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An average crypto investor experienced a gain of $887.60 in 2023, as reported by CoinLedger, a leading crypto tax software platform. 
The higher profits contrast sharply from 2022, a year of significant losses exceeding $7,000 per investor, following the collapse of key crypto firms and a pervasive <a href="https://crypto.news/crypto-market-2022-2023/" data-type="link" data-id="https://crypto.news/crypto-market-2022-2023/">bear market</a>. 
“It’s clear that the cryptocurrency market is growing once again. After the <a href="https://crypto.news/year-after-ftx-collapse-what-to-expect-from-sbf-trial/" data-type="link" data-id="https://crypto.news/year-after-ftx-collapse-what-to-expect-from-sbf-trial/">collapse of FTX</a>, the cryptocurrency ecosystem saw a freefall in asset prices,” said CoinLedger CEO David Kemmerer in a press release. “This latest rebound highlights the growth of the crypto industry from 2022 to 2023.” 
These insights derive from an analysis of data from <a href="https://coinledger.io/crypto-investing-stats" data-type="link" data-id="https://coinledger.io/crypto-investing-stats" target="_blank" rel="noopener">CoinLedger’s</a> user base, which numbers over 500,000 investors, predominantly from the United States. 
 You might also like: <a href="https://crypto.news/crypto-friendly-banks/"> Crypto-friendly banks in 2024: How to protect your digital currency </a> 
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The study also revealed that Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/">ETH</a>) was the most frequently traded cryptocurrency among CoinLedger users in 2023, followed by <a href="https://crypto.news/price/solana/">Solana</a>, <a href="https://crypto.news/price/bitcoin/">Bitcoin</a>, <a href="https://crypto.news/price/bnb/">BNB</a>, and <a href="https://crypto.news/price/polygon/">Polygon</a>. 
Despite Bitcoin’s global popularity, it ranked third in disposal, suggesting that Bitcoin investors might be more inclined to hold onto their assets than those investing in other <a href="https://crypto.news/market-cap/" data-type="link" data-id="https://crypto.news/market-cap/">cryptocurrencies</a>. 
Ethereum also led the pack in the volume of blockchain transactions imported into CoinLedger’s tax software, ahead of Bitcoin, Binance Smart Chain, Polygon, and Avalanche C-Chain. Coinbase emerged as the most popular centralized exchange among CoinLedger’s predominantly American user base. 
The report also touched on Binance’s challenging year, including a <a href="https://crypto.news/binance-ceo-changpeng-zhao-steps-down-with-response-to-the-sec-following-guilty-plea/" data-type="link" data-id="https://crypto.news/binance-ceo-changpeng-zhao-steps-down-with-response-to-the-sec-following-guilty-plea/">$4.3 billion settlement</a> with U.S. authorities and a lawsuit from the Securities and Exchange Commission, yet noted that Binance.US still ranked high for CoinLedger imports. 
 Read more: <a href="https://crypto.news/best-crypto-profit-calculator/"> Choosing the best crypto profit calculator apps in 2024 </a>

CoinLedger: 2023 Crypto investors realized below $1k on average

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