Spot crypto is legal in Thailand but only as a licensed activity. The Emergency Decree on Digital Asset Businesses B.E. 2561 (2018) requires a digital asset business operator to hold a licence granted by the Minister of Finance on the SEC's recommendation, and operating without one is a criminal offence carrying two to five years' imprisonment plus fines. The licence categories the SEC has consulted on are spot-side businesses — exchange, broker and dealer, later advisory services and fund management — and as recently as February 2026 the SEC was still consulting on a framework to permit spot crypto ETFs, which it described as an initial phase using relatively simple structures.
The contract itself does not change by geography: a ZEC perpetual settles in USDC everywhere.
14 venues open Zcash perps to traders in Thailand.
ApeX
Aster
Avantis
Derive
Ethereal
gTrade
Helix
Hyperliquid
Lighter
Pacifica
Paradex
SynthetixFour steps from sign-up to an open position.
Personal income tax exemption on the gain from transferring crypto through an SEC-licensed Thai exchange, broker or dealer, for assessable income received 1 January 2025 to 31 December 2029 (Ministerial Regulation No. 399, B.E. 2568, issued 27 August 2025, adding item (109) to Ministerial Regulation No. 126).
Trading Zcash from Thailand: legal.
For Zcash traders in Thailand: Know-your-client measures and client due diligence process required for digital asset operators
On Canborsa, traders in Thailand can use up to 10x leverage on Zcash.
On Canborsa, Zcash trading from Thailand costs 0.07% per side.