Increased Holdings of Cryptocurrencies Among Canadian Institutions Revealed by KPMG Survey

Wednesday, 24 April 2024, 17:12

A recent survey conducted by KPMG has shown that 75% of institutional investors in Canada have included cryptocurrencies in their portfolios in 2023. This significant uptick in crypto holdings indicates a growing acceptance and adoption of digital assets within the Canadian financial sector, showcasing a trend towards diversification and modernization in investment strategies.
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Increased Holdings of Cryptocurrencies Among Canadian Institutions Revealed by KPMG Survey

Increased Institutional Adoption of Cryptocurrencies

A survey by KPMG has revealed that 75% of institutional investors in Canada have significantly increased their holdings of cryptocurrencies in 2023. This uptick in crypto ownership is seen as a strategic move by these institutions to diversify their portfolios and stay ahead in the evolving financial landscape.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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