About this Statement
Coinsquare Capital Markets Inc. (“Coinsquare”) is offering crypto contracts to purchase and sell ZCash 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 ZCash
ZCash is a privacy-focused Layer 1 cryptocurrency with a fixed supply of 21 million units. It uses zero-knowledge proofs to verify transaction integrity without disseminating wallet and transaction history. It was founded in 2016 by Zooko Wilcox-O'Hearn. The original code base was partly based on Bitcoin, with changes primarily to enable more transaction privacy.
Risks
As with all assets, investing in ZEC 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 ZEC 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 ZEC.
Unknown History of Custodied Funds
Due to the private nature of all transactions on ZCash, assets held in custody have unknown provenance further back that the original transaction between CCML and its Liquidity Providers. CCML conducts due diligence on all Liquidity Provider partners before trading with them .
Regulatory Risk of Privacy-Focused Projects
The privacy-first design of ZCash puts it in a category commonly referred to as “privacy coins”. There is a risk that in the future a domestic or international regulator may target ZCash founders, investors, holders, miners or other associated entities. This may negatively impact the future value of ZCash, or the ability to sell any ZCash in the future, including ZCash bought from CCML and/or held in custody by CCML.
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.
References:
Zcash: Privacy-protecting digital currency. November 24th 2025. https://z.cash/
Last updated: November 24, 2025
