Crypto
Smaller Investors Creep Back Toward Crypto
Everyday investors are returning to cryptocurrency, though with less enthusiasm than before.
That’s according to a Sunday (Feb. 18) report by Bloomberg News, which notes that the largest American crypto exchange, Coinbase, saw a 60% year-over-year jump in consumer transaction revenue during its most recent quarter, and a 80% increase from quarter to quarter.
Meanwhile, the report said, Robinhood, which is focused on retail users, saw crypto notional volumes jump by 242% in December from a year ago.
The report argues these are the latest indicators that “mom-and-pop” crypto enthusiasts, who lost billions when the market plummeted in 2022, could be returning to the space in the wake of last month’s launch of U.S. exchange-traded funds investing directly in Bitcoin.
Bitcoin’s price has more than doubled in the last year, and the thought of it climbing even higher may be making consumers forget how volatile crypto can be, the report said.
“There are signs that the retail audience is starting to get back into the market, but not nearly to the extent of the last bull market yet,” Kyle Doane, a trader at Arca, told Bloomberg. “Even crypto stocks like COIN and miners are exhibiting more volatility than many tokens.”
As PYMNTS wrote last week, Coinbase’s 2023 fiscal year numbers — when put up against its fourth quarter financial results — underscored the difference a year can make in the crypto landscape: The company’s 2023 transaction revenue was $1.5 billion, down 36% year over year, and total trading volume was $468 billion, down 44% from the previous year.
Consumer trading volume for the full year 2023 was $75 billion, down 55% YoY, and institutional trading volume was $393 billion, down 41% YoY. The key driver of these declines was “multi-year lows in crypto asset volatility,” executives told investors.
However, “the exchange’s Q4 numbers told a more positive story about the crypto ecosystem,” that report said.
Coinbase’s Q4 consumer transaction revenue came to $493 million, a 79% increase quarter over quarter, while the exchange’s Q4 consumer trading volume was $29 billion, up 164% from the previous. That’s notably better than the U.S. spot market, which rose 90% over the same period, executives noted.
“Most customers on our platform own multiple crypto assets, not just bitcoin,” Coinbase CFO Alesia Haas told investors.
WASHINGTON (7News) — Recent positive economic indicators have come out like a lower-than-expected January inflation rate and a strong jobs report. Financial expert Ric Edelman explained the resilience of the economy and what’s going on with cryptocurrency.
“It’s proving to be surprisingly resilient. The jobs data was very good that just came out, unemployment rate remains low. Interest rates are stable and hopefully coming down. Overall, consumer prices are doing okay as well,” said Eldelman.
RELATED | Job growth beats forecast. Is the economy rebounding?
“A lot of folks have been widely fearing a recession. It doesn’t seem to be in sight at any moment, but there are continuing concerns: the tariffs, global economics. And in fact, if you look closely at the jobs data, almost all the jobs created in this last report were in the healthcare sector, which doesn’t spell well for the overall economy, just that one sector. So there is some weakness, and this is why investors remain a little bit nervous,” said Eldelman.
Younger Americans are buying Bitcoin and other cryptocurrencies, seeing it as a path to the American dream.
“This particular crypto winter, as it’s called. It’s the ninth time Bitcoin has fallen this much. Came out of nowhere, and it surprised everybody, including me,” said Eldelman.
“We basically are seeing a tale of two cities. On the one hand, prices are down dramatically over the past couple of months. They may fall even further yet. But if you look beyond the numbers at the fundamental growth and development of the technology, it’s all looking really very exciting.”
For investors, Eldelman had the following advice:
This is a period of extreme uncertainty… And for that reason, you should do two things. Number one, continue invest slowly but steadily. In other words, not a single lump sum, but invest a little bit every month on a regular basis. And second, stay focused on 10 years from now, not 10 days from now.
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Financial expert Ric Edelman has the latest economic outlook (7News).{ }
Toronto, ON, Feb. 12, 2026 (GLOBE NEWSWIRE) — As cryptocurrency adoption continues to expand among investors on both sides of the border, understanding the tax treatment of digital assets has become increasingly important. Cardinal Point Wealth Management has published a new educational blog post, How the Canada Revenue Agency Taxes Cryptocurrency, offering timely guidance on how crypto transactions are treated under Canadian tax law and what investors need to know to remain compliant.
Understanding CRA’s Approach to Cryptocurrency
The article provides a clear overview of how the Canada Revenue Agency (CRA) classifies cryptocurrency, including when crypto transactions may be treated as capital gains versus business income. It also explains how the CRA views cryptocurrency as a commodity rather than legal tender, a distinction that has important tax implications for investors.
Common Taxable Cryptocurrency Transactions
The blog outlines several common taxable events involving cryptocurrency, including trading digital assets, selling cryptocurrency for fiat currency, mining activities, and using cryptocurrency to purchase goods or services. With enforcement and reporting scrutiny increasing, the post emphasizes the importance of maintaining accurate transaction records and understanding reporting obligations.
Cross-Border Considerations for Canada–U.S. Investors
For individuals with financial ties to both Canada and the United States, cryptocurrency taxation can be especially complex. Differences between CRA and IRS treatment, reporting requirements, and potential double-tax exposure can create unexpected liabilities. Cardinal Point’s blog highlights the importance of coordinated tax and financial planning for cross-border investors navigating the evolving digital asset landscape.
Key Takeaways
- Cryptocurrency is taxable in Canada, and its treatment depends on the nature of the transaction
- Trading, selling, mining, and spending cryptocurrency may trigger tax obligations
- Recordkeeping is critical to remain compliant with CRA reporting requirements
- Cross-border investors face added complexity and should seek integrated planning advice
The full blog post is available here:
https://cardinalpointwealth.com/2026/01/28/how-the-canada-revenue-agency-taxes-cryptocurrency/
About Cardinal Point Wealth Management
Cardinal Point Wealth Management provides integrated financial, tax, and estate planning services for individuals and families with financial ties to Canada and the United States. The firm specializes in helping clients navigate complex cross-border financial matters and is a recognized leader in cross-border wealth management and Canada U.S. financial planning,
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Company Name: Cardinal Point Wealth Management, ULC
Contact Person: Kris Rossignoli, Senior Private Wealth Manager
Email: info@cardinalpointwealth.com
Country: USA
Website: www.cardinalpointwealth.com
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