Do the limits apply to me?
As required by Canadian regulations, we must establish appropriate purchase limits on crypto assets.
How are the limits calculated?
The limits are defined as "net investment limits", meaning it tallies up all of your crypto purchases minus your sells (at average cost), over a rolling 12 month period (last 365 days).
Please refer to the table below for the applicable limits.
How are my limits determined?
We are required to ask you a few questions regarding your financial profile to determine whether you qualify as a Basic, Retail, Eligible or Accredited investor. Depending on your responses, appropriate limits will apply. Please reference the table below.
What are the Investment Limits?
The following limits apply, depending on an assessment of your financial profile:
| Coin | Basic Investor | Retail Investor | Eligible Investor | Accredited Investor |
| Bitcoin (BTC) | $5,000 in net purchases in the last 12 months* |
No limits | No Limits | No Limits |
| Ethereum (ETH) | ||||
| Litecoin (LTC) | ||||
| Bitcoin Cash (BCH) | ||||
| USD Coin (USDC) | ||||
| Solana (SOL) | ||||
| All other coins combined (Non-specified crypto assets) |
$30,000 CAD in net purchases in the last 12 months*. | $100,000 CAD in net purchases in the last 12 months*. |
*Net purchase means your total purchases (at purchase price) minus your total sells (at average cost).
Examples
If you are a Retail Investor, and your Investment Limit is $30,000 CAD, and you purchased 10,000 Chainlink (LINK) at an average cost of $2 within the last 365 days, and you sold 5,000 LINK at the average cost of $1, your remaining limit will be $30,000 - $20,000 + $5,000 = $15,000.
Sells would only be deducted against your purchases up to your maximum investment limit.
If you are a Retail Investor, and your Investment Limit is $30,000 CAD, and you purchased 10,000 Chainlink (LINK) at an average cost of $1 within the last 365 days, and you sold 50,000 LINK at the same average cost of $1, your remaining limit will still be $30,000.