The average crypto investor made $887.60 in realized gains for 2023, according to a study by cryptocurrency tax software platform CoinLedger.

Last year’s average gains mark a significant turnaround following the turmoil of 2022, when the average investor realized over $7,000 in losses amid the collapse of several crypto firms and a severe bear market.

“It’s clear that the cryptocurrency market is growing once again.” CoinLedger CEO David Kemmerer said in a statement. “After the collapse of FTX, the cryptocurrency ecosystem saw a freefall in asset prices. This latest rebound highlights the resilience of the industry.”

The report's statistics were generated via CoinLedger’s proprietary user base of more than 500,000 crypto investors. The majority (80%) of CoinLedger’s users are from the …