What is Jupiter Exchange?

Jupiter Exchange is a decentralized exchange (DEX) aggregator built on the Solana blockchain. Its main function is to gather liquidity from multiple decentralized exchanges and automated market makers (AMMs), offering users the best available rates for token swaps. The platform simplifies trading on Solana by routing orders through the most efficient paths, reducing slippage and maximizing liquidity. Jupiter has become a key player in Solana's DeFi ecosystem, aiming to provide a user-friendly, efficient trading experience for both retail and institutional traders.

What is JUP?

The JUP token is a Solana Program Library (SPL) token on the Solana network, and is the native utility and governance token of Jupiter Exchange. It provides various platform benefits, such as trading fee discounts, and allows holders to participate in governance decisions regarding the platform's development and future initiatives. JUP token holders can vote on important platform changes, such as new token listings and updates to fee structures. With a total supply of 10 billion JUP, the token is designed to support long-term value while incentivizing active participation in the Jupiter ecosystem​.

Risk Statement

Before trading any crypto assets it is important to understand the risks. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

No securities regulatory authority or regulator in Canada has evaluated or endorsed the Crypto Contracts or any of the crypto assets made available through the platform.

Wealthsimple has performed an assessment of whether JUP can be supported by Wealthsimple's platform, including whether JUP is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

We evaluated JUP based on publicly available information, including (but not limited to):

• The creation, governance, usage and design of JUP, including the source code, security and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that first created JUP;
• The supply, demand, maturity, utility and liquidity of JUP;
• Material technical risks associated with JUP, including any code defects, security breaches and other threats concerning JUP and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them;
• Legal and regulatory risks associated with JUP, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of JUP; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdiction regarding whether JUP, or generally about whether the type of crypto asset, is a security and/or a derivative.

Wealthsimple monitors ongoing developments related to crypto assets available on its platform for significant changes that may affect Wealthsimple's original assessment of those assets, including Wealthsimple's assessment of the application of securities and derivatives laws. Any significant changes relating to JUP may result in changes to this Crypto Asset Statement and/or Wealthsimple's ability to support JUP.

Like all other crypto assets, there are some general risks to investing in JUP. These include short history risk, volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk, electronic trading risk and cyber security risk. Please review the Wealthsimple Crypto Product Risk Disclosure for additional discussion of general risks associated with the crypto assets made available through the platform.

We emphasize that this Crypto Asset Statement is not exhaustive of all risks associated with trading JUP. Investors should perform their own assessment to determine the appropriate level of risk for their personal circumstances.

Wealthsimple is offering Crypto Contracts in reliance on a prospectus exemption contained in the exemptive relief decision Re Wealthsimple Investments Inc. dated December 18, 2023 (the Decision).

The statutory rights of action for damages and rescission in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under securities legislation of other jurisdictions of Canada, do not apply in respect of this Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.

Last updated: March 24, 2025