Digital Asset Classification

Modified on Tue, 8 Apr at 11:10 AM

As the Digital Assets Act of the Securities and Exchange Commission of Thailand (SEC) categorized and divided digital assets into 2 categories according to the asset consideration guidelines under the Digital Asset Act, Bitkub Exchange, therefore, classifies digital assets provided on its exchange into 2 categories: cryptocurrency and digital token, to be per the SEC guidelines. The details are as follows:

 

Definition 

  • Cryptocurrency
    Refers to an electronic data unit that is created on an electronic system or network to serve as a medium for exchanging products, services, or other rights, or to trade between digital assets. Cryptocurrency also includes other electronic data units as specified by the SEC.
  • Digital token
    Refers to an electronic data unit that is created on an electronic system or network for the following purposes:
    • To determine the rights of a person to invest in a project or a business,
    • To determine the rights of a person to acquire products, services, or other specified rights as agreed by the token issuer and the token holder as well as other rights specified by the SEC.


The Differences between Cryptocurrency and Digital Tokens

Cryptocurrency and digital tokens are different in terms of usage and properties of the coin/token as stated below.

  • Cryptocurrency can be used as a medium for exchanging products, services, or other rights as agreed by the token issuer and the token holders without defining the rights to the assets.
  • Digital tokens can be used to define the rights of a holder including rights of a person to participate or invest in a project or business (such as to receive dividends, joint ventures, etc.), rights to acquire products, services, or other specific rights in the future (such as rights to access services provided by an unfinished business/platform, etc.), and rights to acquire products, services, or other specific rights which a person can use their right immediately.


Classification of Digital Assets on Bitkub Exchange


For “cryptocurrency”, there are 30 digital assets that are classified into this group; the list is shown in the table below.


NumberCurrency of digital assetAbbreviation
1CardanoADA
2AlgorandALGO
3CosmosATOM
4AUSDAUSD
5AvalancheAVAX
6Bitcoin CashBCH
7BNBBNB
8BitcoinBTC
9CeloCELO
10CortexCTXC
11DaiDAI
12DogecoinDOGE
13PolkadotDOT
14EthereumETH
15FlowFLOW
16HederaHBAR
17IOSTIOST
18KusamaKSM
19KUB CoinKUB
20Terra ClassicLUNA
21NEAR ProtocolNEAR
22SecretSCRT
23SolanaSOL
24TRONTRX
25USD CoinUSDC
26TetherUSDT
27StellarXLM
28XRPXRP
29TezosXTZ
30ZilliqaZIL


For “digital token”, there are 141 digital assets that are classified into this group; the list is shown in the table below.


NumberCurrency of digital assetAbbreviation
11inch Network1INCH
2AaveAAVE
3ArcblockABT
4AerodromeAERO
5AevoAEVO
6StellaALPHA
7AltlayerALT
8AnkrANKR
9ApeCoinAPE
10API3API3
11AptosAPT
12ArbitrumARB
13ArkhamARKM
14AethirATH
15Wrapped AxelarAXL
16Axie InfinityAXS
17B3 BaseB3
18BalancerBAL
19Band ProtocolBAND
20Basic Attention TokenBAT
21BlastBLAST
22BlurBLUR
23Coin98C98
24CARVCARV
25CatizenCATI
26Celer NetworkCELR
27ChilizCHZ
28EverclearCLEAR
29CompoundCOMP
30CoreCORE
31Curve DAO TokenCRV
32CivicCVC
33CyberCYBER
34deBridgeDBR
35dYdXDYDX
36EigenLayerEIGEN
37EthenaENA
38Enjin CoinENJ
39Ethereum Name ServiceENS
40ether.fiETHFI
41Artificial Superintelligence AllianceFET
42FluxFLUX
43Frax ShareFXS
44GravityG
45GalaGALA
46GolemGLM
47GlimmerGLMR
48GmxGMX
49GnosisGNO
50GrassGRASS
51The GraphGRT
52GateTokenGT
53HashflowHFT
54HeliumHNT
55Internet ComputerICP
56SPACE IDID
57IlluviumILV
58Immutable XIMX
59InjectiveINJ
60IO.netIO
61IoTeXIOTX
62IQIQ
63JFIN CoinJFIN
64JoeJOE
65JitoJTO
66KaiaKAIA
67KAITOKAITO
68KavaKAVA
69Kyber NetworkKNC
70Layer3L3
71Lido DAOLDO
72ChainlinkLINK
73LeisureMetaLM
74LivepeerLPT
75LiquityLQTY
76LoopringLRC
77LUKSOLYX
78DecentralandMANA
79Heroes of MaviaMAVIA
80MARBLEXMBX
81MakerMKR
82MantleMNT
83MoonriverMOVR
84Omni NetworkOMNI
85OndoONDO
86OptimismOP
87OrcaORCA
88Orderly NetworkORDER
89OsmosisOSMO
90Perpetual ProtocolPERP
91PlearnPLN
92Polygon Ecosystem TokenPOL
93PowerledgerPOW
94ParclPRCL
95PufferPUFFER
96Pyth NetworkPYTH
97BENQIQI
98QuantQNT
99Radiant CapitalRDNT
100RealX Investment TokenREALX
101RedStoneRED
102RenzoREZ
103Render TokenRNDR
104RoninRON
105Reserve RightsRSR
106SonicS
107SafeSAFE
108The SandboxSAND
109SafePalSFP
110SIXSIX
111SkaleSKL
112StatusSNT
113SynthetixSNX
114SpectralSPEC
115ssv.networkSSV
116Stargate FinanceSTG
117SuiSUI
118Summer Point TokenSUMX
119SushiSwapSUSHI
120SwellSWELL
121CelestiaTIA
122TensorTNSR
123ToncoinTON
124OriginTrailTRAC
125TellorTRB
126Trust Wallet TokenTWT
127UmaUMA
128UniswapUNI
129Velodrome FinanceVELO
130VictionVIC
131Virtuals ProtocolVIRTUAL
132WormholeW
133WorldcoinWLD
134Woo NetworkWOO
135yearn.financeYFI
136ZentryZENT
137ZetaChainZETA
138ZKsyncZK
139ZircuitZRC
140LayerZeroZRO
1410xZRX


Remark:

The types and categorizing list of assets mentioned above are as of 31 May 2024 and are subject to change should there be any updates in the future according to the definitions specified in the Digital Asset Act on asset characteristics consideration guidelines by the SEC.


* DE (Delist) represents a cease of digital asset trading before delisting the asset from the exchange within a given period. (Learn more about Warning Signs here.)

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