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EXIT 5MarketsตลาดThe market in baht

Bitcoin cost ฿263,800 on Bitkub in May 2018 and ฿2,850,000 on 2026-09-23: 10.8× in baht, -29.6% from the 2025-10-06 high.[1]

The board

baked
USDT → baht · Bitkub bid33.31baht for one USDT
US dollar · BOT mid33.16Bank of Thailand reference, 2026-09-23
USDT vs the dollar+0.44%Bitkub USDT against the BOT mid
Bitcoin in baht · Bitkub฿2,850,000-29.6% from the 2025-10 high

Baked 2026-09-23; live figures replace these when the page reaches the rates service.

Bitcoin in baht

Bitcoin in baht on Bitkub, daily close, since May 2018A log-scale line from ฿264k in May 2018 to ฿2.8M today, peaking at ฿4.0M on 2025-10-06.฿100k฿200k฿500k฿1.0M฿2.0M฿5.0M20192020202120222023202420252026halvinghalvinghigh ฿4.0M · 2025-10-06฿2.8M
Bitkub BTC/THB daily close, log scale. Halvings in green.[1]

The Thai premium is bitcoin dearer here?

Bitkub's daily close sits within 1% of the world price on 54% of 3,051 days. The median gap is -0.03%; 80% of days fall between -1.91% and +2.64%. 2021 ran hottest, median +1.15%.[1][3][2]

Bitcoin's price on Bitkub against the world price, in percentDaily difference between Bitkub's BTC/THB close and Binance's BTC/USDT close converted at the Bank of Thailand mid rate. Median -0.03%; 80% of days between -1.91% and 2.64%.-6%-4%-2%0+2%+4%+6%+8%20192020202120222023202420252026world priceeach day30-day median80% of days fall in the green band
World price = Binance BTC/USDT close × the Bank of Thailand mid rate for the same day, carried over weekends and Thai bank holidays. A daily close is one trade, so single days swing; the median is the reading.
YearMedian10th pct90th pctDays
2018-0.42%-2.78%+3.82%228
2019+0.09%-2.13%+3.19%365
2020-0.01%-1.74%+1.72%366
2021+1.15%-1.88%+4.81%365
2022+0.15%-1.89%+2.88%365
2023-0.37%-1.77%+1.03%365
2024-0.13%-1.61%+1.81%366
2025-0.17%-1.61%+1.26%365
2026-0.05%-1.27%+1.09%266

USDT to baht the off-ramp's own price

One USDT sold on Bitkub fetched a median +0.52% more baht than the Thai banks' average buying rate for a one-dollar transfer, above it on 80% of 2,852 days. Over the last year that is about ฿1,438 more per 10,000 dollars, before any fees on either side. Against the interbank mid rate the median gap is +0.03%: USDT trades at the dollar, and the bank's own margin (0.50% below mid, median) is the difference.[1][2]

One USDT sold on Bitkub against one dollar bought by a Thai bankPercent more (or less) baht from selling USDT on Bitkub at the daily close than from the Thai banks' average buying rate for a dollar transfer. Median +0.52%; above the bank rate on 80.5% of days.-3%-2%-1%0+1%+2%+3%+4%+5%+6%20192020202120222023202420252026bank buying rateUSDT on Bitkub, each day30-day medianthe interbank mid rate
Bitkub USDT/THB daily close against the BOT average buying-transfer rate (the rate Thai banks pay for incoming dollars), and the BOT mid rate. Wire fees and exchange fees are not in this chart; the calculator on Ramp adds them.
Yearvs bank buyingvs midDays
2018+0.35%-0.19%43
2019+0.91%+0.36%351
2020+0.73%+0.17%366
2021+1.83%+1.28%365
2022+0.53%+0.07%365
2023+0.25%-0.22%365
2024+0.45%-0.01%366
2025+0.45%-0.05%365
2026+0.42%-0.08%266

Bitkub now 24 hours, baht volume on the own book

356 pairs trade against baht. USDT carries 46% of the volume: the dollar trade in and out of baht is the biggest thing on the exchange. 107 pairs report a second, larger volume that includes liquidity routed from elsewhere; the figures here use the own-book number.[1]

Bitkub: the most-traded pairs against baht, last 24 hoursBaht volume on Bitkub's own order book. USDT is 45.6% of all baht volume.USDT฿1.1BBTC฿289.3MXRP฿203.0MNEAR฿123.1METH฿101.6MDOGE฿79.1MADA฿36.2MSOL฿32.1MLUNA฿28.7MXLM฿21.9MUNI฿16.8MCRV฿15.9MUSDC฿14.9MHBAR฿14.3MOP฿13.5M
Stablecoin pairs in green.
PairLast ฿24hVolume ฿
USDT33.38+0.69%฿1,068,343,643
BTC2,813,046.27-1.10%฿289,288,019
XRP50.91-0.33%฿202,990,755
NEAR150.72+5.10%฿123,064,848
ETH88,948.44-1.71%฿101,551,540
DOGE3.15-4.12%฿79,066,384
ADA7.98-2.80%฿36,173,228
SOL3,812.70-1.16%฿32,127,658
LUNA0.001788-0.50%฿28,671,650
XLM6.87-1.86%฿21,915,851
UNI310.68+6.05%฿16,797,528
CRV11.18-5.41%฿15,850,507
USDC33.38+0.69%฿14,865,300
HBAR3.04-3.80%฿14,285,824
OP4.22+1.44%฿13,459,185
ARB7.45+5.82%฿12,761,698
PENGU0.326554+10.40%฿12,398,641
BONK0.000122+5.32%฿11,261,965
FLOCK2.61-14.52%฿10,386,200
BR35.40+3.03%฿9,529,532
WLD14.17-4.58%฿8,874,075
LIT176.13+12.83%฿8,454,250
ONDO13.83-1.78%฿8,247,509
BNB25,524.91-1.83%฿8,163,721

The world, in baht

Total market value $2.92 trillion; bitcoin 58.7% of it, ether 11.3%; 21,516 coins tracked.[429]

The largest coins by market value, in bahtCoinGecko market capitalisation, priced in baht. Green bars are dollar stablecoins.BTC฿57.27TETH฿11.04TUSDT฿6.11TBNB฿3.46TXRP฿3.29TUSDC฿2.50TSOL฿2.29TTRX฿1.08TZEC฿922BFIGR_HELOC฿789BHYPE฿706BDOGE฿517BXMR฿352BWBT฿340BUSDS฿320B
Market capitalisation in baht, CoinGecko.
#Coin฿24h1y
1BTC Bitcoin2,851,033.00+0.14%-24%
2ETH Ethereum90,474.00-0.74%-35%
3USDT Tether33.31+0.55%-0%
4BNB BNB26,008.00-0.57%-22%
5XRP XRP52.40+1.94%-45%
6USDC USDC33.32+0.55%+0%
7SOL Solana3,890.67+0.02%-47%
8TRX TRON11.38-0.30%+2%
9ZEC Zcash54,430.00+7.09%+3220%
10FIGR_HELOC Figure Heloc34.36+2.27%+3%
11HYPE Hyperliquid3,173.84+0.39%+98%
12DOGE Dogecoin3.31-0.39%-59%
13XMR Monero18,719.64-1.85%+92%
14WBT WhiteBIT Coin2,861.18-0.22%+103%
15USDS USDS33.32+0.55%+0%
16LINK Chainlink423.14-1.97%-42%
17ADA Cardano8.29-0.28%-70%
18RAIN Rain0.422434-5.47%+227%
19LEO LEO Token299.33+0.64%-5%
20XLM Stellar7.09+0.03%-42%
21BCH Bitcoin Cash11,832.00+13.23%-36%
22NEAR NEAR Protocol154.91+2.55%+56%
23UNI Uniswap318.66+5.37%+18%
24USDE Ethena USDe33.31+0.56%-0%
25LTC Litecoin2,068.82+1.83%-42%
26AVAX Avalanche354.31-2.88%-69%
27DAI Dai33.32+0.55%+0%
28CC Canton3.74-2.86%—
29USD1 USD133.30+0.56%-0%
30SUI Sui33.67-0.37%-70%

Stablecoins

All stablecoins in circulation, US dollarsTotal supply of dollar-pegged stablecoins tracked by DefiLlama, from 2017 to 2026-09-23: $312 billion today.$0B$50B$100B$150B$200B$250B$300B$350B201820192020202120222023202420252026$312B
Dollar-pegged stablecoins in circulation, weekly. DefiLlama.[4]

The dollar in baht

Every baht figure on this site moves with this line. Low 29.80 (2020-12-18), high 38.34 (2022-10-21).[2]

US dollar in baht, Bank of Thailand reference rateDaily weighted-average interbank mid rate since August 2017. Low 29.80 on 2020-12-18, high 38.34 on 2022-10-21.฿29฿31฿33฿35฿37฿39201820192020202120222023202420252026฿33.16
Bank of Thailand daily weighted-average interbank mid rate.

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