Crypto Adoption Rises in Canada with One-Quarter of Canadians Now Owning Digital Assets
A recent survey by the Ontario Securities Commission reveals that one-quarter (25%) of Canadians now own cryptocurrency, a significant increase from 10% reported in their previous 2023 study. The rise in adoption is accompanied by growing awareness, with nearly 60% of respondents indicating they are familiar with crypto assets. The survey also highlights increased advisor involvement; among investors who work with financial advisors, 39% said their advisor recommended purchasing crypto—double the rate from three years ago. Despite this growth, many Canadians still lack a clear understanding of how cryptocurrencies function and what regulations apply to them. Looking ahead, over half (52%) believe that cryptocurrency will play an important role in Canada's financial system within the future, up from 34% in 2023.
Topics: canadian investors crypto ownership ontario securities commission survey