RootData broadcasts largest crypto traders of 2022

On Jan.sixteenth, 2023, RootData introduced the names of people who made probably the most investments in cryptocurrency in 2022. Former Coinbase CTO Balaji Srinivasan is the biggest investor on the record.

2022’s biggest traders 

Srinivasan is adopted by Polygon co-founder Sandeep Nailwal, with a portfolio of 64 and 37 investments final 12 months, surprisingly.

The third most important investor is Sebastian Borget, Sandbox COO, with a portfolio of 18 investments,14 of them being 2022 investments. 

Santiago Roel Santos made 14 investments, and Jayanti Kanani made 14.

Indians investing in crypto 

Two Indians are high of the record of the very best traders. Analysis performed by Kucoin in 2022 discovered an rising variety of Indians investing in crypto. 

As of 2022, there have been an estimated 115 million crypto traders from India. That is 15% of individuals aged between 18 and 60 in India. 

Crypto market confronted a downturn in 2022

Nonetheless, 2022 was not a superb 12 months for the crypto market. The market capitalization dropped to $798 billion as of the tip of 2022 from $2.9 trillion the earlier 12 months. 

The crypto winter of 2022 resulted from the rising rates of interest, which prompted a wave of trade chapter filings and drove down the worth of probably the most well-known cryptocurrencies. 

The worst-hit token was Polkadot (DOT), with a worth lack of 83.6%. Tron (TRON) had a 27% fall, however was the very best performer and was among the many high 10 most dear cryptocurrencies by market capitalization.

The cryptocurrency trade markets additionally made losses when some prospects withdrew their accounts. In December, Binance noticed $6 billion in buyer withdrawals.  

The accounting firm Mazars, dealing with all Binance monetary ledgers, withdrew its companies and eliminated its experiences from its web site. 

To convey again traders’ confidence, Binance acknowledged it had contacted a number of main accounting firms. Nonetheless, it was but to discover a agency ready to cooperate with a personal cryptocurrency firm.

The 12 months ended with low volatility and little worth change. It was a tranquil finish to a dreadful 2022 for main cryptocurrencies.

Markets are nonetheless listening to the drama surrounding the demise of FTX, and the Sam Bankman-arrest of Fried’s and extradition. 

In the meantime, there are renewed requires tighter regulation of the cryptocurrency trade following the FTX’s collapse.