Roundtable Discussion: Over 10 Million Crypto Users in Southeast Asia, Shifting from Retail Speculation to Business Payments and Institutional Adoption

Foresight News reported that Bitkub co-founder Atthakrit Chimplapi, Coinhako co-founder and CEO Yusho Liu, and Coins.ph CEO Wei Zhou attended the Hong Kong Consensus 2026 conference “Charting the Explosive Growth of Crypto Adoption in” Southeast Asia" roundtable forum to discuss the current state of the crypto market in Southeast Asia. Participants noted that with the actual crypto users in Southeast Asia far exceeding 10 million, the market is at a critical inflection point from mere retail speculation to commercial payments and institutional adoption.

Atthakrit Chimplapi, co-founder of Thai crypto trading platform Bitkub, said that the Thai government has implemented a 0% capital gains tax policy, and Bitkub plans to enter the field of securities and derivatives trading through mergers and acquisitions this year, and has launched Thai baht stablecoins to promote the retail payment scenario.

Yusho Liu, co-founder and CEO of Singaporean crypto trading platform Coinhako, pointed out that stablecoins have shown great potential in treasury management and cross-border settlement, and Coinhako has launched relevant cross-border payment pilots. In addition, its license has recently been upgraded to support its global clientele.

Wei Zhou, CEO of Philippine crypto trading platform Coins.ph, said that Coins.ph is shifting its focus from retail infrastructure to commercial applications, aiming to drive cryptocurrencies into practical business scenarios such as trade flows and loans, and plans to pilot stablecoin payments in Boracay.

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