About this Statement
Coinsquare Capital Markets Ltd. (“Bitbuy”) is offering crypto contracts to purchase and sell Chainlink (LINK) in reliance on a prospectus exemption granted by the Canadian Securities Administrators (CSA) in the amended and restated exemptive relief decision dated October 11, 2024. 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.
About Chainlink
Founded in 2017 by Sergey Nazarov, Chainlink is an industry-leading decentralized oracle network and foundational cross-chain infrastructure that enables universally connected smart contracts. Through its expansive network, Chainlink facilitates the secure transfer of tamper-proof data from off-chain sources to on-chain applications, securing over $20 trillion in total value enabled across more than 15 blockchain networks. Its native token, LINK, is used to compensate node operators for their services and acts as the economic incentive that maintains the network’s decentralized operations. LINK tokens utilize the ERC677 standard, which is backward compatible with ERC20, allowing them to be stored in any compatible wallet.
Risks
As with all assets, investing in Chainlink 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 Chainlink 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 Chainlink.
Concentration of LINK Supply
As of early 2026, the circulating supply of LINK has increased significantly, with approximately 69.7% (696.85 million tokens) of the total 1 billion supply now in circulation. Consequently, the portion held by the parent organization, Chainlink Labs (formerly SmartContract.com), and reserved for ecosystem development has decreased to roughly 30%. A substantial portion of these non-circulating tokens remains allocated for node operator incentives and ecosystem rewards to maintain network security and participation. While the concentration of supply has diminished, significant holdings by a single entity still present a risk where large-scale liquidations could impact LINK’s market price and overall market capitalization.
Chainlink Network reliance on Ethereum
While Chainlink was initially built on Ethereum and continues to secure over 83% of the oracle-supported value on that network, it has evolved into a multi-chain infrastructure. The network now supports over 70 blockchain ecosystems, including major Layer 1s like Solana and various Layer 2 solutions. The launch and expansion of the Cross-Chain Interoperability Protocol (CCIP) further reduces reliance on any single network by enabling secure data and token transfers across 50+ blockchains. However, because a significant portion of the network's total value secured and daily operations still occur on Ethereum, fundamental issues within the Ethereum ecosystem could still materially impact the utility and market value of LINK.
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: March 24, 2026
