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EXIT 6MarketsตลาดThe 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][423][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 47% 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 46.7% of all baht volume.USDT฿1.1BBTC฿330.2MXRP฿189.2MNEAR฿143.1METH฿101.9MDOGE฿90.3MADA฿34.2MSOL฿25.0MXLM฿24.1MLUNA฿23.5MUSDC฿19.0MCRV฿14.4MBONK฿12.5MUNI฿12.4MGALA฿11.4M
Stablecoin pairs in green.
PairLast ฿24hVolume ฿
USDT33.43+0.91%฿1,146,300,668
BTC2,813,442.64-1.61%฿330,226,420
XRP49.90-4.70%฿189,191,671
NEAR142.49-1.20%฿143,108,472
ETH89,585.30-1.81%฿101,891,725
DOGE3.10-7.70%฿90,308,763
ADA7.91-5.72%฿34,190,149
SOL3,833.01-2.09%฿25,028,767
XLM6.70-6.94%฿24,109,640
LUNA0.001773-5.24%฿23,463,622
USDC33.42+0.88%฿18,953,475
CRV11.06-7.29%฿14,440,279
BONK0.000116-7.08%฿12,468,061
UNI312.00-9.72%฿12,445,874
GALA0.063500-10.31%฿11,439,022
ARB7.32-8.84%฿11,166,271
BR35.38-6.22%฿10,562,742
HBAR3.00-9.09%฿9,941,392
OP4.16-5.67%฿9,584,752
WLD13.56-11.55%฿9,013,541
FLOCK2.31-19.45%฿8,719,264
BNB25,632.56-2.05%฿8,552,132
TRUMP65.83-11.13%฿8,476,618
PENGU0.319075-4.80%฿8,368,654

The world, in baht

Total market value $2.87 trillion; bitcoin 58.8% of it, ether 11.4%; 21,532 coins tracked.[424]

The largest coins by market value, in bahtCoinGecko market capitalisation, priced in baht. Green bars are dollar stablecoins.BTC฿56.60TETH฿10.95TUSDT฿6.14TBNB฿3.41TXRP฿3.14TUSDC฿2.52TSOL฿2.26TTRX฿1.09TZEC฿847BFIGR_HELOC฿798BHYPE฿695BDOGE฿484BXMR฿349BWBT฿336BUSDS฿319B
Market capitalisation in baht, CoinGecko.
#Coin฿24h1y
1BTC Bitcoin2,817,484.00-1.52%-25%
2ETH Ethereum89,700.00-1.76%-36%
3USDT Tether33.45+0.94%-0%
4BNB BNB25,644.00-2.01%-25%
5XRP XRP49.95-4.70%-47%
6USDC USDC33.45+0.94%+0%
7SOL Solana3,842.74-2.05%-46%
8TRX TRON11.46+0.73%+2%
9ZEC Zcash49,954.00-5.27%+2640%
10FIGR_HELOC Figure Heloc34.62+1.31%+4%
11HYPE Hyperliquid3,124.32-2.83%+110%
12DOGE Dogecoin3.10-7.95%-61%
13XMR Monero18,572.08-0.98%+91%
14WBT WhiteBIT Coin2,829.93-1.59%+102%
15USDS USDS33.45+0.95%-0%
16LINK Chainlink409.75-4.94%-43%
17ADA Cardano7.92-5.62%-71%
18RAIN Rain0.408810-5.76%+216%
19LEO LEO Token300.68+0.95%-5%
20XLM Stellar6.72-6.48%-45%
21BCH Bitcoin Cash11,316.46-0.36%-40%
22UNI Uniswap311.27-10.15%+14%
23NEAR NEAR Protocol142.72-1.19%+46%
24USDE Ethena USDe33.44+0.93%-0%
25LTC Litecoin2,068.82-0.63%-42%
26DAI Dai33.45+0.94%+0%
27AVAX Avalanche341.12-7.13%-70%
28USD1 USD133.43+0.95%-0%
29CC Canton3.65-3.21%—
30GRAM Gram (prev. Toncoin)47.14-2.57%-50%

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.[3]

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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