Chainalysis estimates $457B in potentially taxable global crypto activity

Potentially taxable cryptocurrency trading, income and payments worldwide are estimated at about $457 billion, according to a Chainalysis report. The blockchain analytics firm said the estimate includes capital gains from asset trading on centralized and decentralized exchanges, on-chain income from staking, lending and mining, and cryptocurrency payments. Stablecoin payments were the largest segment and were widespread across multiple countries, the report said.