Crypto City – Cointelegraph Magazine

Toronto embraced digital assets sooner than most and is home to more crypto projects than anywhere else in Canada.

Contents

Overview
Crypto culture in Toronto
Where can I spend crypto in Toronto?
Crypto projects and companies in Toronto
Toronto’s crypto controversies
Toronto crypto education and community
Notable crypto figures from Toronto

Overview

The city lies at the center of the so-called Golden Horseshoe, a large urban area around the shore of Lake Erie that 9.76 million people — about a quarter of all Canadians — call home. Consistently rated among the world’s most livable cities, Toronto, much like Vancouver on the west coast, is notable for its ethno-cultural diversity brought on by waves of immigration. It’s within a short flight of the capital Ottawa, as well as Montreal to the north and New York to the south. Toronto is seen as the country’s financial and cultural capital.

Playing home to notable battles between indigenous peoples in the late 1600s, French traders from the mid-1700s and the British later that century, Toronto has seen a lot. In 1834, around the time of a failed rebellion against the British, it was incorporated as Toronto, which was a First Nations name, and the city became a destination for slaves escaping the American South. In the late 1800s, the city became a railway hub. Today, it is served by Pearson International Airport.

As a global hub of business and culture, Toronto resembles a northern version of New York, to the extent that many movies set in New York are filmed in the city due to their similar appearance. Winter weather can be formidable, with freezing rain in 1999 requiring the army to be called in for road clearing. The city is well-known as the birthplace of Ethereum and today hosts a majority of Canada’s blockchain companies.