Coinsquare Capital Markets Ltd. (“Bitbuy”) is offering crypto contracts to purchase and sell Hyperliquid (HYPE) 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 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.

HYPE is a governance and staking token for the Hyperliquid ecosystem. Hyperliquid operates a DEX across a two-chain ecosystem, across which HYPE is transportable. The Hyperliquid token offered at Coinsquare is backed by custody of the HyperEVM chain asset. Hyperliquid currently offers dex fee discounts to HYPE holders in proportion to their holdings.

As with all assets, investing in HYPE 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 HYPE 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 HYPE.

Hyperliquid’s DEX is a derivatives trading platform that offers up to 40x long or short leverage on the contracts traded there. As a result, the platform itself is subject to solvency risk due to collateral shortfalls, as happened in March 2025 where a trader with a very large short position in JELLY caused the DEX to incur a large loss. Any failure of the Hyperliquid DEX may negatively impact the value of HYPE.