Risk Warning

BitonEx Derivatives Trading Service has high leverage and high-risk features. Therefore, users who engage in high-leverage derivatives trading must agree to this agreement. This action also represents the user''s complete understanding and agreement to the risks of digital asset derivative trading on BitonEx's contract platform. The content of this risk disclosure is based on the Chinese version.

**I. Introduction**

This risk disclosure is intended to reveal the risks of high-leverage digital asset derivative trading to participants and help them assess and determine their capabilities. Given the existence of risks, participants should carefully read this risk disclosure before confirming this agreement and engaging in contract trading. Participants must ensure they understand the nature and rules of contract trading and decide whether to participate based on their own experience, goals, financial condition, risk-bearing ability, etc. Participants should seek legal and other independent professional advice before applying for high-leverage and contract trading.

**Suitable Participants**

Digital asset derivative trading involves high leverage and high risk and is only suitable for professional institutions or experienced individuals who fully understand all the risks associated with digital asset derivative trading and can afford to bear the partial or total loss of account funds due to mistakes.

**II. Existing Risks**

1. **Price Volatility Risk:**

Digital currency derivatives, as a special and valuable product, are influenced by various factors, leading to significant price fluctuations. Participants may find it challenging to fully grasp these fluctuations during actual operations, posing a risk of errors. Failure to control risks effectively may result in significant losses, and participants must bear all losses caused thereby.

2. **Trading Risk:**

- Participants need to understand that derivative trading involves high leverage, leading to rapid profits or losses. If the trade direction is contrary to market fluctuations, significant losses may occur. Depending on the extent of losses, participants may need to add digital currency margin or reduce positions; otherwise, their positions may be forcibly liquidated, and participants must bear all resulting losses.

- Orders submitted within the trading system of the exchange cannot be withdrawn once executed, and participants must accept the risks associated with this execution method.

- The exchange does not guarantee profits for participants, nor does it share profits or risks with participants.

3. **Policy and Regulatory Risks:**

Digital asset derivative trading may face policy and regulatory risks within certain jurisdictions. Participants should carefully assess these risks based on an understanding of the policy and regulatory background of the trading jurisdiction before initiating trades.

4. **Other Potential Risks:**

- When users use high leverage, it introduces significant risks to themselves and the market. To maintain market stability, the platform monitors users with high leverage positions. If the platform determines that a user''s position may significantly impact market stability, corresponding measures may be taken, including but not limited to communication, risk disclosure, forced reduction of positions, forced liquidation, order cancellation, and early delivery and settlement. Users will receive written explanations from the platform.

- The rules of derivative trading in the digital asset derivative market, including adjustment coefficients, expiration dates, and product rules, may be modified based on the actual operation of the platform. If the platform needs to perform an early or postponed delivery of a product due to special circumstances, after fulfilling the notification obligation through announcements on the official website or SMS notifications, users should promptly handle their own positions. Users bear all possible losses or gains resulting from this.

**III. Suggestions**

1. Participants must thoroughly understand the basic knowledge of digital currency derivative trading, relevant risks, and business rules before participating.

2. The risks mentioned in this risk disclosure are illustrative and do not exhaustively list all risk factors related to digital asset derivative trading. Participants should carefully understand and grasp other potential risk factors before participating in digital asset derivative trading.

3. We sincerely hope and advise participants to make prudent decisions on whether to participate in this contract trading based on their actual risk-bearing capacity, etc., and reasonably allocate their digital assets.

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service@biton.one

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