UK Cryptocurrency Profits Reach £1.38 Billion in 2024-2025 Tax Year

The UK tax authority has released new data on cryptocurrency profits in the country. For the 2024-2025 tax year, 17,600 people declared taxable capital gains on digital assets totaling £1.38 billion.

This is a significant milestone for the UK's crypto market, as it marks the first time that cryptocurrency profits have been reported separately from other investments.

The data shows that the average profit per taxpayer was around £78,000, with almost 90% of those who submitted such information being men.