KPMG’s survey highlights a significant increase in crypto adoption in Canada, with more financial institutions offering crypto services and institutional investors adding digital assets to their portfolios. In 2023, 22% more financial institutions in Canada provided crypto services, and 26% more institutional investors invested in cryptocurrencies. The survey also indicates that nearly 40% of institutional investors had direct or indirect exposure to cryptocurrencies in 2023, up from 31% in 2021.