Chainalysis said monthly peer-to-peer crypto transaction volume in Canada has declined from a peak of about 650,000 transactions seen in spring 2024. The report said the drop has occurred in parallel with a reduction in study permits. Chainalysis linked that pattern to changes in Canada’s international student population. The item was cited by Techub, which referenced Crypto.news as the source. No additional figures or time breakdowns were disclosed in the brief. The report focuses on monthly P2P activity in Canada and points to a correlation, rather than offering a broader market explanation in the cited summary.
Monthly peer-to-peer (P2P) crypto transaction volume in Canada has fallen from a peak of about 650,000 transactions recorded in spring 2024, according to a Chainalysis report cited by Techub.
The report said the shift has coincided with a decline in study permits. Chainalysis said the pattern is tied to changes in Canada’s international student population.
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