A median crypto investor skilled a acquire of $887.60 in 2023, as reported by CoinLedger, a number one crypto tax software program platform.
The upper earnings distinction sharply from 2022, a 12 months of great losses exceeding $7,000 per investor, following the collapse of key crypto corporations and a pervasive bear market.
“It’s clear that the cryptocurrency market is rising as soon as once more. After the collapse of FTX, the cryptocurrency ecosystem noticed a freefall in asset costs,” mentioned CoinLedger CEO David Kemmerer in a press launch. “This newest rebound highlights the expansion of the crypto trade from 2022 to 2023.”
These insights derive from an evaluation of knowledge from CoinLedger’s person base, which numbers over 500,000 traders, predominantly from the US.
The research additionally revealed that Ethereum (ETH) was probably the most steadily traded cryptocurrency amongst CoinLedger customers in 2023, adopted by Solana, Bitcoin, BNB, and Polygon.
Regardless of Bitcoin’s international recognition, it ranked third in disposal, suggesting that Bitcoin traders is likely to be extra inclined to carry onto their belongings than these investing in different cryptocurrencies.
Ethereum additionally led the pack within the quantity of blockchain transactions imported into CoinLedger’s tax software program, forward of Bitcoin, Binance Sensible Chain, Polygon, and Avalanche C-Chain. Coinbase emerged as the most well-liked centralized change amongst CoinLedger’s predominantly American person base.
The report additionally touched on Binance’s difficult 12 months, together with a $4.3 billion settlement with U.S. authorities and a lawsuit from the Securities and Change Fee, but famous that Binance.US nonetheless ranked excessive for CoinLedger imports.