Canada Cryptocurrency Market Report: 10% of Canadians Hold Cryptocurrency, BTC and ETH Account for Over 60% of Market Share

2024-11-07 21:06:59

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ChainCatcher news, according to Chainwire, the cryptocurrency news and analysis platform CCN has released a latest report on the Canadian cryptocurrency market. The report shows that the Canadian cryptocurrency market has rapidly expanded over the past year, with an estimated 10% of Canadians currently holding some form of cryptocurrency. Bitcoin and Ethereum account for over 60% of the total market share in Canada, while other altcoins like Solana and Chainlink are also gaining attention.

The report points out that increased institutional interest, a favorable regulatory framework, and a growing public awareness of digital assets are the main factors driving market growth.

Additionally, the new regulatory guidelines introduced by the Canadian government in 2024 further encourage cryptocurrency exchanges and individuals to participate more actively in the market.

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