In 2023, investors saw $37.6 billion in realized profits from cryptocurrencies, a significant increase from 2022, which resulted in crypto investors recording losses. 

Realized Profits of Crypto Investors Reached $37.6B in 2023

According to a Chainalysis report, last year’s realized gains from crypto-assets totaled $37.6 billion. In comparison, crypto investors recorded losses of $127.1 billion in 2022, and a year earlier, gains from investments in digital assets totaled a record $159.7 billion. Although last year’s realized gains are more than three times lower than the 2021 bull market peaks, analysts point to a market recovery.

During 2023, gains were relatively stable. In August and September, crypto investors recorded losses of $1.5 billion and $1.4 billion, respectively. They proved to be the most profitable in the last two months of the past year. Realized profits for November and December 2023 were $15.9 billion, equal to crypto investors’ profits for the year’s first five months.

The United States was the leader among countries regarding realized profits from digital assets. In 2023, local crypto investors earned $9.36 billion. The United Kingdom ranks second, with $1.39 billion in realized profits. Vietnam is the third, with $1.18 billion. What’s noteworthy is that the countries that have an official ban on cryptocurrencies managed to be in the top 10. Chinese investors recorded last year’s profit at the level of $1.15 billion, taking fourth place.

Chainalysis analysts found that the volume of illegal transactions with cryptocurrencies decreased by 39% in 2023.

Author: Nataly Antonenko
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