A Quarter Of Canadians Now Own Crypto

One successful 4 Canadians (25%) present ain immoderate signifier of cryptocurrency.

A caller survey by the Ontario Securities Commission has recovered that cryptocurrency adoption successful Canada is rising. 

In its erstwhile 2023 survey, the Ontario Securities Commission recovered that lone 10% of Canadians owned Bitcoin (CRYPTO: $BTC) oregon different integer asset. 

More From Cryptoprowl:

• Ramp Network Brings Multichain Wallet and Rewards to EU

• MEXC Expands Ondo Tokenized Stock Offerings with AI Infrastructure and Mining Assets

• HSC Conference To Bridge Digital Assets And Institutional Finance In Ho Chi Minh City

• MEXC Integrates World-Check to Fortify Institutional Grade Compliance Architecture

• MEXC Ventures Supports Alpha Arena's APAC Debut astatine Coinfest Bali

Additionally, the latest survey recovered that a bulk of Canadians (59%) accidental they are alert of crypto assets.  

Among investors who enactment with a fiscal advisor, 39% said their advisor recommended they acquisition crypto, astir treble the 19% who said the aforesaid 3 years ago.  

The Ontario Securities Commission said successful its caller study that crypto appears to beryllium an emerging inclination among Canadian investors. 

Still, the survey besides recovered that galore respondents misunderstood crypto and however they are regulated, whether they are insured, and however the transactions really work. 

Nevertheless, much than fractional of Canadians (52%) present judge that crypto volition play a relation successful the country's fiscal strategy successful the future, up from 34% successful 2023.  

A full of 38% of radical who said they're alert of crypto indicated that they were highly apt to bargain Bitcoin oregon different integer plus successful the future, an 18-percentage constituent summation from 2023. 

Lastly, one-third of Canadians (34%) said they had heard of stablecoins, which are cryptocurrencies tied to different asset, typically the U.S. dollar. 

Bitcoin is trading astatine $64,800 U.S. connected July 30.