Your Guide to Crypto in Toronto: Crypto City
Toronto embraced digital assets earlier than most and is home to more crypto projects than anywhere else in Canada.
ContentsOverviewCrypto culture in TorontoWhere can I spend crypto in Toronto?Crypto projects and businesses in TorontoCrypto controversies in TorontoCrypto education and community in TorontoNotable crypto people in Toronto
InsightThe city sits at the center of the so-called Golden Horseshoe, a large urban area around the shores of Lake Erie where 9.76 million people — about a quarter of all Canadians — live. Consistently ranked among the most livable cities in the world, Toronto, like Vancouver on the west coast, stands out for its ethno-cultural diversity brought on by waves of immigration. It is a short flight from the capital Ottawa, as well as Montreal to the north and New York to the south. Toronto is considered the financial and cultural capital of the country.
Home to notable battles between Indigenous peoples in the late 1600s, French traders in the mid-1700s, and the British later in this century, Toronto has seen a lot. In 1834, at the time of a failed rebellion against the British, it was incorporated as Toronto, which was a First Nations name, and the city became a destination for slaves fleeing the southern United States. In the late 1800s, the city became a railroad hub. Today it is served by Pearson International Airport.
As a global hub of business and culture, Toronto feels like a northern version of New York, as many movies shot in New York are filmed in the city due to their similar appearance. The wintry weather can be daunting, with freezing rain in 1999 forcing the military to be called in to clear the roads. The city is well known as the birthplace of Ethereum and is home to the majority of Canada's blockchain companies today.
Crypto culture in Toronto"Vitalik Buterin, a lanky young man from Toronto who looked smart in a very literal way, had attended Anthony's first meeting and then pitched him an idea for a blockchain platform that it called Ethereum."
So writes author Ethan Lou in his memoir, Once A Bitcoin Miner, much of which is set in Toronto. Anthony Di Iorio, one of the first Bitcoin investors, started a crypto meetup named after his software company Decentral in a "red brick house in Toronto's historic fashion district" - this is where the young Buterin came in with his idea for Ethereum, which is, of course, a whole different story.
With the founding of Ethereum, Toronto cemented its position in the crypto canon. In 2018, Canadian startup blog BetaKit wrote that there was a divide in Canada between fields that embraced the cultural aspects of crypto on one side and the financial aspects on the other.
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Toronto embraced digital assets earlier than most and is home to more crypto projects than anywhere else in Canada.
ContentsOverviewCrypto culture in TorontoWhere can I spend crypto in Toronto?Crypto projects and businesses in TorontoCrypto controversies in TorontoCrypto education and community in TorontoNotable crypto people in Toronto
InsightThe city sits at the center of the so-called Golden Horseshoe, a large urban area around the shores of Lake Erie where 9.76 million people — about a quarter of all Canadians — live. Consistently ranked among the most livable cities in the world, Toronto, like Vancouver on the west coast, stands out for its ethno-cultural diversity brought on by waves of immigration. It is a short flight from the capital Ottawa, as well as Montreal to the north and New York to the south. Toronto is considered the financial and cultural capital of the country.
Home to notable battles between Indigenous peoples in the late 1600s, French traders in the mid-1700s, and the British later in this century, Toronto has seen a lot. In 1834, at the time of a failed rebellion against the British, it was incorporated as Toronto, which was a First Nations name, and the city became a destination for slaves fleeing the southern United States. In the late 1800s, the city became a railroad hub. Today it is served by Pearson International Airport.
As a global hub of business and culture, Toronto feels like a northern version of New York, as many movies shot in New York are filmed in the city due to their similar appearance. The wintry weather can be daunting, with freezing rain in 1999 forcing the military to be called in to clear the roads. The city is well known as the birthplace of Ethereum and is home to the majority of Canada's blockchain companies today.
Crypto culture in Toronto"Vitalik Buterin, a lanky young man from Toronto who looked smart in a very literal way, had attended Anthony's first meeting and then pitched him an idea for a blockchain platform that it called Ethereum."
So writes author Ethan Lou in his memoir, Once A Bitcoin Miner, much of which is set in Toronto. Anthony Di Iorio, one of the first Bitcoin investors, started a crypto meetup named after his software company Decentral in a "red brick house in Toronto's historic fashion district" - this is where the young Buterin came in with his idea for Ethereum, which is, of course, a whole different story.
With the founding of Ethereum, Toronto cemented its position in the crypto canon. In 2018, Canadian startup blog BetaKit wrote that there was a divide in Canada between fields that embraced the cultural aspects of crypto on one side and the financial aspects on the other.
Read also
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