As the cryptocurrency market continues to rise, investors are turning their attention to top Canadian crypto stocks of 2023. This booming field offers a great way to diversify your portfolio with cutting-edge digital assets. From tech companies to miners, these five Canadian firms offer a range of options that can help you maximize returns.
At the top of the list is HIVE Blockchain Technologies (HIVE.V). This company is one of the world’s largest publicly traded crypto miners. Through its mining farms located in Sweden and Iceland, it provides secure digital asset transactions. The firm recently launched a digital currency called the HIVE Utility Token (HUT), which operates on its own blockchain and can be used to purchase goods and services from the HIVE marketplace.
Next is Decentral Inc.(DENT.CN). This company is well known for its Decentral Exchange, a secure trading platform that enables users to buy and sell digital assets. It also provides a suite of services to help developers, entrepreneurs, and enterprises launch and manage blockchain-based applications. The firm has announced plans to move into energy trading using its blockchain-based electricity marketplace.
Third on the list is Fortress Blockchain Corp. (FBC.V). This company is focused on becoming a leading provider of crypto-asset infrastructure services and technology. Services include blockchain consulting, software development, smart contract services, and asset tokenization. The business also mines bitcoin and other digital currencies while offering a secure storage platform to protect customer funds.
Fourth is Coinsquare Ltd. (CSQ.CN). This business provides a multi-asset exchange platform for buying and selling digital assets like bitcoin, Ethereum, litecoin, and Dogecoin. It also offers a range of other services, such as trading, brokerage, merchant processing, white label services and more.
Last but not least is the Canadian-based software company Blockstream (BLK.V). Blockstream is a leader in providing blockchain technology for financial services, having collaborated with organisations such as the Canadian Central Bank on digital currency development and research. The company is also involved in mining and provides a range of services aimed at enhancing security, scalability, and privacy for the crypto-economy.
These five crypto firms present a well-rounded portfolio for investors interested in digital assets and blockchain technology. Do your own research and decide which ones work best for your overall investment strategy.