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Canada’s cryptocurrency market grew 2.3% over the year through June to reach $247.7 billion, while the global market contracted 1.6% and the U.S. market shrank 2.2%, blockchain analytics firm Chainalysis said on X.
According to Chainalysis, Canada’s market is smaller than that of the United States, but ranked second among countries on its proprietary metric measuring large-scale cryptocurrency trading activity. In its crypto adoption index focused on retail users, Canada ranked 10th out of 117 countries surveyed.