2024

United

Billion

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/us-dominates-global-crypto-earnings-in-2023/" data-wpel-link="internal">US Dominates Global Crypto Earnings in 2023</a><br></p>
<p style="text-align: justify">Market intelligence firm Chainalysis’s new data shows that as asset prices and market sentiment continue to recover following a challenging 2022, global cryptocurrency gains have exceeded $37.6 billion in 2023. In a new report, the crypto analysis platform states that the <strong>US</strong> has garnered the lion’s share of these profits, securing billions of dollars in earnings for the year.</p> 
<h2 style="text-align: justify" id="us-secures-9-3-billion-in-revenue">US Secures $9.3 Billion in Revenue</h2> 
<p style="text-align: justify">Chainalysis analyzes on-chain data to differentiate between the values of crypto assets deposited and withdrawn, enabling the estimation of the amount of crypto assets flowing into specific countries.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-328750 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/ulkeler-coin-turk-com-.png" alt="" width="1200" height="1445"></p> 
<p style="text-align: justify">The company then allocated the profits it found to individual countries based on web traffic data. Using this method, <strong>Chainalysis</strong> concluded that the US had gained an estimated $9.3 billion in crypto assets, a figure significantly higher than the $1.39 billion earned by the UK, which ranked second. The report includes the following statement:</p> 
<blockquote> 
 <p style="text-align: justify">“The United States clearly led the way in cryptocurrency earnings in 2023 with an estimated $9.36 billion. The UK came in second with an estimated $1.39 billion in crypto earnings.”</p> 
</blockquote> 
<h2 style="text-align: justify" id="turkey-holds-the-tenth-position">Turkey Holds the Tenth Position</h2> 
<p style="text-align: justify"><strong>Vietnam</strong>, China, Indonesia, and India also earned more than most wealthy countries, including the Group of Eight (G8) members France, Germany, Italy, Japan, Canada, and Russia. The report expresses this as follows:</p> 
<blockquote> 
 <p style="text-align: justify">“Interestingly, we see several upper and lower middle-income countries, particularly in Asia, where residents appear to have made significant gains. For instance, Vietnam, China, Indonesia, and India have all surpassed $1 billion in estimated earnings, ranking among the top six nations.”</p> 
</blockquote> 
<p style="text-align: justify">According to the company’s data, <strong>Turkey</strong> is in tenth place with $950 million in revenue. Chainalysis suggests that if positive trends continue, crypto earnings in 2024 could align more closely with the $159.7 billion gained during the 2021 bull market.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/us-dominates-global-crypto-earnings-in-2023/" data-wpel-link="internal">US Dominates Global Crypto Earnings in 2023</a></h5>

US Dominates Global Crypto Earnings in 2023

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