Global Taxable Crypto Activity Hits Record High at $457 Billion

Crypto transactions worth at least $457 billion may be subject to taxation in 2025, according to data from Chainalysis. The figure includes realized gains, income from mining and staking, lending, and crypto-denominated payments across six blockchains.

The United States accounted for approximately $112.6 billion of the total taxable activity, while North America led regions with $134.6 billion, followed by the European Union with $125.1 billion.

Chainalysis found that transactions covered by the OECD's Crypto-Asset Reporting Framework (CARF) account for only 14% of the onchain taxable activity it identified, leaving a significant portion outside its reporting perimeter.