Coinsquare Capital Markets Inc. (“Bitbuy”) is offering crypto contracts to purchase and sell Bitcoin in reliance on a prospectus exemption granted by the Canadian Securities Administrators (CSA) in the exemptive relief decision dated October 12, 2022. The statutory rights of action for damages and the right of rescission in section 130.1 of the Securities Act (Ontario) and similar legislation in the other CSA jurisdictions do not apply in respect of a misrepresentation in this statement to the extent that a crypto contract is distributed under the above-noted prospectus relief.
No securities regulatory authority in Canada or any other jurisdiction has expressed an opinion about any of the crypto assets (or crypto contracts) that are available through Bitbuy’s platform, including an opinion that the crypto assets are not themselves securities and/or derivatives.
Bitbuy has compiled the information contained in this Crypto Asset Statement to the best of its ability based on publicly available information.
Satoshi Nakamoto authored the Bitcoin white paper in October 2008 and launched the network on January 3, 2009. He based the concept on the blockchain, which is a distributed digital record that securely stores transaction data across a decentralized network. As the world’s first and most popular cryptocurrency, Bitcoin is practically the face of the industry. It's also the most valued cryptocurrency. Bitcoin is governed by the collective authority of its users. Peer-to-peer transactions are made using a decentralised infrastructure, and value is stored without the involvement of any government, enterprise, or financial institution. Besides being controlled by a network of decentralised computers and providing an alternative to centrally controlled fiat money, Bitcoin also allows you to efficiently transfer funds over the internet.
As with all assets, investing in Bitcoin is not without some general risks. Many of these risks are identified and explained in our Risk Statement. In addition to the general risks, we outline some risks that are specific to Bitcoin below. While we make an effort to identify every source of risk, we encourage you to do your own research and ensure you are comfortable investing in Bitcoin.
As of late 2025, Bitcoin ownership remains highly concentrated, with approximately 74% of the circulating supply held by long-term investors. Blockchain analysis from August 2025 indicates that just 83 wallets hold approximately 11.2% of the total supply, while four wallets own over 100,000 BTC each. Furthermore, institutional adoption has accelerated, with corporate holdings and spot ETFs now accounting for over 1.1 million BTC, representing roughly 5.5% of the total supply.
The Bitcoin protocol is structured such that approximately every 210,000 blocks—roughly every four years—the block reward paid to miners is reduced by half. Following the fourth halving event in April 2024, the block reward was reduced to 3.125 BTC. Theoretically, this mechanism means that as mining rewards provide less direct incentive over time, miners will increasingly rely on transaction verification fees to maintain network security. Current projections estimate that the last bitcoin will be mined in 2140, after which the incentive for mining will consist solely of fees. The potential impact of rising transaction fees remains a risk that investors should consider.
To be made available for trading on Bitbuy’s platform, a digital asset must pass the following due diligence reviews:
Bitbuy undertakes these three levels of due diligence in order to determine whether the digital asset is compliant with our legal and regulatory obligations, is secure, and has historical data supporting a beneficial business case. Bitbuy’s New Product Committee must provide final approval for a new digital asset to be made available on the platform.
Last updated: January 28, 2026
