Digital Asset Classification

Modified on Thu, 31 Jul at 12:46 PM

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 29 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
11DogecoinDOGE
12PolkadotDOT
13EthereumETH
14FlowFLOW
15HederaHBAR
16IOSTIOST
17KusamaKSM
18KUB CoinKUB
19Terra ClassicLUNA
20NEAR ProtocolNEAR
21SecretSCRT
22SolanaSOL
23TRONTRX
24USD CoinUSDC
25TetherUSDT
26StellarXLM
27XRPXRP
28TezosXTZ
29ZilliqaZIL


For “digital token”, there are 173 digital assets that are classified into this group; the list is shown in the table below.


NumberCurrency of digital assetAbbreviation
11inch Network1INCH
2AaveAAVE
3ArcblockABT
4Across ProtocolACX
5AerodromeAERO
6AevoAEVO
7StellaALPHA
8AltlayerALT
9AnkrANKR
10ApeCoinAPE
11API3API3
12AptosAPT
13ArbitrumARB
14ArkhamARKM
15AethirATH
16Wrapped AxelarAXL
17Axie InfinityAXS
18B3 BaseB3
19BalancerBAL
20Band ProtocolBAND
21Basic Attention TokenBAT
22BlastBLAST
23BlurBLUR
24BubblemapsBMT
25Coin98C98
26CARVCARV
27CatizenCATI
28Celer NetworkCELR
29Cetus ProtocolCETUS
30ChilizCHZ
31EverclearCLEAR
32CompoundCOMP
33Cookie DAOCOOKIE
34CoreCORE
35Curve DAO TokenCRV
36CivicCVC
37CyberCYBER
38deBridgeDBR
39DeLoreanDMC
40dYdXDYDX
41EigenLayerEIGEN
42ELYSIAEL
43EthenaENA
44Enjin CoinENJ
45Ethereum Name ServiceENS
46ether.fiETHFI
47Artificial Superintelligence AllianceFET
48FluxFLUX
49Frax ShareFXS
50GravityG
51GalaGALA
52GolemGLM
53GlimmerGLMR
54GmxGMX
55GnosisGNO
56GrassGRASS
57The GraphGRT
58GateTokenGT
59Haedal ProtocolHAEDAL
60HashflowHFT
61HeliumHNT
62Defi AppHOME
63Huma FinanceHUMA
64Internet ComputerICP
65SPACE IDID
66IlluviumILV
67Immutable XIMX
68InjectiveINJ
69IO.netIO
70IoTeXIOTX
71IQIQ
72JFIN CoinJFIN
73JoeJOE
74JitoJTO
75KaiaKAIA
76KAITOKAITO
77KavaKAVA
78KernelDAOKERNEL
79Kamino FinanceKMNO
80Kyber NetworkKNC
81Layer3L3
82LagrangeLA
83SolayerLAYER
84Lido DAOLDO
85ChainlinkLINK
86LeisureMetaLM
87LivepeerLPT
88LiquityLQTY
89LoopringLRC
90LUKSOLYX
91DecentralandMANA
92Heroes of MaviaMAVIA
93MARBLEXMBX
94Magic EdenME
95MakerMKR
96MantleMNT
97MorphoMORPHO
98MoonriverMOVR
99Newton ProtocolNEWT
100NEXPACENXPC
101Omni NetworkOMNI
102OndoONDO
103OptimismOP
104OrcaORCA
105Orderly NetworkORDER
106OsmosisOSMO
107PendlePENDLE
108Perpetual ProtocolPERP
109PlearnPLN
110PlumePLUME
111Polygon Ecosystem TokenPOL
112PowerledgerPOW
113ParclPRCL
114WayfinderPROMPT
115PufferPUFFER
116Pyth NetworkPYTH
117BENQIQI
118QuantQNT
119RaydiumRAY
120Radiant CapitalRDNT
121RealX Investment TokenREALX
122RedStoneRED
123ResolvRESOLV
124RenzoREZ
125Render TokenRNDR
126RoninRON
127Reserve RightsRSR
128SonicS
129SafeSAFE
130Sahara AISAHARA
131The SandboxSAND
132ScrollSCR
133SafePalSFP
134MyShellSHELL
135SIXSIX
136SkaleSKL
137StatusSNT
138SynthetixSNX
139SpectralSPEC
140SparkSPK
141ssv.networkSSV
142Stargate FinanceSTG
143StakeStoneSTO
144SuiSUI
145Summer Point TokenSUMX
146SushiSwapSUSHI
147SwellSWELL
148Space and TimeSXT
149Maple FinanceSYRUP
150CelestiaTIA
151TensorTNSR
152ToncoinTON
153OriginTrailTRAC
154TellorTRB
155Trust Wallet TokenTWT
156UmaUMA
157UniswapUNI
158USDSUSDS
159Velodrome FinanceVELO
160VictionVIC
161Virtuals ProtocolVIRTUAL
162WormholeW
163WalletConnect TokenWCT
164WorldcoinWLD
165Woo NetworkWOO
166XDC NetworkXDC
167yearn.financeYFI
168ZentryZENT
169ZetaChainZETA
170ZKsyncZK
171ZircuitZRC
172LayerZeroZRO
1730xZRX


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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