Ontario places third in new crypto study

Ontario named Canada’s third most crypto-obsessed region

  • Ontario is Canada’s third most crypto-obsessed region, with 1,032 related monthly searches per 100,000 people. 
  • Over 157,655 crypto-related searches are completed on average in Ontario every month.
  • The Yukon and British Columbia also ranked high on the study, with over 1,000 monthly searches per 100,000 in each region.

Ontario is the third most crypto-obsessed region in Canada, according to a new study.   

A report from online casino expert Datslots analyzed Google Keyword data over the last 12 months to discover the average monthly searches for crypto-related terms in each Canadian province and territory. The search volumes were then ranked per 100,000 people to reveal the regions in Canada most interested in cryptocurrencies.   

Canada’s most-populated province, Ontario, placed third in the new study. Residents of Ontario are some of the most interested in crypto across the country, contributing the highest volume of average monthly searches related to crypto with 157,655. The province places just below the Yukon and British Columbia, with an average of 1,032 monthly crypto searches per 100,000.  

With an average of 1,228 monthly searches per 100,000, the Yukon topped the list as the Canadian region most keen on crypto. Despite being Canada’s second-least populated region, the Yukon is the country’s crypto hotspot. Over the last 12 months, 6,480 crypto-related searches were made across the territory, securing its first place as Canada’s most crypto-obsessed region.   

British Columbia came in second on the study, ranking as Canada’s top crypto-obsessed province. Those living in British Columbia complete 62,066 monthly searches on average for terms related to cryptocurrencies, equating to 1,156 monthly searches per 100,000.  

With a small population of 45,602, the Northwest Territories was recognized as the fourth most-interested region in cryptocurrency. On average, residents of the Northwest Territories complete 449 crypto-related Google searches every month, equal to 984 monthly searches per 100,000.  

Alberta rounded out the top five Canadian regions most obsessed with cryptocurrencies. The western province sees residents search for crypto-related terms on Google an average of 45,060 times per month. Alberta ranks above provinces like Nova Scotia, Manitoba, and Quebec, averaging 979 monthly crypto searches per 100,000.   

Rank Province Population Average Monthly Search Volume Average Monthly Search Volume Per 100k 
The Yukon 43,964   540.00   1,228.28  
British Columbia 5,368,266   62,066.67   1,156.18  
Ontario 15,262,660   157,655.00   1,032.95  
Northwest Territories 45,602   449.17   984.97  
Alberta 4,601,314   45,060.83   979.30  
Nova Scotia 1,030,953   7,685.00   745.43  
Manitoba 1,420,228   10,280.00   723.83  
Quebec 8,751,352   63,200.83   722.18  
New Brunswick 820,786   5,665.83   690.29  
10 Prince Edward Island 172,707   1,177.50   681.79  
11 Saskatchewan 1,205,119   8,212.50   681.47  
12 Nunavut 40,586   267.50   659.09  
13 Newfoundland and Labrador 528,818   2,645.83   500.33 

Newfoundland and Labrador placed bottom in the new study, claiming a spot as the Canadian province least interested in cryptocurrencies. People living in the province appear less keen on crypto than the rest of the country, with an average of 500 monthly searches per 100,000, over 150 less than any other region.   

Nunavut was the closest to Newfoundland and Labrador on the study, taking the second-last spot and claiming the title of Canadian territory least interested in cryptocurrencies. The smallest region in Canada with a population of 40,586, Nunavut residents search for crypto-related terms less than almost every other region. On average, 267 Google searches related to crypto are completed monthly across the territory, equating to 659 monthly searches per 100,000.  

Commenting on the findings, a spokesperson from Datslots said: “Following the launch of crypto exchange platform Coinbase in Canada, it is fascinating to see which areas across Canada are most interested in cryptocurrencies. 

“As various cryptocurrency firms continue to expand across Canada, we will be keeping an eye on search trends to spot if Canadians’ interest in crypto continues to grow.” 

Credit to https://www.datslots.com/    

Sources: Google Keyword Planner  

Methodology: Using a number of search terms related to crypto, monthly Google keywords search volumes averaged over the past 12 months were found for each province and territory in Canada. The search volumes were then aggregated by province/territory, divided by population, and multiplied by 100,000. The provinces/territories were then ranked by search volume per 100k.