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US traders realized 6X extra crypto features in 2021 than subsequent nation

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Crypto traders from the United States realized crypto features practically six occasions greater in complete than the UK, the second highest nation by way of realized features. 

According to a report by Chainalysis, crypto traders within the US accrued a file $46.9 billion in realized features all through 2021, main the remainder of the world by a large margin. The US is adopted at fairly a long way by the UK at $8.1 billion and Germany on $5.8 billion.

Total realized cryptocurrency features 2021: Chainalysis.

The report comes as world cryptocurrency adoption continues to achieve widespread traction. The US witnessed a large enhance in adoption and realized features, with the full estimated features for 2021 up 476% from $8.1 billion the yr earlier than.

Special mentions got to international locations that outperformed their “traditional” financial rankings. Despite Turkey being globally ranked as quantity 11 by GDP, the nation was ranked at quantity six when it got here to realized crypto features.

China was one of many solely massive nations that didn’t see the identical large features as different international locations. In 2021, China’s complete estimated realized cryptocurrency features stood at $5.1 billion, up from $1.7 billion in 2020, which equates to year-over-year progress charge of 194%. However, that is nonetheless spectacular progress contemplating the intensive crypto bans that had been progressively enacted in China in 2021.

China’s consequence pales nevertheless in addition to different international locations such because the UK and Germany which noticed a respective 431% and a 423% enhance final yr.

Related: What is driving establishments to spend money on crypto? BlockFi’s David Olsson explains

Another notable development was the rise in complete features from Ethereum (ETH), which noticed ETH traders world wide money out a complete $76.3 billion, beating out Bitcoin (BTC) as the very best realized earnings crypto asset in 2021. Bitcoin inventors nonetheless carried out properly nevertheless, with the worldwide crypto investing neighborhood securing $74.7 billion in features all through 2021.