Canada ranks as top 8 most crypto-friendly nation [Wealth Professional (Canada)]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Source: Wealth Professional
Cryptocurrencies have significantly grown in popularity recently, with global crypto ownership increasing from 432 million to 580 million in 2023, according to Crypto.com. While some countries have attempted to regulate and suppress technological advancements, others have embraced the growth of these new industries. Canada ranks eighth among the world's most crypto-friendly countries, demonstrating notable adoption rates and engagement with cryptocurrency platforms. The research, conducted by CryptoCasinos, utilized ten metrics to evaluate crypto friendliness across nations. These metrics include the percentage of the population holding cryptocurrency, the cost and profit of mining one Bitcoin , and the search volume per 100,000 people for crypto-related keywords. Additional data considered the percentage share of each country's traffic to major crypto exchanges such as Binance, Coinbase, BitFinex, Kraken, Kucoin, and OKX. In Canada, 7 percent of the population currently
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