Annual crypto adoption development in Canada 2020-2023, by metric
Canada is in the top 20 in the world in 2023 when it comes to crypto adoption based on transaction volume. This is according to estimates based on web traffic towards individual websites that are used to perform cryptocurrency transactions and then compared for 146 countries of website traffic origin. Notable for Canada is the high ranking of decentralized websites, especially for retail. The source does not explain why this is the case, although it might have to do with the NFT craze that still existed in the early months of 2022.