CoinFLEX offers you the ability to trade Digital Assets and derivatives of such Digital Assets. Trading our products carries a high degree of risk. This warning provides you with information about key factors and risks you should take into account before trading with us. It is not a complete list of all the risks and does not explain how these apply to your individual circumstances. You should ensure you understand these risks before trading with us. If anything is unclear, please contact us. If you open an account with us, you must keep these risk factors in mind at all times and ensure you have sufficient financial resources to bear such risk when you trade with us. You should always monitor your positions carefully.
Understanding Digital Assets requires advanced technical knowledge. Digital Assets are often described in exceedingly technical language that requires a comprehensive understanding of applied cryptography and computer code in order to appreciate the inherent risks. The listing of a Digital Asset on CoinFLEX does not indicate CoinFLEX’s approval or disapproval of the underlying technology of any Digital Asset and should not be used as a substitute for your own understanding of the risks specific to each Digital Asset. You understand that some of our products are listed on a “permissionless” basis. We do not warrant the appropriateness, quality or viability of any of the digital assets, or derivatives thereof, that are listed on CoinFLEX. We provide no warranty as to the suitability of the Digital Assets traded on CoinFLEX and assume no fiduciary duty to you in connection with such use on our platform.
Trading of complex products, including but not limited to perpetual futures contracts, futures contracts, permissionless perpetual futures contracts, repo, spreads (collectively, “Complex Products”), may not be suitable for all Users. Complex Product trading is designed to be utilised only by sophisticated users, such as active traders employing dynamic strategies. You should use extreme caution when trading Complex Products and only trade them if you understand how they work, including but not limited to the risks associated with margin trading, the use of leverage, the risk of shorting, and the effect of compounding and market volatility risks on leveraged products.
Complex Product trading entails significant risk, and you may feel the effects of losses immediately. Complex Product trading requires initial posting of collateral to meet initial margin requirements. If movements in the markets for a Complex Product or the underlying Digital Asset decrease the value of your position in such Complex Product, you may be required to have or make additional collateral available as margin to ensure that maintenance margin requirements are met. If your account is under the minimum margin requirements, your position may be liquidated at a loss, and you may lose all of your assets in your account.
USERS WHO DO NOT UNDERSTAND LEVERAGE OR MARGIN TRADING, OR DO NOT INTEND TO ACTIVELY MANAGE THEIR PORTFOLIO, SHOULD NOT ENGAGE IN COMPLEX PRODUCT TRADING.
COINFLEX AND ITS AFFILIATES DO NOT TAKE ANY RESPONSIBILITY WHATSOEVER FOR ANY LOSSES OR DAMAGE INCURRED AS A RESULT OF YOUR USE OF ANY COMPLEX PRODUCT TRADING SERVICES OFFERED ON THE PLATFORM OR YOUR FAILURE TO UNDERSTAND THE RISKS ASSOCIATED WITH COMPLEX PRODUCT TRADING.
对于每笔交易，我们都要求您在您的帐户中存入和储存一笔称为“保证金”的款项。保证金是与交易的全部价值相对应的保证金。这就是产生上述杠杆作用的原因。例如，我方可能要求你方按你方希望进行的交易的全部价值的10%存入保证金。如果你的任何未平仓合约平仓，保证金不足可能导致你欠我们钱。保证金保护我们，以防您在交易结束时无法支付您欠我们的任何款项。我们设定了所需的保证金金额，并且可以出于任何原因对其进行更改。 你必须在你的帐户中保留最低金额，才能保持一个未平仓仓位。这就是所谓的“维护保证金”。您必须始终在您的帐户中存入足够的保证金，以满足维护保证金阈值。 如果市场对你不利，你可能需要在短时间内支付大量额外资金，以维持您的头寸。如果您未能维持此维护保证金水平，我们的自动清算算法可能会将您的未平仓合约减少至符合保证金标准和/或在未事先通知的情况下关闭您的未平仓合约。 您将对因此而遭受的任何损失负责。
We do not provide any tax, legal, or regulatory advice. If you require assistance with a tax, legal, or regulatory matter regarding our products, you should seek independent professional advice.
You accept the risk of trading Digital Assets. In entering into any transaction on CoinFLEX, you represent that you have been, are, and will be solely responsible for making your own independent appraisal and investigations into the risks of such transaction and the underlying Digital Asset. You represent that you have sufficient knowledge, market sophistication, professional advice and experience to make your own evaluation of the merits and risks of any transaction entered into on CoinFLEX or any underlying Digital Asset.
CoinFLEX is not your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any trades or other decisions or activities effected by you using the services on our platform.
Our products are not appropriate for everyone
We have a straightforward pricing policy for our products, which is on a basis points of Currency value traded and is available via our website. These charges may infrequently be updated so please check our website on a regular basis.
The value of Digital Assets may be derived from the continued willingness of market participants to exchange Digital Assets for fiat currency and other Digital Assets, which may result in the permanent and total loss of value of a particular Digital Asset should the market for that Digital Asset disappear.
Market conditions can change significantly in a very short period of time. Under certain trading conditions, it may be difficult or impossible to exit a position. This may occur, for example, at times of rapid price movement if the price rises or falls in one trading session or if trading is suspended or restricted at any point.If our futures market is abnormally wide, this can create more liquidation events or greater losses on liquidation. As liquidation is a function of order book depth & automatic, an unexpected widening of bids and offers or loss of liquidity on the order book could potentially trigger auto-liquidations even though the underlying market may not have moved significantly.We have a sanity check system in place that references our own spot exchange and other external sources to prevent excessively unreasonable liquidations and fat finger error trades but liquidations can occur inside this price band. This band is currently set at 10% above or below the referenced spot prices, but could vary significantly with market conditions, such as during periods of excessive volatility.
Blacklisted addresses and forfeited assets
CoinFLEX reserves the right to “blacklist” certain addresses and freeze associated assets (temporarily or permanently) that it determines, in its sole discretion, are associated with illegal activity or activity that otherwise violates the Terms and Conditions (“Blacklisted Addresses”). In the event that you send assets to a Blacklisted Address or receive assets from a Blacklisted Address, CoinFLEX may freeze such Assets and take steps to terminate your account.
In certain circumstances, CoinFLEX may deem it necessary to report such suspected illegal activity to applicable law enforcement agencies and other regulatory authorities, and you may forfeit any rights associated with your assets, including the ability to redeem or exchange your Digital Assets for other Digital Assets or fiat currency. CoinFLEX may also freeze assets held in your account in the event that we receive a related order or request from a legal or regulatory authority.