This Risk Disclosure Statement (the "Statement") is provided to inform users about the potential risks associated with using the services offered, which include, but are not limited to, activities related to trading, investing, depositing, and withdrawing funds. By accessing or using the platform, you acknowledge that you fully understand and accept the risks outlined in this Statement. If you do not agree with this Statement, you must cease using the platform immediately.

1. General risk warning

Trading and investing in financial instruments, including cryptocurrencies, tokens, and other digital assets, involves significant risks. The value of such assets can fluctuate greatly, and there is a substantial risk that you may lose all or part of your investment. You should not engage in any trading or investment activities unless you fully understand the nature of the products and the extent of your exposure to risk.

1.1 No guarantees

There are no guarantees regarding the future performance, returns, or profitability of any asset, investment, or trade. Past performance is not indicative of future results, and there is no certainty that investments will perform similarly in the future.

1.2 Risk of total loss

There is a significant risk that you could lose all or a substantial portion of your funds. You should only invest money that you can afford to lose without affecting your personal or financial well-being.

2. Market risks

2.1 Volatility risk

The market for digital assets and financial instruments is highly volatile. The value of cryptocurrencies and other digital assets can fluctuate dramatically within short periods, leading to significant losses. Price movements may be influenced by various factors, including:

• Global or regional economic events
• Changes in government policies or regulations
• Market sentiment and speculation
• Technological developments or failures
• Legal actions or disputes involving the digital asset space

2.2 Liquidity risk

Some digital assets may have limited liquidity, meaning that it may not be possible to buy or sell them promptly at a favorable price. This could result in:

• Inability to exit a position at the desired time
• Forced liquidation at unfavorable prices, leading to losses
• Suspension of trading on certain assets due to lack of demand

2.3 Market manipulation

Cryptocurrency and digital asset markets are susceptible to manipulation, including activities such as:

• "Pump and dump" schemes
• Price manipulation by coordinated groups of traders
• Flash crashes due to technical issues or market disruptions

Such events can cause sudden and unexpected changes in the value of your investments.

3. Trading risks

3.1 Leverage and margin trading

Engaging in leveraged or margin trading increases your exposure to risk, as it allows you to open larger positions with borrowed funds. However, this also means that small market movements can lead to substantial gains or losses. Risks associated with margin trading include:

• Amplified losses that may exceed your initial investment
• Liquidation of your positions if market prices move against you
• Additional obligations to cover margin calls, which may require you to deposit additional funds at short notice

3.2 Slippage

Slippage occurs when there is a difference between the expected price of a trade and the actual price at which the trade is executed. Slippage can happen due to:

• Market volatility
• Insufficient liquidity

This can lead to executing trades at less favorable prices than anticipated, increasing your exposure to risk.

3.3 Execution risk

Delays, system failures, or other technical issues may prevent your orders from being executed at the intended price. The platform is not responsible for losses arising from delays or technical failures.

4. Legal and regulatory risks

4.1 Regulatory uncertainty

Digital assets and cryptocurrencies are subject to varying degrees of regulation worldwide. Changes in government policies, legal frameworks, or regulatory environments may negatively impact the value of your assets or restrict your ability to trade or access funds.

4.2 Compliance with local laws

It is your responsibility to ensure that your activities comply with all applicable laws and regulations in your jurisdiction. Certain countries may prohibit or restrict the use, trade, or ownership of digital assets, and failure to comply with local regulations could result in legal consequences.

4.3 Reporting obligations

You are responsible for reporting any taxable income or transactions to the appropriate tax authorities in your jurisdiction. The platform does not provide tax advice, and you should seek independent advice from a tax professional to understand your reporting obligations.

5. Operational risks

5.1 System failures

The platform relies on technology and systems to operate efficiently. However, these systems may be subject to interruptions, failures, or downtime, resulting in the following risks:

• Inability to execute trades or access funds
• Loss of data or transaction records
• Delayed processing of deposits or withdrawals

While we strive to minimize such risks, we cannot guarantee uninterrupted operation.

5.2 Cybersecurity risks

The platform may be a target of hacking attempts, cyber-attacks, or security breaches, which could lead to the loss, theft, or compromise of user data, funds, or assets. Risks include:

• Unauthorized access to user accounts
• Theft of funds or assets
• Exposure of personal or financial information

While we implement industry-standard security measures to protect your information, no system is entirely secure, and we cannot guarantee that such incidents will not occur.

5.3 Third-party services

We may rely on third-party service providers for certain functions (e.g., payment processors, identity verification). These third parties may experience failures, delays, or breaches that could affect the services provided. We are not responsible for the actions or failures of third parties.

6. Risks associated with cryptocurrency

6.1 Blockchain technology risks

Digital assets rely on blockchain technology, which is inherently experimental and subject to various risks, including:

• Network congestion, which may delay or prevent transactions
• Blockchain forks, which may create duplicate assets or alter the structure of existing networks
• Changes in mining or consensus mechanisms that may affect the security or value of assets

6.2 Risks of cryptocurrency wallets

If you hold cryptocurrencies in an external wallet, you are responsible for securing the private keys associated with that wallet. The loss, theft, or compromise of private keys may result in the permanent loss of your cryptocurrency, and we cannot assist you in recovering lost keys or assets.

6.3 Irreversible transactions

Cryptocurrency transactions are typically irreversible. Once a transaction has been initiated, it cannot be undone. You must verify all transaction details carefully before proceeding, as mistakes can result in the permanent loss of funds.

7. Force majeure risks

Events beyond our control (e.g., natural disasters, war, government actions, market disruptions) may significantly affect your ability to use the platform or access your funds. In the event of a force majeure, we may be unable to provide services, process transactions, or maintain operations, and we are not liable for any resulting losses.

8. Platform-specific risks

8.1 Platform modifications

We reserve the right to modify or discontinue any aspect of the platform at our sole discretion and without prior notice. This may include changes to features, functionality, fees, or supported assets. Such changes may affect your use of the platform or the value of your assets.

8.2 Account suspension or termination

We reserve the right to suspend or terminate user accounts in accordance with our terms and policies. If your account is suspended or terminated, you may lose access to your funds, and we are not liable for any resulting losses.

8.3 Data loss

We take reasonable measures to protect user data, but there is a risk of data loss due to system failures, technical issues, or external threats. In such cases, records of transactions or balances may be lost or corrupted.

9. User responsibility

9.1 Independent decision-making

You are solely responsible for evaluating and understanding the risks associated with using the platform and making independent decisions regarding trading, investing, or holding assets. You should not rely on the platform for financial, legal, or tax advice.

9.2 Risk tolerance

You must assess your own risk tolerance and financial situation before engaging in activities on the platform. If you are unsure about the risks involved, you should seek advice from an independent financial advisor.

10. No liability for losses

To the fullest extent permitted by law, the platform, its affiliates, officers, directors, employees, and agents shall not be liable for any losses, damages, or expenses incurred as a result of using the platform, including, but not limited to:

• Loss of funds or assets
• Lost profits or revenues
• Indirect, consequential, or incidental damages

Acknowledgment

By using the platform, you acknowledge that you have read, understood, and accepted the risks outlined in this Risk Disclosure Statement. You agree that you are fully responsible for all risks associated with your use of the platform and that you will not hold the platform liable for any losses or damages incurred.