There are risks in value management, and transactions need to be cautious
A. Participants must be 18 years of age or older with full civil capacity.
B. Due to the high-risk nature of this transaction, if the participant loses all of his or her account balance, it will still not change his or her normal way of life.
C. Participants who are able to fully guarantee, agree and understand all the risks involved in this transaction and are able to bear all the risks in other aspects of their financial and life.
Relevant risk tips.
Risk of price fluctuations.
Since digital currencies are special commodities, their prices are affected by a variety of factors, such as the international economic situation, the U.S. dollar exchange rate, related market trends, political situations, crude oil prices, etc. The mechanisms by which these factors affect the price of digital currencies are very complex and difficult for participants to fully grasp in market operations, and the channels of information collection are not clear and there are asymmetries, thus the possibility of poor value management decisions is high. Participants may suffer losses if they are unable to effectively control risks in the event of value management decision errors.
1. Transaction risks.
(1), Participants need to understand that digital currency trading is a kind of value management with low margin and high leverage ratio, and its high risk nature determines that such trading may lead to rapid profits and losses.
(2), digital currency quotes by the trading platform based on market prices, a combination of international digital currency market prices and exchange rates of various currencies, continuous reporting of the current digital currency bid and ask prices, its prices may be slightly different from other ways of quotes, the trading platform does not guarantee that its trading prices and other markets to maintain full consistency.
(3) The market price submitted by the participants through the online terminal within the trading system of the trading platform is irrevocable once the transaction is completed, and the participants must accept the risks that may be brought by this method.
This business is realized through electronic communication technology and Internet blockchain decentralization technology. The relevant services and software and hardware services are provided by different suppliers, which may have quality and stability risks; the trading platform and cannot control the strength of the telecommunication signal, nor can it guarantee the stability of the equipment configuration or connection of the trading client and the real-time nature of the Internet transmission and reception. Therefore, certain service interruptions or delays caused by the above-mentioned communication or network failures may have an impact on the Participant's value management. In addition, the Participant's computer system may be attacked by viruses or network hackers, which may prevent the correct or timely execution of the Participant's decisions. There is also a certain risk for the emergence of the above-mentioned uncertainties, which may have an impact on the value management of the Participant, and the Participant should fully understand and bear the full loss caused by them.
Due to changes in laws, regulations and policies of various countries, the introduction of emergency measures, the implementation of regulatory measures of relevant supervisory departments, and the modification of trading rules of the exchange, etc., all may have an impact on the participants, and the participants must bear the resulting losses.
4. Risk of force majeure
Any force majeure events that are beyond the control of the Exchange, including earthquakes, floods, fires, riots, strikes, wars, government regulations, international bans or restrictions, and other unpredictable and unpreventable force majeure events such as power outages, technical failures, electronic failures, etc., may have an impact on the Participant's trading.
I have carefully read this Risk Disclosure Statement and fully understand and agree to the above risk description and voluntarily assume the risk of trading and all losses that may arise in the course of trading.
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