We speak with Mark Greenberg, Managing Director for Canada at Kraken, about the rise of digital assets adoption in Canada, what trends are driving it and how it compares to adoption in the U.S.. Greenberg also talks about what the crypto regulation looks like in Canada.
What has crypto adoption in Canada been like?
Canadians have long been excited about digital assets – the very first bitcoin ATM worldwide opened in Vancouver in 2013. And over the past 10 years, we have seen crypto adoption continue to flourish and garner mainstream interest in the region.
Today, we estimate that more than four million Canadians own cryptoassets, and we expect millions more to enter the space (the total population of Canada is 40 million). An OSC survey in October 2022 found that 31% of Canadians were planning to buy cryptoassets within the next year. We are seeing increased adoption across all cohorts of the Canadian marketplace, both from individuals and institutions and from differing demographics.
How does it compare to adoption in the U.S.?
Historically, Canadians have been slightly more risk-averse investors than Americans, and we have…
Click Here to Read the Full Original Article at Cryptocurrencies Feed…
