Crypto asset statement: Bitcoin cash

About this Statement

Coinsquare Capital Markets Inc. (“Bitbuy”) is offering crypto contracts to purchase and sell Bitcoin Cash 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 Coinsquare Capital Markets Ltd (CCML)’s platform, including an opinion that the crypto assets are not themselves securities and/or derivatives.

Coinsquare Capital Markets Ltd (CCML) has compiled the information contained in this Crypto Asset Statement to the best of its ability based on publicly available information.

About Bitcoin Cash

Bitcoin Cash (BCH) is a cryptocurrency created in August 2017 from a hard fork of the Bitcoin blockchain. It was developed to address scalability issues by implementing a larger block size, which allows for a greater volume of transactions to be processed within a single block compared to Bitcoin. A primary distinction of this fork was the intention to establish an independent network with a separate roadmap and community, rather than functioning as an upgrade or enhancement to the original Bitcoin protocol. As of January 2026, Bitcoin Cash remains one of the most established forks of the original Bitcoin network, continuing to focus on providing a decentralized peer-to-peer electronic cash system with low transaction fees.

Risks

As with all assets, investing in Bitcoin Cash 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 Cash 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 Cash.

BCH halving

Bitcoin Cash follows a programmed halving schedule that reduces the block reward by 50% approximately every four years, or every 210,000 blocks. The most recent halving occurred in April 2024, which reduced the mining reward from 6.25 BCH to 3.125 BCH per block. While previous halvings led to concerns regarding miner migration, the network has maintained a stable hashrate, which stood at approximately 4.80 exhashes per second (EH/s) as of late 2025. However, because BCH shares the same SHA-256 mining algorithm as Bitcoin (BTC), its security remains influenced by the relative profitability of the two chains. If the price of BCH fails to keep pace with operational costs following future halvings—the next of which is expected in 2028—miners may divert computational power to more profitable chains, potentially increasing the network's vulnerability to 51% attacks or other security threats.

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Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

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Coinsquare Capital Markets Ltd., 371 Front Street W, Suite #304, Toronto, ON M5V 3S8.© 2026 Robinhood. All rights reserved.
Coinsquare Capital Markets Ltd. is a wholly-owned subsidiary of Robinhood Markets, Inc.
Follow us on

All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker dealer (member SIPC), and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). While there is no additional cost to use Robinhood Legend, there are other fees associated with your brokerage account. Review the fee schedule for details.

Portfolio Management offered through Robinhood Asset Management, LLC (“Robinhood Strategies” or “RAM”), an SEC-registered investment advisor. For additional information about Robinhood Strategies, including about services, fees, risks, and conflicts of interest, review our firm’s brochure.

Futures and cleared swaps trading is offered by Robinhood Derivatives, LLC, (“RHD”) a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and a Member of the National Futures Association (NFA). RHD is not FDIC insured or SIPC protected.

Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Review a list of RHC's licenses for more information. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.

The Robinhood spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Robinhood Gold Card is subject to credit approval and underwriting. Robinhood Gold Card is offered by Robinhood Credit, Inc., and is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc. Robinhood Credit, Inc. (“RCT”), is a financial technology company, not a bank.

Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC (“RHG”).

RHF, RHS, RAM, RHD, RHC, RHY, RCT, and RHG are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHS, RAM, RHD, RHC, RHY, RCT, and RHG are not banks. Investing products offered by RHF are not FDIC insured and involve risk, including possible loss of principal.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Funds held in your Robinhood Cash Card account at Sutton Bank are eligible for FDIC insurance up to $250,000 and will not accrue or pay any interest. The availability of FDIC insurance is contingent upon Robinhood maintaining records acceptable to the FDIC, as receiver, if Sutton Bank should fail. FDIC insurance limits apply collectively to all of your deposits held at Sutton Bank.

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

4784959

Coinsquare Capital Markets Ltd., 371 Front Street W, Suite #304, Toronto, ON M5V 3S8.© 2026 Robinhood. All rights reserved.
Coinsquare Capital Markets Ltd. is a wholly-owned subsidiary of Robinhood Markets, Inc.