Canadian Crypto Market Report: 10% of Canadians Own Cryptocurrencies, BTC and ETH Account for Over 60% of Total Market Share

Cryptocurrency news and analytics platform CCN has released a new report on the Canadian cryptocurrency market, Chainwire reports. The report shows that the Canadian cryptocurrency market has expanded rapidly over the past year, with an estimated 10 percent of Canadians now holding some form of cryptocurrency. Bitcoin and ethereum account for more than 60 percent of the total Canadian market share, while other alternative coins such as Solana and Chainlink are also gaining traction.
The report states that increasing institutional interest, favorable regulatory framework, and rising public awareness about digital assets are the major factors driving the market growth.
Moreover, new regulatory guidelines introduced by the Canadian government in 2024 have further encouraged cryptocurrency exchanges and individuals to participate more actively in the market.