A study by the Ontario Securities Commission reveals that over half a million people, 5 percent of Ontario residents, currently own cryptocurrencies. The report also shows how they invest, how many owned crypto in the past but not anymore, and details of those investing in tokens.
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5% of Ontarians Have Crypto
The Ontario Securities Commission (OSC) published a study last week entitled “Taking Caution: Financial Consumers and the Cryptoasset Sector.” The report describes:
Five percent of Ontarians currently own cryptoassets. Based on recent population estimates, this figure translates into over 500,000 Ontarians currently holding at least some cryptoassets. An additional 4 percent of Ontarians owned cryptoassets in the past but no longer do.
More specifically, the Canadian Department of Statistics currently shows an estimate of 14,374,084 citizens in the province. This equates to 718,704 Ontarians presently holding some type of cryptoassets.
Furthermore, half of cryptoasset owners spend less than $1,000 on their cryptocurrencies, with 90 percent spending under $10,000. Meanwhile, about 50,000 Ontarians spend more than $10,000.
This study is based on background research by the OSC Investor Office as well as a survey of over 2,667 Ontarians aged 18 and older, carried out between March 14 and 22. 
The survey includes “an oversample of 1,506 men aged 18-34,” because of “its higher expected propensity, based on prior research, to own cryptoassets compared to the rest of the public.”
According to the report, “Men aged 18-34 were substantially more likely to report owning a cryptoasset than the general public, with 14 percent reporting that they currently own a cryptoasset.”
The survey sample was then “weighted down to n=1,000 by age, gender and region using the latest Statistics Canada Census data to
