Canada Leads G7 in Crypto Remittances, Surging 141% to $2.36 B
Current overview (not historical)
Chainalysis reports a 141% jump in Canadian crypto remittances to India, China, and the Philippines, totaling $2.36 billion in 2024. Canada ranks first among G7 nations for peer‑to‑peer crypto transfers. The three Asian destinations account for 194% of Canada’s cross‑border stable‑coin value, with 3.56 million transactions averaging $663 each. A single remittance to the Philippines reached $61.02 million, and overall volume to that country grew 28% year‑over‑year. Chainalysis attributes the surge to Canada’s large foreign‑national population and the high cost of traditional remittance services.
Written with AI from the reporting · updated 10/14/2026
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- 1Unclassified fact stationJun 30, 00:00recorded Oct 14, 22:22single sourcerevised
Canada crypto remittances to Asian countries surge 141% to $
Read original source ↗ CointelegraphReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- Canada
- Action：
- crypto remittances to Asian countries surged
- Object：
- India, China and the Philippines
- Occurred (fact side)：
- Jun 30, 00:00
- Published (valid side)：
- Oct 14, 21:00
- First seen (known side)：
- Oct 14, 22:22
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- CointelegraphRelated fact: single sourceSource report revisedCanada's crypto remittances to Asia surge 141% to $2.36B, Chainalysis reports
Report first recorded Oct 14, 22:22
Remittance-sized crypto transfers from Canada to India, China, and the Philippines increased by 141% year-over-year, reaching $2.36 billion, according to a new Chainalysis report. These three countries accounted for 194% of Canada’s outbound cross-border stablecoin value, up from 10.9% in the previous year, across 3.56 million transactions in the 12 months ending June 2026, averaging $663 per transaction. Chainalysis ranked Canada as the strongest peer-to-peer (P2P) crypto economy among G7 nations, citing its large foreign-born population (about 23% of Canada's population) and the high cost of traditional remittance services, which the World Bank estimates at 6.7%.
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