Canadians increase cryptocurrency ownership to 25%

2 min read

A new Ontario Securities Commission survey shows 25% of Canadians now own some form of cryptocurrency, up from a 2023 finding that 10% owned bitcoin or another digital asset. Awareness rose to 59%, while 52% now expect crypto to play a role in the country's financial system, up from 34% last year. Among advised investors, 39% said their financial adviser recommended buying crypto, compared with 19% three years earlier. The report also found widespread misunderstandings about regulation, insurance and transaction mechanics, and noted 34% had heard of stablecoins; bitcoin traded at $64,800 U.S. on July 30.

One quarter of Canadians now own cryptocurrency.