Average Crypto Investor Profit Exceeds $5,000 in 2024
Date: 2025-02-21 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
According to data from tax platform CoinLedger, The Block reports.
The biggest unrealized gains were generated by Bitcoin, Hyperliquid, SuperVerse, Shiba Inu, and Render. According to CoinLedger CEO David Kemmerer, the rise in crypto investor income was driven by the bull market and increased enthusiasm following the 2024 presidential election.
At the same time, the biggest losses were recorded by holders of Ethereum, Cardano, Polkadot, Cosmos, and Cronos.
According to the report, the CoinLedger platform serves more than 500,000 users, of which 80% are from the United States, 6% from Australia, 5% from Canada, and 9% from other countries.
Bitcoin remains the most popular asset among investors for the second year in a row, followed by Ethereum, XRP, and Cardano. In the crypto wallet space, Ledger took the lead in terms of the number of data imports into tax reports, indicating a growing interest in hardware solutions. It was followed by MetaMask, Phantom, Coinbase, and Trust Wallet, which turned out to be more popular than other hardware wallets such as Tangem and Trezor.
The crypto exchange market has seen changes: Binance has lost its lead to Coinbase in terms of the number of user data imports. Crypto.com has moved to third place, and Kraken has taken fourth place. Despite the restrictions imposed on Binance.US in 2023 regarding USD transactions, the platform still remains in the top 5 most popular among CoinLedger users. Robinhood and KuCoin also made it into this ranking.
Earlier, analysts said that Ethereum has the potential to surpass Solana. Expert Justin Drake predicts that Ethereum can achieve the status of “ultra-secure” money due to the expected reduction in emission and a limited supply comparable to digital gold.
