As reported by Cointelegraph, cryptocurrency tax software provider CoinLedger data shows that cryptocurrency investors averaged nearly $900 in net profits from selling cryptocurrency in 2023, which is a "sharp contrast" to 2022, which saw several cryptocurrency companies go bankrupt and investors lose billions of dollars.

CoinLedger analyzed reports from its 500,000 users and found that the average cryptocurrency investor realized a profit of $887.60 in 2023. As the industry began to recover, the situation improved, and CoinLedger added: "This is in sharp contrast to 2022, when the median cryptocurrency investor realized a loss of $7,102."