About this Statement
Coinsquare Capital Markets Inc. (“Coinsquare”) is offering crypto contracts to purchase and sell Pump.fun token (PUMP) 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’s platform, including an opinion that the crypto assets are not themselves securities and/or derivatives.
Coinsquare has compiled the information contained in this Crypto Asset Statement to the best of its ability based on publicly available information. Coinsquare is providing this Crypto Asset Statement on an “as is” basis and makes no representation or warranty as to accuracy or completeness of the contents.
About PUMP
PUMP is a token issued on the Solana blockchain using the standard SPL contract. It is a token that has no inbuilt utility or economic features other than being ownable and transferable.
Risks
As with all assets, investing in PUMP 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 PUMP 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 PUMP.
PUMP Tokenomics
Significant portions of the total PUMP supply have been allocated to designated groups: 20% to the team, 13% to early investors, and 24% to community and ecosystem initiatives. Some of these allocations began vesting immediately, while others are subject to deferred unlocking schedules, with key cliffs anticipated in July 2026.
As of July 2025, approximately 43% of the total token supply initially subject to vesting has already vested, including allocations for public sale, liquidity provisioning, and platform operations.
Reliance on Solana Network
As PUMP 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 PUMP’s smart contract or token value. Investors should consider this dependency, and the Solana network’s history with respect to stability, when evaluating PUMP.
PUMP’s Relationship to the Pump.fun Platform
PUMP is the official native token of the Pump.fun platform, but it does not explicitly derive value from any single token launched on the site. While its branding and utility are tied to the broader Pump.fun ecosystem, PUMP does not grant holders governance rights, access to platform features, or direct claims on revenue.
Coinsquare’s Due Diligence for Digital Assets
To be made available for trading on Coinsquare’s platform, a digital asset must pass the following due diligence reviews:
Coinsquare 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. Coinsquare’s New Product Committee must provide final approval for a new digital asset to be made available on the platform.
Other Useful Links:
Pump.fun website: token.pump.fun
Last updated: July 15, 2025
