Research: Taiwan’s cryptocurrency trading earns 310 million US dollars in 2023, ranking first in the US with 9.3 billion, and only fourth in China?
Chainalysis, an online analytics firm, has released a report titled “2023 Cryptocurrency Gains by Country.” The report reveals that Taiwan ranks 31st with gains of $310 million. The United States takes the top spot, accumulating an estimated $9.36 billion in cryptocurrency profits, closely followed by the United Kingdom. However, the story is not limited to these economic powerhouses.
Countries like Vietnam, China, Indonesia, and India have not only made it to the top rankings but also demonstrated the growth influence and success of middle-income countries in the cryptocurrency field. This trend greatly speaks to the global acceptance and influence of cryptocurrencies, especially in regions previously dominated by traditional financial powers.
However, China, as a cryptocurrency powerhouse, only ranks fourth, which many thought to be impossible.
With the strong performance of the cryptocurrency market in the first quarter of 2024 and mainstream cryptocurrencies reaching new highs, Bitcoin seems to benefit from favorable regulatory developments and increased institutional interest, indicating a bright future after the halving.
This upward trend suggests that the gains from cryptocurrency trading in 2023 may have just begun, reminiscent of the glorious bull market of 2021 for investors.
Additionally, with impressive gains already achieved by Bitcoin and Ethereum at the beginning of the year, they may set new milestones in cryptocurrency history.
Chainalysis
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