Coinspeaker
KPMG: 39% of Canada’s Institutional Investors Have Exposure to Crypto

Financial consulting giant KPMG recently conducted a survey stating that nearly 40% of Canada’s institutional investors have sought exposure to cryptocurrencies. As per the joint survey conducted by KPMG Canada and CAASA, Canadian institutions had direct or indirect exposure to cryptocurrencies in 2023, up by 31% from 2021.

“In our 2021 survey, crypto assets experienced robust growth,” notes Kunal Bhasin, a partner at KPMG in Canada’s Digital Assets practice.

Reflecting on subsequent developments, Bhasin acknowledges the turbulence of the following year in 2022, marked by significant collapses of crypto firms and a surge in fraudulent activities. Despite these challenges, he suggests that these events ultimately had a “cleansing effect” on the crypto industry.

“Our survey findings suggest crypto assets are increasingly seen as an investible alternative asset class among such institutional investors and financial services organizations in Canada,” License.

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