The crypto market continues to expand in Brazil. Data released by the Federal Revenue on Monday, 25, show that the number of cryptocurrency investors registered as individuals and legal entities continues to grow. According to a report for July 2023, the asset segment has 4,1 millions of registered CPFs, representing a new record for the number of physical investors.
The data also shows an increase in legal entities, represented by 92 thousand records. This means an amount almost twice as large when compared to 2022. This is the second consecutive month of records since Revenue began releasing reports on the segment. In June, the survey had also confirmed unprecedented numbers in general investments in digital assets.
Stability in female investments
The report also highlighted other important data from the segment. The participation of the female public remains stable, showing a small increase: in July, the group of investors represented 15,54%, while in June it represented 15,12%.
Nonetheless, total female investments had a small decline of 16,62% to 16,26%. Despite similar numbers in 2023, the data still points to a gender disparity. In December of 2022 the highest rate of female operations was recorded, which was 27,1%.
remains of 12% in investments
The Federal Revenue also released the total volume of investments based on Income Tax declarations. Nonetheless, the numbers reported to the supervisory body show a drop in 12% from one month to the next. The latest report shows an amount of R$ 18,8 billion in total investments, while in June the collection reached R$ 21,2 billion.
Operations in Brazilian brokerages also show their biggest fluctuation, going from 14 billions of transactions for 12 billion. Transactions without the use of exchanges fell by 4,2 billion to 3,6 billion. As com exchange, nonetheless, decreased a little less, going from 2,6 billion to 2,3 billion.
Cryptocurrencies: Tether leads in values
Since the IRS started publishing reports on the segment, the Bitcoin currency leads in the number of operations carried out. In July it was no different. But, as well as the income generated from investments, crypto had a significant drop in the number of transactions: they were 841 thousand operations against 1,01 million recorded in June.
The total investment income was R$ 1,02 billion to R$ 737 million in the last report. In second place for movements is Ether. Unlike Bitcoin, the second largest in the market had a slight growth, going from 273 thousand for 275 thousand operations. Although, in values, there was a strong reduction: R$ 213 million to R$ 150 million.
A Tether (USDT), stablecoin pegged to Dollar, appears soon after. But, unlike competitors, the currency leads in the highest volume of revenue. It presents a greater investment profile and, in July, moved alone R$ 15,3 million in 232 thousand operations. This represents a drop compared to June, which had R$ 17 billion from 280 thousand movements.
