The digital asset entrustment management service provided by the Bibox platform is risky based on objective technical reasons and subjective policy reasons, thus the user must agree to this agreement when activating the use of the digital asset entrusted management service. This behavior also means that the user fully understands and agrees to accept the risks of the digital asset entrustment management service provided by the Bibox platform. The content of this risk warning is subject to the content of Chinese version.
This risk warning is designed to reveal to investors the objective technical risks and subjective strategic risks of digital asset entrusted management services, and to help users assess and determine their own capabilities. In view of the existence of investment risks, before confirming this Agreement and entrusting digital assets, users should carefully read this risk reminder, must ensure that they understand the nature and rules of entrusted management, and decide whether to entrust according to their own investment experience, objectives, financial status, ability to bear risks, etc.
Investors should consult legal and other independent professional advice before applying for high bar and contract transactions.
The subjective strategy of digital asset entrusted management services may contain leverage and risk, which is only suitable for professional investment institutions or investment experienced persons, or those who can fully understand all the risks of digital asset derivatives trading and can bear the loss of part or all of the funds in the account due to investment blunders.
1.Price fluctuations and trading risks
As a special product with investment value, the price of digital assets is affected by a variety of factors, the price fluctuations are large, and the market capacity is limited, so the providers of digital asset entrusted management services (including Bibox) have the possibility of slippage in transactions, unable to accurately take profits and stop losses and cause or expand losses. Providers of digital asset entrusted management services (including Bibox) promise to compensate for losses of digital assets that exceed the agreed liquidation line, but users may still have to bear losses that do not exceed the maximum drawdown ratio.
2.Policy regulatory risks
Digital asset and derivatives transactions may face policy regulatory risks within certain jurisdictions, and investors need to make prudent judgments based on understanding the policy regulatory background of themselves and the entrusted parties (including Bibox) before entrusting.
3.Other possible risks
When entrusted digital assets and derivatives transactions, including but not limited to adjustment coefficients, maturity dates, product rules, etc., can be modified according to the actual operation of the platform, if the platform needs to carry out early or delayed delivery of products due to special circumstances, after the official website announcement or SMS notification and other ways to perform the obligation to inform. The entrusted party (including Bibox) will deal with its own position in a timely manner, and the possible loss or profit (including the loss of the position) caused by it shall be borne by the user himself.
1.Before participating, investors must thoroughly understand the basic knowledge of digital asset entrustment management and the relevant risks, as well as the business rules of the trading platform.
2.The above risk matters in this risk reminder are only enumerated in nature, and all risk factors related to digital asset entrusted management are not listed in detail, and users should also carefully understand and grasp other possible risk factors before enabling digital asset entrusted management services.
3.We sincerely hope and recommend that users, starting from their own actual conditions such as risk tolerance, prudently decide whether to enable this digital asset entrusted management service and reasonably allocate their own digital assets.