diff --git a/hw/usb/canokey.c b/hw/usb/canokey.c
index 6cb8b7cdb0..4a08b1cbd7 100644
--- a/hw/usb/canokey.c
+++ b/hw/usb/canokey.c
@@ -14,6 +14,7 @@
 #include "qapi/error.h"
 #include "hw/usb.h"
 #include "hw/qdev-properties.h"
+#include "trace.h"
 #include "desc.h"
 #include "canokey.h"
 
@@ -66,6 +67,7 @@ static const USBDesc desc_canokey = {
  */
 int canokey_emu_stall_ep(void *base, uint8_t ep)
 {
+    trace_canokey_emu_stall_ep(ep);
     CanoKeyState *key = base;
     uint8_t ep_in = CANOKEY_EP_IN(ep); /* INTR IN has ep 129 */
     key->ep_in_size[ep_in] = 0;
@@ -75,6 +77,7 @@ int canokey_emu_stall_ep(void *base, uint8_t ep)
 
 int canokey_emu_set_address(void *base, uint8_t addr)
 {
+    trace_canokey_emu_set_address(addr);
     CanoKeyState *key = base;
     key->dev.addr = addr;
     return 0;
@@ -83,6 +86,7 @@ int canokey_emu_set_address(void *base, uint8_t addr)
 int canokey_emu_prepare_receive(
         void *base, uint8_t ep, uint8_t *pbuf, uint16_t size)
 {
+    trace_canokey_emu_prepare_receive(ep, size);
     CanoKeyState *key = base;
     key->ep_out[ep] = pbuf;
     key->ep_out_size[ep] = size;
@@ -92,6 +96,7 @@ int canokey_emu_prepare_receive(
 int canokey_emu_transmit(
         void *base, uint8_t ep, const uint8_t *pbuf, uint16_t size)
 {
+    trace_canokey_emu_transmit(ep, size);
     CanoKeyState *key = base;
     uint8_t ep_in = CANOKEY_EP_IN(ep); /* INTR IN has ep 129 */
     memcpy(key->ep_in[ep_in] + key->ep_in_size[ep_in],
@@ -125,6 +130,7 @@ uint32_t canokey_emu_get_rx_data_size(void *base, uint8_t ep)
  */
 static void canokey_handle_reset(USBDevice *dev)
 {
+    trace_canokey_handle_reset();
     CanoKeyState *key = CANOKEY(dev);
     for (int i = 0; i != CANOKEY_EP_NUM; ++i) {
         key->ep_in_state[i] = CANOKEY_EP_IN_WAIT;
@@ -137,6 +143,7 @@ static void canokey_handle_reset(USBDevice *dev)
 static void canokey_handle_control(USBDevice *dev, USBPacket *p,
                int request, int value, int index, int length, uint8_t *data)
 {
+    trace_canokey_handle_control_setup(request, value, index, length);
     CanoKeyState *key = CANOKEY(dev);
 
     canokey_emu_setup(request, value, index, length);
@@ -144,6 +151,7 @@ static void canokey_handle_control(USBDevice *dev, USBPacket *p,
     uint32_t dir_in = request & DeviceRequest;
     if (!dir_in) {
         /* OUT */
+        trace_canokey_handle_control_out();
         if (key->ep_out[0] != NULL) {
             memcpy(key->ep_out[0], data, length);
         }
@@ -163,6 +171,7 @@ static void canokey_handle_control(USBDevice *dev, USBPacket *p,
     case CANOKEY_EP_IN_READY:
         memcpy(data, key->ep_in[0], key->ep_in_size[0]);
         p->actual_length = key->ep_in_size[0];
+        trace_canokey_handle_control_in(p->actual_length);
         /* reset state */
         key->ep_in_state[0] = CANOKEY_EP_IN_WAIT;
         key->ep_in_size[0] = 0;
@@ -182,6 +191,7 @@ static void canokey_handle_data(USBDevice *dev, USBPacket *p)
     uint32_t out_len;
     switch (p->pid) {
     case USB_TOKEN_OUT:
+        trace_canokey_handle_data_out(ep_out, p->iov.size);
         usb_packet_copy(p, key->ep_out_buffer[ep_out], p->iov.size);
         out_pos = 0;
         while (out_pos != p->iov.size) {
@@ -226,6 +236,7 @@ static void canokey_handle_data(USBDevice *dev, USBPacket *p)
                 key->ep_in_size[ep_in] = 0;
                 key->ep_in_pos[ep_in] = 0;
             }
+            trace_canokey_handle_data_in(ep_in, in_len);
             break;
         }
         break;
@@ -237,6 +248,7 @@ static void canokey_handle_data(USBDevice *dev, USBPacket *p)
 
 static void canokey_realize(USBDevice *base, Error **errp)
 {
+    trace_canokey_realize();
     CanoKeyState *key = CANOKEY(base);
 
     if (key->file == NULL) {
@@ -260,6 +272,7 @@ static void canokey_realize(USBDevice *base, Error **errp)
 
 static void canokey_unrealize(USBDevice *base)
 {
+    trace_canokey_unrealize();
 }
 
 static Property canokey_properties[] = {
diff --git a/hw/usb/trace-events b/hw/usb/trace-events
index 9773cb5330..914ca71668 100644
--- a/hw/usb/trace-events
+++ b/hw/usb/trace-events
@@ -345,3 +345,19 @@ usb_serial_set_baud(int bus, int addr, int baud) "dev %d:%u baud rate %d"
 usb_serial_set_data(int bus, int addr, int parity, int data, int stop) "dev %d:%u parity %c, data bits %d, stop bits %d"
 usb_serial_set_flow_control(int bus, int addr, int index) "dev %d:%u flow control %d"
 usb_serial_set_xonxoff(int bus, int addr, uint8_t xon, uint8_t xoff) "dev %d:%u xon 0x%x xoff 0x%x"
+
+# canokey.c
+canokey_emu_stall_ep(uint8_t ep) "ep %d"
+canokey_emu_set_address(uint8_t addr) "addr %d"
+canokey_emu_prepare_receive(uint8_t ep, uint16_t size) "ep %d size %d"
+canokey_emu_transmit(uint8_t ep, uint16_t size) "ep %d size %d"
+canokey_thread_start(void)
+canokey_thread_stop(void)
+canokey_handle_reset(void)
+canokey_handle_control_setup(int request, int value, int index, int length) "request 0x%04X value 0x%04X index 0x%04X length 0x%04X"
+canokey_handle_control_out(void)
+canokey_handle_control_in(int actual_len) "len %d"
+canokey_handle_data_out(uint8_t ep_out, uint32_t out_len) "ep %d len %d"
+canokey_handle_data_in(uint8_t ep_in, uint32_t in_len) "ep %d len %d"
+canokey_realize(void)
+canokey_unrealize(void)