Notice to Investors:
BtcTurk trading platform (hereinafter referred to as "the Platform") provides innovative options trading of digital financial derivatives (hereinafter referred to as "innovative options trading") services with certain risks, so the user opens and uses the innovative options trading Therefore, you must read and agree to this Agreement carefully to open and use the Innovative Options Trading service, and your use will be deemed to be your full understanding and agreement to this Agreement and the risks of Innovative Options Trading.
Preamble:
This Agreement is intended to inform investors of the risks of investing in innovative options trading on digital assets and to help investors assess and determine their own capabilities. In light of the investment risks involved, investors should read this Agreement carefully before trading and must ensure that they understand the nature and rules governing innovative options trading and make their own decisions about participating in innovative options trading based on their investment experience, objectives, financial situation, and ability to assume risk. Investors should seek financial, legal and other independent professional advice before applying to enter into an innovative options transaction. Innovative Options Design Concept Innovative options trading is a new type of financial derivatives for hedging digital asset risks, which has the characteristics of simplicity, flexibility and extreme operability, providing a new type of digital asset risk hedging product for investors. Investors can use innovative options trading to execute specific directional transactions with limited and controlled risk exposure; on the premise of clear expected returns, innovative options trading has the characteristics of both trading diversity and multiple potential returns; with each purchase of innovative options, investors also have a clear idea of the amount of potential returns.
1、Risk of price fluctuation As a special digital asset financial derivative with investment value, the price of innovative option trading is affected by various factors, and the price fluctuates drastically, so it is difficult for investors to fully grasp in actual operation, thus there is a possibility of investment mistakes, and if the risk is not effectively controlled, investors may suffer large losses and must bear all the losses caused by it alone The investor must bear all the resulting losses.
2、Trading risk
Investors must accept the risks that may be brought about in this way.
The platform will not make a profit guarantee for investors, and will not share the profit or share any risk with investors.
3、Policy Regulation Risk
Investors should be aware of the regulatory policies of their trading regions before trading and make prudent judgments based on these policies.
4、Other Possible Risks
The relevant trading rules of innovative options trading, including but not limited to index composition and weighting adjustment, expiration time, product rules, etc. may be modified according to the actual operation of the business, and if the platform needs to modify the relevant trading rules due to special circumstances, it is deemed to fulfill the obligation to inform after the announcement of adjustment, and the user should check and adjust the trading strategy in a timely manner. The user is responsible for any gains or losses arising or likely to arise as a result.
There are also risks associated with the use of Internet-based trading systems, including but not limited to the failure of software, hardware and Internet links. The Platform has no control over the reliability and availability of the Internet, and therefore the Platform will not be liable for network distortion, delays or link failures.
Special Notes:
(1) Innovative option trading is a highly risky financial derivative of digital assets, investors must thoroughly understand the basic knowledge of financial derivative trading and related risks as well as all relevant business rules of participating in innovative option trading before participating, carefully and carefully read and agree to the "BtcTurk Service Regulations Content", and have known and fully and independently assumed all trading risks arising from strong fluctuations in digital asset prices. (2) The above-mentioned risks are only listed.
(2) The above risks are only enumerated and not exhaustive and investors should carefully understand and grasp other possible risk factors before investing in digital asset derivatives trading. If, based on reasonable business judgment, the Platform believes that you have violated this Agreement, or you are not allowed to use the services provided by the Platform under the laws of your country or region, or you use the services provided by the Platform to engage in illegal and criminal activities, the Platform has the right to temporarily or permanently freeze your account at any time, or suspend or terminate your use of all or part of the digital asset trading services provided by the Platform.
(3) The prerequisite for the marker price to be effective is that the effective weight exchange is ≥3, otherwise, it may result in the option transaction not being completed for delivery, and you understand and agree that the option transaction affected by the above situation will be deemed invalid and the digital assets used to purchase the above option will be returned to the user's trading account without compensation. The platform will modify the index composition and weights from time to time according to the real-time transaction data of the five major exchanges to ensure the validity and fairness of the data, and publicize it by issuing adjustment announcements.
(4) Any opinions, news, discussions, analyses, prices, recommendations and chat room content, information, and KOL articles on this platform are general market commentary and do not constitute investment advice. The Platform shall not be liable for any direct or indirect losses incurred by any user as a result of reliance on such information and information, including but not limited to any loss of profits.
(5) It is prohibited to use the platform for malicious market manipulation, improper trading and all other unethical or law-breaking trading activities. If such events are found, the platform will take preventive protection measures such as warning, restricting trading, shutting down accounts, etc. for all users who maliciously manipulate prices, maliciously influence the trading system and other unethical or law-breaking activities, and will not bear all responsibilities arising from them, and reserves the right to We reserve the right to hold the relevant parties accountable.
Monitoring of transactions
The platform will set and adjust the maximum limit of daily transactions and withdrawals according to the security and actual transactions; if transactions are frequently concentrated in a registered user, or if a certain transaction or certain transactions are unreasonable, the professional team of the platform will evaluate and determine whether they are suspicious transactions; if the platform determines that a certain transaction or certain transactions are suspicious transactions based on its own judgment, the platform may take restrictive measures such as suspending such transactions, rejecting such transactions, or even revoking such transactions that have taken place, while reporting to the competent authorities and without further notice; the Platform reserves the right to reject registration applications from investors who do not meet the international BtcTurk standard jurisdictions or who may be considered as politically exposed persons. At the same time, the Platform reserves the right to suspend or terminate any suspicious transactions at any time based on its own reasonable business judgment, and does not assume any responsibility or liability as a result.