Cryptocurrency is expanding in usage and ownership across Canada. . As the cryptocurrency market is witnessing growth in the U.S., the Canadian market is no exception to this trend.

New York, Jan. 18, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “North America Blockchain and Cryptocurrency Market 2022” – https://www.reportlinker.com/p06373426/?utm_source=GNW
The global average of consumers who owned cryptocurrency was a certain percentage points higher than Canada as of 2021, nevertheless, Canada is catching up with nearly one in ten consumers owning cryptocurrency as of 2021, according to the new report. In addition to this, Bitcoin and Ethereum were among the most preferred cryptocurrencies among crypto users as of November 2022. In terms of the top reasons for investing in cryptocurrency, for more than half of the purchasers, making a profit even in case of risk was the top reasons, with close to another half of survey respondents stating that they were investing to support the decentralized financial system philosophy and to be a part of something innovative. Furthermore, the share of men indicated to have used crypto as of November 2022 was more than that of women, as reported by the new publication.

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