thailand’s Best Performing Asset Is XRP—Not Bitcoin, Gold or Stocks

Thailand’s top market regulator has ranked XRP as the top asset for the ninth month running as the token maintains its lead over Bitcoin, gold, and stocks.

XRP has emerged as Thailand’s hottest asset, according to the Thai Securities and Exchange Commission’s monthly cryptocurrency market report. The regulator has ranked XRP as the top asset for nine consecutive months, as it maintains its healthy lead over other major forms of investment based on performance.

XRP Is the Hottest Asset in Thailand

For context, the report covered major assets based on their year-over-year performance as of August 2025. Again, XRP topped the ranking for the month, maintaining a strong 390% upside despite a 9.41% decline last month.

Remarkably, cryptocurrencies now comprise the top three assets in Thailand, indicating the sector’s significant growth potential. Their performances would continue to enhance their investor appeal, as they have consistently outperformed traditional investment vehicles, such as gold and equities.

XRP Leads Expanding Cryptocurrency Market in Thailand

Meanwhile, cryptocurrencies continue to thrive in Thailand, the report emphasized. The monthly trading volume grew 2% to reach 299.4 billion baht, which is about $8.2 billion.

The number of active addresses also saw an 8.44% uptick in August to 230,000, largely dominated by retail traders. They accounted for 42% of the total trades in Thailand, followed by institutional traders at 21%. Juristic entities and external investors constituted the remaining percentage at 18% and 16%, respectively.

Interestingly, this growing demand for digital assets persists despite Thailand banning most cryptocurrencies as a means of settlement. The exceptions are stablecoins like Tether, which the country approved for trading and settlements, and Bitcoin payments for tourists.

Nonetheless, Thai locals are increasingly tilting towards cryptocurrencies, especially with the latest debanking event, where 3 million locals lost access to traditional banking services due to a nationwide “mule account” crackdown. Many suggest that this hands alternative systems like blockchain technology the opportunity to penetrate the Thailand market.