About this Statement
Coinsquare Capital Markets Ltd. (“Bitbuy”) is offering crypto contracts to purchase and sell DogWifHat (WIF) 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 WIF
WIF is a memecoin that was originally released in November 2023. It is managed by an anonymous group of developers often referred to as the Dogwifcoin organization. As of early 2026, the Dogwifcoin official website continues to emphasize the token's simplicity, famously stating it is “literally just a dog wif a hat”. While primarily a community-driven asset with no inherent utility, WIF has maintained its position as a top-ten memecoin by market capitalization into 2026, following the legacy of dog-themed predecessors like Dogecoin and Shiba Inu. The token's total supply is fully unlocked, with approximately 998.9 million WIF tokens in circulation.
Risks
As with all assets, investing in WIF is not without some general risks. All of the risks of tranding and staking crypto that are identified and explained in our Risk Statement apply to WIF.
In addition to the general risks, we outline some risks that are specific to WIF 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 WIF.
WIF reliance on the Solana Network
As WIF is an SPL token on the Solana network, it is highly dependent on the continued stability of that network. Any fundamental issues in the Solana network may impact WIF’s smart contract or token value. Investors should consider this dependency, and the Solana network’s history with respect to stability, when evaluating WIF.
WIF and the Nature of Memecoins
WIF is one of many digital assets that could be classified as a memecoin. Memecoins follow internet trends and are susceptible to volatility influenced by social media activity, online jokes, and adoption or comments by celebrities or public figures. However, as with typical internet memes, trends may be fleeting, and any steep price increases could level off very quickly as meme-followers lose interest.
Bitbuy’s Due Diligence for Digital Assets
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.
References:
Other Useful Links:
DogwifhatTwitter: https://x.com/dogwifcoin
Last updated: March 24, 2026
