XRP has been recognized as Thailand's best-performing asset for the ninth consecutive month, achieving a 390% annual gain as of August 2025. Despite a 9.41% decline in August, XRP outperformed traditional assets like Bitcoin, gold, and equities, according to the country's Securities and Exchange Commission (SEC). Cryptocurrencies dominated the SEC's August rankings, taking the top three positions.
The rise in active crypto addresses in Thailand, which increased by 8.44% to 230,000, reflects a shift towards blockchain solutions. This trend is partly driven by a banking crackdown that left three million people without access to traditional banking services, prompting a move towards cryptocurrencies.
XRP Tops Thailand's Asset Performance with 390% Annual Gain
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.