India ranked 21st in estimated Crypto Gains in 2021, US Tops: Chainalysis Data

India behind Vietnam, Turkey in estimated crypto gains in 2021

In accordance with the data released by crypto analytics firm Chainalysis, investors around the world realized total Crypto gains of $162.7 billion in 2021, compared to $32.5 billion in 2020. This is 2nd consecutive data by Chainalysis. Click here

  • However, India ranked lowly at 21st with realized gains of around $1.85 billion while it is topped by the United States (US) with an estimated realized Crypto gain of $46.95 billion.
  • The US is followed by the United Kingdom (UK) at 2nd with estimated realized Crypto gains of $8.16 billion, Germany ($5.82 billion), Japan ($5.51 billion) and China ($5.06 billion).

Key Points:

i.Ethereum is the most noteworthy gainer among the crypto assets. The report highlights that Ethereum edged out Bitcoin in total realized gains globally at $76.3 billion to $74.7 billion.

ii.The US estimated realized cryptocurrency gains grow 476% which China’s witnessed a growth of 194% in comparison to 2020.

Recent Related News:

i.The Torus Kling Blockchain IFSC, an equal joint venture between Cosmea Financial Holdings and Kling Trading India signed a MoU with India INX to launch the first Bitcoin and Ethereum Futures exchange traded funds (ETFs) in India.

ii.India’s 1st index of cryptocurrencies named ‘IC15’ was launched by CryptoWire, a global crypto super app, to empower knowledge on the cryptocurrency and blockchain ecosystem.

About Chainalysis:

CEO– Michael Gronager
Headquarters– New York, United States

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