17 Bitcoin & Crypto Statistics: The Present and Future of Cryptocurrency in Canada

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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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