The User is advised to read this section carefully and to consult legal, financial, tax or other professional advisor(s) if in any doubt as to the action they should take.
References to defined terms are to terms as defined in the BTSE Standard Terms and Conditions of Service of which these Legal Disclaimers form a part.
Disclaimer of Liability
The following disclaimers of liability are in addition and without prejudice to any exclusions of liability set out under the BTSE Standard Terms and Conditions of Service:
Trading in Digital Assets entails certain risks. By using the Services, the User expressly acknowledges and assumes the risks set out in this section. If any of these risks and uncertainties develop into actual events, the ability of the Group to provide the Services may be adversely or materially affected and/or the User may lose all or part of the value of the Digital Assets stored in in the platform of the Services. Such risks include but are not limited to the following:
The market for Digital Assets is still new and uncertain. The risk of loss in trading or holding Digital Assets can therefore be substantial. The User should therefore carefully consider whether use of the Services is suitable for them in view of their financial condition. The Group and its Affiliates shall not bear any liability whatsoever for losses incurred by the User in conjunction with the Services.
Liquidity and Listing Risk
Digital Assets are not issued by any central bank or national, supra-national or quasi-national organisation. Digital Assets may also not be backed by any hard assets or other credit. The Group and its Affiliates are not responsible for the circulation and trading of any of the Digital Assets on the Interface. Trading of Digital Assets merely depends on the consensus on their value between the relevant market participants, and no one is obliged to guarantee the liquidity or market price of any of the Digital Assets that may be traded on the Interface to any extent at any time. Any market for any of the Digital Assets may abruptly appear and disappear. Accordingly, the Group and its Affiliates make no representation or warranties about the future market price of any of the Digital Assets traded on the Interface or whether any of the Digital Assets that may be traded on the Interface may be traded on the Interface any point in the future. Each and any of the Digital Assets may subject to delisting without any notice to or consent from the User.
In addition to liquidity risks, values in any cryptocurrency marketplace are volatile and can shift quickly. Users are warned that they should pay close attention to their position and holdings, and how they may be impacted by sudden and adverse shifts in trading and other market activities.
The Group and its Affiliates may experience system failures, unplanned interruptions in their network or services, hardware or software defects, security breaches or other causes that could adversely affect the Interface or Services
The User may be subject to adverse legal and/or tax implications as a result of trading Digital Assets on the Interface
The regulatory regime governing Digital Assets remains uncertain, and any changes, regulations or policies may materially adversely affect the Group’s provision of the Services or the value of the Digital Assets
There may be risks relating to acts of God, natural disasters, wars, terrorist attacks, riots, civil commotions widespread communicable diseases and other events beyond the control of the Group and its Affiliates.
The Interface or the Services may be interrupted, suspended or delayed due to acts of God, natural disasters, wars, terrorist attacks, riots, civil commotions, widespread communicable diseases and other events beyond the control of the Group and its Affiliates. Such events could also lead to uncertainty in the economic outlook of global markets and there is no assurance that cryptocurrency exchanges including the Interface will not be affected. In such events, the market price and the demand for the Digital Assets and Fiat Currencies on the Interface may also be materially affected.
Cryptocurrencies and cryptocurrency exchanges are a relatively new and dynamic technology. In addition to the risks highlighted herein, there are other risks associated with trading of the Digital Assets and Fiat Currencies on the Interface, including those that the Group cannot anticipate. Such risks may further materialise as unanticipated variations or combinations of the risks discussed herein.
The Group and its Affiliates do not provide any investment advice or advice on trading techniques, models, algorithms, or any related aspects. No information on the Interface should be considered to be business, legal, financial or tax advice regarding the use of the Services or the trading of Digital Assets or Fiat Currencies. The User should consult their own legal, financial, tax or other professional advisors before using the Services.