Digital Asset Classification

Modified on Mon, 25 Aug at 6:42 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 184 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
19BabylonBABY
20BalancerBAL
21Band ProtocolBAND
22Basic Attention TokenBAT
23BiconomyBICO
24BlastBLAST
25BlurBLUR
26BubblemapsBMT
27ChainbaseC
28Coin98C98
29CARVCARV
30CatizenCATI
31Celer NetworkCELR
32Cetus ProtocolCETUS
33ChilizCHZ
34EverclearCLEAR
35CompoundCOMP
36Cookie DAOCOOKIE
37CoreCORE
38Curve DAO TokenCRV
39CivicCVC
40CyberCYBER
41deBridgeDBR
42DeLoreanDMC
43dYdXDYDX
44EigenLayerEIGEN
45ELYSIAEL
46EthenaENA
47Enjin CoinENJ
48Ethereum Name ServiceENS
49CalderaERA
50EclipseES
51ether.fiETHFI
52Artificial Superintelligence AllianceFET
53FluxFLUX
54Frax ShareFXS
55GravityG
56GalaGALA
57GolemGLM
58GlimmerGLMR
59GmxGMX
60GnosisGNO
61GrassGRASS
62The GraphGRT
63GateTokenGT
64Haedal ProtocolHAEDAL
65HashflowHFT
66HeliumHNT
67Defi AppHOME
68Huma FinanceHUMA
69HyperlaneHYPER
70Internet ComputerICP
71SPACE IDID
72IlluviumILV
73Immutable XIMX
74InjectiveINJ
75IO.netIO
76IoTeXIOTX
77IQIQ
78JFIN CoinJFIN
79JoeJOE
80JitoJTO
81KaiaKAIA
82KAITOKAITO
83KavaKAVA
84KernelDAOKERNEL
85Kamino FinanceKMNO
86Kyber NetworkKNC
87Layer3L3
88LagrangeLA
89SolayerLAYER
90Lido DAOLDO
91ChainlinkLINK
92LeisureMetaLM
93LivepeerLPT
94LiquityLQTY
95LoopringLRC
96LUKSOLYX
97DecentralandMANA
98Manta NetworkMANTA
99Heroes of MaviaMAVIA
100MARBLEXMBX
101Magic EdenME
102MakerMKR
103MantleMNT
104MorphoMORPHO
105MoonriverMOVR
106Newton ProtocolNEWT
107NEXPACENXPC
108Omni NetworkOMNI
109OndoONDO
110OptimismOP
111OrcaORCA
112Orderly NetworkORDER
113OsmosisOSMO
114PendlePENDLE
115Perpetual ProtocolPERP
116PlearnPLN
117PlumePLUME
118Polygon Ecosystem TokenPOL
119PowerledgerPOW
120ParclPRCL
121WayfinderPROMPT
122PufferPUFFER
123Pyth NetworkPYTH
124BENQIQI
125QuantQNT
126RaydiumRAY
127Radiant CapitalRDNT
128RealX Investment TokenREALX
129RedStoneRED
130ResolvRESOLV
131RenzoREZ
132Render TokenRNDR
133RoninRON
134Reserve RightsRSR
135SonicS
136SafeSAFE
137Sahara AISAHARA
138The SandboxSAND
139ScallopSCA
140ScrollSCR
141SafePalSFP
142MyShellSHELL
143SIXSIX
144SkaleSKL
145StatusSNT
146SynthetixSNX
147SophonSOPH
148SpectralSPEC
149SparkSPK
150ssv.networkSSV
151Stargate FinanceSTG
152StakeStoneSTO
153SuiSUI
154Summer Point TokenSUMX
155SushiSwapSUSHI
156SwellSWELL
157Space and TimeSXT
158Maple FinanceSYRUP
159TaikoTAIKO
160CelestiaTIA
161TensorTNSR
162ToncoinTON
163OriginTrailTRAC
164TellorTRB
165TreehouseTREE
166Trust Wallet TokenTWT
167UmaUMA
168UniswapUNI
169USDSUSDS
170Velodrome FinanceVELO
171VictionVIC
172Virtuals ProtocolVIRTUAL
173WormholeW
174WalletConnect TokenWCT
175WorldcoinWLD
176Woo NetworkWOO
177XDC NetworkXDC
178yearn.financeYFI
179ZentryZENT
180ZetaChainZETA
181ZKsyncZK
182ZircuitZRC
183LayerZeroZRO
1840xZRX


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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