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We gathered 17 of the top Bitcoin and crypto statistics for a data-driven glimpse into Canadian crypto investors, miners, and more.
We researched and verified statistics from reliable third-party sources provided the foundation for this list. We update and add more high-quality, interesting Canadian crypto statistics with sources regularly.
Top Bitcoin and Crypto Statistics (Editor’s Pick)
- 13% of Canadians own some form of cryptocurrency.
- 38% of Canadians believe crypto assets currently play a key role in the financial system.
- Demographically – Canadian crypto owners are more likely to be men (67%), aged 25-44 (59%)
- Among the cryptocurrencies currently owned by Canadians, Bitcoin (BTC) (23%) and Ethereum (ETH) (17%) were the most widely held; followed by Dogecoin (DOGE) (8%)
- 52% of crypto asset owners acquired them through a centralized crypto trading platform.
- More than half (55%) of Canadians who currently own or used to own crypto assets said they don’t regret their decision.
- Coinbase and Wealthsimple Crypto are the most used crypto trading platforms.
- Canada had the world’s first exchange-traded fund backed by physically settled Bitcoin. The Purpose Bitcoin ETF (BTCC. Canada), which started trading on the Toronto Stock Exchange on Feb. 18, 2021.
- Ethereum, one of the leading cryptocurrencies, was created by a Russian-Canadian, Vitalik Buterin.
- KPMG in Canada invests in crypto assets.
- In 2012 The Royal Canadian Mint announced a digital currency – MintChip to facilitate the exchange of value between consumers and merchants in real time.
- Quebec is one of the preferred locations for crypto mining operations due to its low electricity costs.
- Canada has CADT, a Canadian Dollar-backed stablecoin that allows users to trade and transact in a cryptocurrency pegged to the value of the Canadian Dollar.
- The Bank of Canada has been exploring the development of a Central Bank Digital Currency (CBDC) to innovate in the field of monetary policies and financial infrastructure.
- Changpeng Zhao (Chinese: 赵长鹏; pinyin: Zhào Chángpéng), commonly known as CZ, is a Chinese-born Canadian businessman, investor, and software engineer. CZ is the co-founder and CEO of Binance, the world’s largest cryptocurrency exchange by trading volume as of July 2022.
- Taxation on Crypto – The Canada Revenue Agency (CRA) considers cryptocurrency to be a commodity, and transactions are subject to income tax.
- Canadian universities like the University of British Columbia (UBC) offer courses and programs related to blockchain and cryptocurrency.
Sources: OSC Survey, The Ontario Securities Commission (OSC), Reuters, Cointelegraph.com, KPMG, Wikipedia, Hydro-Québec, Blockchain Venture Capital Inc., Bank of Canada, Wikipedia, CRA, UBC
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
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nooxli is basic how-to crypto guides, reviews, and information for beginners to get started with cryptocurrency in Canada. Personal investment disclosure: I am long BTC & ETH. I take profits when I feel like it. I trade altcoins in hot markets. NOT investment advice. Investing in cryptocurrency is risky. Do your own research.
Seen in: Finbold, CoinMarketCap, Times Tabloid, and TheBitTimes.com
