The group reported Q122 net revenues of HUF48.9bn (a rise of 220% y-o-y), with EBITDA of HUF14.5bn and PAT of HUF2.2bn (a four-fold rise), declaring a dividend of HUF29 per share. Pro forma figures suggest FY22 EBITDA of at least HUF80bn, but the company is expecting to provide formal guidance for the year alongside its Q222 results. Net debt at 31 March 2022 stood at HUF453bn, implying an FY22 EV/EBITDA of 8.5x, with a medium-term net debt/EBITDA target of 4x.

The total stablecoin market cap of $160bn accounts for 7% of the entire cryptocurrency market, which sits at $2.3trn at the time of writing. In 2019, cryptocurrency exchange, Binance partnered with Paxos to launch the Binance USD (BUSD) stablecoin. BUSD will grow to become the most popular USD pairing on Binance USDT savings and is also being adopted for DeFi platforms on the Binance Smart Chain. If mining is classified as a business based on the criteria mentioned above, then the mining income will be added to trading profits and be subject to Income Tax.

Do you pay tax when you sell cryptocurrency in the UK?

Other key highlights of Bitpanda’s crypto platform is that there are no fees for depositing or withdrawing funds and you can start buying and selling crypto with as little as £1. So, it’s an excellent way to dip your toes into the world of crypto if you’re looking to try out a broker and learn the ropes before diving in. It is hard to envisage USDT losing its dominant position, given its significant first-mover advantage in an industry where scale is paramount. Nevertheless, should yield-bearing stablecoins gain popularity, this trend could compel Tether to begin sharing its profits with token holders. A stablecoin is a type of cryptocurrency designed to maintain a stable value relative to assets such as the US dollar. They are generally backed by a reserve of fiat currency and cash equivalents like US treasuries.

• Holding FIAT currency in a traditional bank often earns interest, if at all, that is at a rate less than inflation resulting in the funds actually going down in real term value.
• Oliver made a £20,000 gain selling Bitcoin this year, but last year he made a loss of £10,000.
• The OKX mobile app mirrors the platform’s desktop functionality with a clean and responsive design.
• As with any other DeFi lending project, there is always the possibility that you’ll lose your deposited collateral or that the value of your collateral will decline during the term of your loan.

Yield in crypto

This shows that users are moving toward leverage-based trading (called derivatives) rather than just spot swaps. By investing in the stablecoin market, you can get promising profit. You can also diversify holdings, explore yield options, stay informed on regulatory changes.

Ways to Trade Solana Online

It’s simple to calculate your capital gain or loss once you have your cost base. A capital gain or loss is the difference in value between when you purchased the asset and when you sold, swapped, spent, or gifted it. Subtract your cost basis from the fair market value of the asset on the day you disposed of it if you spent, traded, or gifted it. Both companies invest the dollars backing their stablecoins (USDT and USDC) in safe government bonds, mostly U.S. Why it matters for stablecoin investing as many DeFi strategies (like lending or farming) show APY because your earnings are often automatically reinvested.