An Ontario Securities Commission survey of 2,360 Canadians reveals that crypto asset awareness has reached 59% and ownership has grown to 25%. While 38% of aware Canadians plan future purchases and platform registration checks rose to 50%, general crypto knowledge remains limited. Interest in stablecoins and tokenized assets is high among those familiar, despite low overall awareness.
Canadian crypto asset awareness
- ▪A survey of 2,360 Canadians by the Ontario Securities Commission found that 59 percent of Canadians are aware of crypto assets.
- ▪The Ontario Securities Commission survey found that knowledge of crypto assets remains limited among Canadian investors, with many misunderstanding regulation, insurance, and transaction capabilities.
Crypto ownership growth trends
- ▪Among Canadians aware of crypto assets, 38 percent indicated they were highly likely to purchase crypto assets in the future, up 18 percentage points from 2023.
- ▪The Ontario Securities Commission survey of 2,360 Canadians found that crypto asset ownership among Canadians has increased to 25 percent.
Platform registration verification rates
- ▪Half of Canadian crypto owners reported checking whether their crypto asset trading platform is registered before using it.
- ▪The proportion of Canadian crypto owners checking platform registration before use increased to 50 percent from 38 percent in 2023.
Stablecoin tokenized asset interest
- ▪Interest in stablecoins and tokenized real-world assets is high among Canadians who are familiar with these products.
- ▪Awareness and ownership of stablecoins and tokenized real-world assets remain relatively low among Canadians.
OSC investor protection resources
- ▪The Ontario Securities Commission provides resources to help investors understand crypto assets on GetSmarterAboutMoney.ca and through its Investor News e-newsletter.
- ▪The mandate of the Ontario Securities Commission includes protecting investors from unfair, improper, or fraudulent practices, and fostering fair, efficient, and competitive capital markets.
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