Trading in Digital Assets and using the exchange, brokerage, derivatives and other services (“Services”) provided by EagleX (“EagleX” or “we”) involve risks, some of which are set out below. These risks, and additional risks arising either now or in the future, could result in the loss, failure or destruction of your assets, inability to receive any benefits available to you, other losses and termination of our Services.
You must consider carefully whether the risks set out below, as well as all other applicable risks, are acceptable to you prior to any Digital Asset Transaction.
You shall seek professional advice regarding your particular situation before trading in the Digital Assets or using the Services.
THE RISK OF LOSS IN TRANSACTIONS INVOLVING DIGITAL ASSETS CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRANSACTIONS ARE SUITABLE FOR YOU IN LIGHT OF YOUR INVESTMENT OBJECTIVES, FINANCIAL CIRCUMSTANCES, YOUR TOLERANCE TO RISKS AND YOUR INVESTMENT EXPERIENCE. YOU SHOULD BE CAPABLE OF BEARING A FULL LOSS OF THE AMOUNTS INVESTED AS A RESULT OF OR IN CONNECTION WITH ANY DIGITAL ASSET TRANSACTION AND ANY ADDITIONAL LOSS OVER AND ABOVE THE INITIAL AMOUNTS TRADED OR INVESTED THAT MAY BECOME DUE AND OWING BY YOU. IN CONSIDERING WHETHER TO TRADE OR INVEST, YOU SHOULD INFORM YOURSELF AND BE AWARE OF THE RISKS GENERALLY, AND IN PARTICULAR SHOULD NOTE THE FOLLOWING SPECIFIC RISK FACTORS WHICH MAY APPLY TO ANY GIVEN DIGITAL ASSET TRANSACTION.
For the purpose of this Risk Disclosure Statement:
Account means an account that is established by us in your name for the purposes of the Services.
Airdrop means the attempted distribution or distribution by a Digital Asset network of any Digital Assets to Digital Asset addresses of a supported network.
Authorised Person means any person you authorise (either alone or collectively) and we approve to act on your behalf in giving Instructions, entering into Digital Asset Transactions or performing any other act in connection with the Agreement.
Digital Asset means a digital representation of value that can be digitally transferred, stored and traded, with or without conditions, and can be used for payment, investment or other purposes, as determined and approved by EagleX from time to time for use in connection with the Services.
Digital Asset Derivatives means an option, a swap, a future, a contract for difference or any other contract or instrument whose market price, value or delivery or payments obligations are derive from, referenced to, or based on a Digital Asset underlying interest.
Digital Asset Transaction means a transaction for the acquisition or disposal of Digital Assets by you that is initiated, negotiated and completed through our Services.
Fork means changes in operating rules of the underlying protocols of a Digital Asset that may result in:
(a) more than one version of that Digital Asset; and/or
(b) EagleX holding an amount (which may be an identical amount) of Digital Assets associated with each forked network,
in each case as determined by EagleX.
Network Event, in relation to a Digital Asset, means any event (other than an Airdrop or Fork) in respect of the blockchain or the smart contract that underlies a Digital Asset, which is beyond our control, and results in:
(a) loss of control or ownership by us or a third party of any amount of such Digital Asset; or
(b) transaction records on the blockchain being altered, reversed or otherwise invalidated, whether by way of a fraudulent act or consensus, including any double spending attack, 51 percent attack and blockchain reorganisations,
in each case, as determined by EagleX.
Service(s) means the Brokerage Service and any other service that we may provide to you from time to time.
