Canada Sees 25% Ownership Rate for Crypto Assets

Canada's adoption of digital assets has reached a new milestone, according to a recent survey by the Ontario Securities Commission (OSC). The report reveals that 25% of Canadians now own crypto assets or investment funds, more than double the number from two years ago. This figure rose from just 10% in 2023 and 13% in 2022.

The level of adoption has increased substantially over the past two years, with nearly 39% of Canadian investors now owning some form of crypto product. Awareness also continues to rise, with nearly 59% of Canadians able to correctly identify what a crypto asset is.

While many Canadians still misunderstand how crypto works, especially in areas such as regulation and insurance coverage, the survey shows that cryptocurrency is increasingly being used for more than speculation. Among current crypto owners, 74% said they have actually used their digital assets, while 89% of stablecoin holders reported using their holdings.