Global Cryptocurrency Revenue Surges in 2023, Marking Strong Recovery and Asian Dominance

Chainalysis released the 2023 Cryptocurrency Revenue Report by Country, estimating that global cryptocurrency investors earned $37.6 billion in 2023. Despite being lower than gains from the 2021 bull market, it marks a notable recovery from 2022 losses. Monthly revenues fluctuated throughout the year, with significant growth in November and December. The U.S. led in revenue with $9.36 billion, followed by the U.K. and Vietnam. Asian countries like Vietnam, China, Indonesia, and India saw substantial gains, indicating strong crypto adoption. Chainalysis predicts 2024 to be a year of continued positive momentum due to factors like Bitcoin ETF approvals and institutional adoption.

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