A. How to interpret this Risk Disclosure Statement
All capitalized terms used in this Risk Disclosure Sttatement that are defined in the BitMart User Agreement (the “BitMart User Agreement” or "User Agreement") shall have the same meanings as set forth therein. The BitMart User Agreement, together with the Privacy Policy and other applicable marketplace rules (collectively, the “General Market Rules”), apply to all BitMart users.
B. BitMart Services
In line with our commitment to compliance and user protection, this Risk Disclosure Statement provides information about some of the key risks associated with your use of the services provided by BitMart through BitMart.com, BitMart’s APIs, the BitMart mobile application, or any other BitMart website, as well as any other services that may be offered by BitMart from time to time. Each BitMart Service has its own distinct risks. This Risk Disclosure Statement provides a general description of some of the risks that may arise when you use BitMart Services.
This Risk Disclosure Statement does not explain all of the risks or how such risks relate to your personal circumstances. It is important that you fully understand the risks involved before making a decision to use BitMart Services and you should also read the relevant terms applicable to the specific BitMart Service. By using the BitMart Services and entering into any Transactions, you agree that you assume all of the related risks.
C. No Personal Advice
We do not provide personal advice in relation to BitMart Services. We sometimes provide factual information, information about transaction procedures and information about the potential risks. However, any decision to use BitMart Services is made by you. No communication or information provided to you by BitMart is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. You are solely responsible for determining whether any investment, investment strategy, or related transaction is appropriate for you according to your personal investment objectives, financial circumstances, and risk tolerance.
D. No Monitoring
BitMart is not your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any trades or other decisions or activities undertaken by you using BitMart Services. We do not monitor whether your use of BitMart Services is consistent with your financial goals and objectives. It is up to you to assess whether any activity that you engage in through the BitMart Services is appropriate given your financial position and risk appetite.
E. No Tax, Regulatory, or Legal Advice
You have sole responsibility for determining what taxes you might be liable to, how and when they apply, and meeting such tax obligations, when transacting through the BitMart Services. It is your responsibility to report and pay any taxes that may arise from entering into a transaction by using the BitMart Services, and you acknowledge that BitMart does not provide legal or tax advice in relation to these transactions. If you have any doubts about your tax status or obligations when using BitMart Services, or with respect to the Digital Assets held to the credit of your BitMart account, you are encouraged to seek independent advice.
You acknowledge that, when, where and as required by Applicable Law, BitMart shall report information regarding your transactions, transfers, distributions or payments to tax or other public authorities. Similarly, when, where and as required by Applicable Law, BitMart shall withhold taxes related to your transactions, transfers, distributions or payments. Applicable Laws could also prompt BitMart to request that you provide additional tax information, status, certificates or documentation or other information. You acknowledge that failure to comply with these requests within the specified timeframe, may result in taxes withheld by BitMart, to be remitted to tax authorities as defined by Applicable Law. You are encouraged to seek professional and personal tax advice regarding the above and before entering into any Transaction.
F. Market Risks
An investment in Digital Assets carries significant risk. The value of an investment and any returns can go up or down, and you may lose all or part of your investment and not get back the amount you had invested. If you are new to Digital Assets, consider investing only a small amount. Only invest what you can afford to lose. It is important to do your own research to understand the risks of investing in Digital Assets.
Digital Asset trading is speculative, prices are volatile and market movements are difficult to predict. Supply and demand for Digital Assets can change rapidly without warning and can be affected by a variety of factors which may not be predictable, including regulation, general economic trends and developments in the Digital Asset ecosystem. All investments in Digital Assets carry the risk of loss.
Past performance is not an indicator of future performance. BitMart does not in any way guarantee or provide any assurance about the performance or market price of Digital Assets or products available through the BitMart Services.
The Digital Asset industry is subject to systemic and systematic risk. Systemic and systematic risks are both threats to the Digital Asset markets and economy, but the cause of these risks and the approaches for managing them are different. Systemic risk is the risk that a company or industry-level risk could trigger a major collapse. Systematic risk is the risk inherent to the entire market, which can be economic, sociopolitical, technological, or natural in origin. These risks can affect the prices of Digital Assets.
Blockchain technology is a relatively new technology that is evolving rapidly and is likely to be subject to continued technological development. The future development and growth of the Digital Asset industry is subject to a variety of factors that are difficult to predict and evaluate. Similarly, the sustainability of Digital Asset networks may also be affected by a range of different factors. All such factors may impact the value of a Digital Asset.
Negative perceptions about Digital Assets may reduce the confidence of investors in the industry and result in greater volatility of the prices in Digital Assets, including possibly a significant depreciation in value. Any events that trigger negative publicity in respect of Digital Asset markets may therefore have an adverse impact on the value of any investment in Digital Assets.
G. Counterparty Risk
You may be exposed to counterparty risk in various circumstances when using BitMart Services. This may include, without limitation, if a market maker or liquidity provider faces issues which could result in slippage or an inability to execute trades; failures by or disputes with payment processors which may delay deposit and withdrawal transactions; borrowers defaulting on their repayment obligations which may delay the redemption of deposits from certain products.
In such other exceptional circumstances, your holdings and your ability to transact or deal with your holdings, may be adversely affected which may result in a range of outcomes including, without limitation, transactions not completing as expected, trading costs being irrecoverable, loss of profits, inability to acquire or dispose of assets at the desired time or price.
H. Liquidity risk
Digital Asset prices on the secondary market are driven by supply and demand and may be highly volatile. Digital Assets may have limited liquidity which may make it difficult or impossible for you to sell or exit a position when you wish to do so. This may occur at any time, including at times of rapid price movements.
I. Fees & Charges
BitMart may, in its discretion, update the fees & charges from time to time. Please be aware of all fees and charges that apply to you, because such fees and charges will affect the returns you generate from using BitMart Services.
J. Availability Risk
While we aim to deliver a seamless user experience, we cannot guarantee that the BitMart Services will be available at any particular time or that BitMart Services will not be subject to unplanned service outages or network congestion. It may not be possible for you to buy, sell, transfer, send or receive Digital Assets when you wish to do so.
There are legal requirements in various countries which may restrict the products and services that BitMart can lawfully provide. Accordingly, some products and services and/or certain functionality within the Platform, including but not limited to fiat services, may not be available or may be restricted in certain jurisdictions or regions or to certain Users and any BitMart campaigns, user competitions or other promotions will not be open to (and are not targeted at or intended for) Users to whom restrictions apply. Users are responsible for informing themselves about, and observing any restrictions and/or requirements imposed with respect to, the access to and use of the Platform and the BitMart Services in each jurisdiction from which the Platform and the BitMart Services are accessed by or on behalf of the User. BitMart reserves the right to modify such restrictions or impose additional restrictions with respect to the access to and use of the Platform and/or the BitMart Services from time to time in its sole discretion without notification.
K. Third Party Risk
Third parties, such as third-party payment providers, P2P trading providers, and credit card providers, may be involved in the provision of BitMart Services. You may be subject to the terms & conditions of these third parties. Unless expressly provided otherwise, BitMart will not be responsible for any loss that may be incurred by you as a result of or arising from the services provided by such third parties.
L. Security Risk
The nature of Digital Assets exposes them to an increased risk of cyberattack. While BitMart uses all reasonable efforts to safeguard Digital Assets and protect the Platform from cyberattack, it is not possible for any exchange to eliminate security risks entirely. There can be no guarantee that systems in place to mitigate cybersecurity threats will always be effective to prevent improper access to the Platform and Digital Assets.
You are responsible for keeping your BitMart Account information safe, and you shall be responsible for all the Transactions under your BitMart Account, whether you authorised them or not. Transactions in Digital Assets may be irreversible, and losses due to fraudulent or unauthorised transactions may not be recoverable.
M. Risks related to Digital Assets
Given the nature of Digital Assets and their underlying technologies, there are a number of intrinsic risks, including but not limited to:
a. faults, defects, hacks, exploits, errors, protocol failures or unforeseen circumstances occurring in respect of a Digital Asset or the technologies or economic systems on which the Digital Asset rely;
b. transactions in Digital Assets being irreversible. Consequently, losses due to fraudulent or accidental transactions may not be recoverable;
c. technological developments leading to the obsolescence of a Digital Asset;
d. network delays causing transactions to not be settled on the scheduled delivery date;
e. attacks on the protocol or technologies on which a Digital Asset depends;
f. a hard fork may occur if Digital Asset developers suggest changes to a particular Digital Asset software and the updated software is not compatible with the original software and a sufficient number (but not necessarily a majority) of users and minors elect not to migrate to the updated software. This would result in two versions of Digital Asset networks running in parallel and a split of the blockchain underlying the Digital Asset network, which could impact the demand of the Digital Asset and adversely impact the price of the Digital Asset;
g. certain addresses on the blockchain networks hold a significant amount of the currently outstanding asset on that network. If one of these addresses were to exit their positions, this may result in volatility that could adversely affect the price of that asset;
h. if anyone gains control of over 51% of the computing power (hash rate) used by a blockchain network, they could use their majority share to double spend their Digital Assets. Whilst the risk of this occurring for networks with wider adoption is remote, if such a “51% attack” were to be successful, this would significantly erode trust in public blockchain networks (like Bitcoin and Ethereum) to store value and serve as a means of exchange, which may significantly decrease the value of Digital Assets;
i. Digital Assets are subject to the risk of fraud or cyber attacks;
j. Digital Assets purchased and held in an account with BitMart are not covered by any external investor compensation, customer asset protection, deposit protection, insurance or other similar schemes; and
k. new risks may arise from investing in new types of Digital Assets or market participants’ engagement in more complex transaction strategies. Digital Assets and the Digital Asset market is subject to speculative interest, rapid price swings and uncertainty;
l. other risks are described in the BitMart User Agreement.
N. Monitoring Risks
Digital Asset markets are open 24 hours a day, 7 days a week, unless specified otherwise. Rapid price changes may occur at any time, including outside of normal business hours.
O. Communication Risks
When you communicate with us via electronic communication, you should be aware that electronic communications can fail, can be delayed, may not be secure, and/or may not reach the intended destination.
P. Legal and Regulatory Risks
Most Digital Assets operate without a central authority and are generally not backed by any government or authority. Changes in laws and regulations may materially affect the value of Digital Assets. This risk is unpredictable and may vary from market to market.
Further, Digital Assets may not be considered “property” under Applicable Laws in some jurisdictions. This may affect the nature and enforceability of your interest in the Digital Assets.
Legislative and regulatory changes may adversely affect or restrict (as applicable) the use, transfer, exchange and value of Digital Assets, as well as the provision of the BitMart Services in certain jurisdictions. Legislative and regulatory changes may occur quickly and without prior notice.
Q. Savings Risk
To the extent that BitMart Earn Assets deposited by users are loaned to BitMart Affiliates or clients of BitMart Group Entities, including under Margin and Loan products, these loaned assets are subject to the risk that the borrowing party will be unable or unwilling to repay the borrowed assets. BitMart takes various precautions to minimise this counterparty risk of borrowers defaulting, including (a) conducting due diligence on prospective borrowers under Margin and Loan products and (b) requiring borrowers under Margin and Loan products to provide collateral as security for the repayment obligation. In addition, a vast majority of the Loans and Margin loans that are funded by BitMart Earn Assets are overcollateralised, meaning that the borrowing client is required to provide collateral having a value that is greater than the amount of the loan.
BitMart’s ability to return your Savings Assets may be adversely affected or delayed if a significant number of borrowers (including under Margin and Loan products) default on the obligation to repay borrowed assets to BitMart, the collateral held by or for the benefit of BitMart is insufficient to cover the outstanding loan amount.
In extreme and exceptional circumstances, BitMart may have insufficient liquid assets readily available to satisfy requests to redeem BitMart Savings Assets in a timely manner as a result of various different other factors including, without limitation, concentrated exposure to the performance of a particular Digital Asset, a particular borrowing client or a particular depositor. BitMart has processes in place to monitor and minimise liquidity risk and concentration risk. This includes, for example, limiting the maximum amount that an individual borrower is able to borrow and limiting the maximum amount that a user can subscribe to BitMart Savings Offers. These controls limit BitMart’s exposure to the risk of default of any particular borrower and also limit BitMart’s dependency on the deposits of any particular user for liquidity. In addition, for each Digital Asset, there is a maximum percentage of BitMart Savings Assets that can be made available for lending, which is determined based on the volatility, liquidity and market capitalisation of the relevant Digital Asset.
Digital Assets that are deployed in on-chain staking will be subject to a number of risks, including the risk of protocol penalties (known as “slashing”) which result in the forfeiture of some or all of the Digital Assets that are staked. Slashing is designed to discourage network validators from engaging in dishonest, malicious or other inappropriate activity and may occur due to errors in smart contracts, misbehaviour of validators, or mistakes during block production. Slashing is very rare. For example, only 0.04% of the over 500,000 Ethereum validators ever experienced a slashing event, according to data from February 2023. While BitMart takes all reasonable precautions to avoid slashing and will wish to compensate users as far as possible (acting at its own discretion) to replace Digital Assets lost to slashing penalties if they do occur, so that you should not experience any loss even in the event of slashing, in some rare situations it is possible you could lose some or all of your Staked Assets. This would include situations where slashing is the result of a hack, your own actions or other extreme events.
BitMart may run promotional campaigns from time to time that are sponsored by partner projects including Fixed or Flexible Savings product offerings with higher APYs to benefit users. These higher rates may be temporary and you should consider whether the relevant offer still meets your needs once the interest rate reverts to its normal level when the promotion period expires.
Although BitMart takes all reasonable precautions to minimise the risks described in this Risk Disclosure Statement and to safeguard the return of Savings Assets to users, in extreme and exceptional circumstances, BitMart may not have sufficient assets readily available to return Savings Assets to users in a timely manner. This could result in users losing some or all of their Savings Assets or experiencing a delay in the return of all or some Savings Assets to users. These exceptional circumstances could arise, for example, following a catastrophic hack or technical failure, a significant number of borrowers to whom loans have been granted under Margin and Loan products defaulting at the same time, depletion of the insurance fund, extreme market volatility, network delays or disruptions, systemic risk or other black swan events that affect the cryptocurrency market as a whole.
R. Staking Risks
Staking involves a risk of protocol penalties, also known as “slashing”, designed to disincentive dishonest and malicious validator activity, where some or all of a validator’s staked Digital Assets are forfeited as a penalty. Slashing can occur due to errors in smart contracts, misbehaviour of validators, or mistakes during block production. Slashing is very rare. While BitMart takes all reasonable precautions to avoid slashing and will wish to compensate users as far as possible (acting at our discretion) to replace Digital Assets lost to slashing penalties if they do occur, so that you should not experience any loss even in the event of slashing, in some rare situations it is possible you could lose some or all of your Staked Assets. This would include situations where slashing is the result of a hack, your own actions or other extreme events.
Staking Rewards are calculated based on the Variable Reward Rate and each user’s amount of Staked Assets. The Variable Reward Rate is determined by BitMart in its discretion, based on the On-Chain Rewards and the commission fee charged by BitMart, each of which may change from time to time. All On-Chain Rewards will be retained by BitMart and participants in Staking will only receive the Staking Rewards, which may be more or less than the actual amount of On-Chain Rewards.
Users may not be able to redeem the entirety of their Staked Assets in a single redemption request and may be required to submit multiple redemption requests over a period of time. Due to the processing limitations on different blockchain networks, users may choose between Normal Redemption and Fast Redemption. Each user has a Daily Fast Redemption Quota, which is the maximum amount of Staked Assets eligible for fast redemption per day, and the Fast Redemption option is subject to quota limits and may not be available once the quota is exhausted. Both the Redemption Pool, the Daily Redemption Quota and anticipated the processing may change from time to time. You can also check the delivery date and status for submitted redemption requests here.
BitMart does not guarantee that you will receive Staking Rewards at the Variable Staking Rate shown at the time you Subscribe. The Variable Staking Rate will change from time to time and may fluctuate up or down from the rate applicable at the time of Subscription. Any representation concerning possible returns at the time you Subscribe is an estimate only and not guaranteed; and based on the Variable Staking Rate at the relevant time, which may change.
Redeeming Staked Assets takes time. There is no guaranteed timeframe for completion of redemption or conversion requests. Because cryptocurrency prices can be highly volatile, there is a risk that the market price of digital assets could be significantly higher or lower by the time the redemption request is completed and users will be unable to dispose of their Staked Assets while a redemption request is being processed. In addition, in rare or extreme situations it is possible that the value of your Staked Assets or Staking Rewards may drop to zero.
BitMart does not guarantee uninterrupted or error-free operation of the Staking Services or that it will correct all defects or prevent disruptions or unauthorized access. BitMart may suspend or discontinue the BitMart Staking Services in its sole discretion at any time. If there is any disruption, suspension or discontinuance of the Staking Services, any Staked Assets may stop generating Staking Rewards and you may not receive any (and we may forfeit all or some) Staking Rewards. BitMart has no liability or responsibility for and expressly disclaims any loss, liability or damage that users may incur directly or indirectly in connection with the Staking Services, including without limitation loss, liability or damage arising directly or indirectly from interruptions, errors or defects in the Staking Services, third party disruptions of or unauthorized access to the Staking Services and any suspension or discontinuance of the Staking Services.
S. Risk of trading using leverage
Trading using leverage entails significant risk and it is important that you fully understand the risks involved in trading Digital Assets using leverage.
A relatively small market movement will have a proportionately larger impact on the leveraged funds you have deposited or will have to deposit; this may work against you as well as for you. You may sustain a total loss of initial margin funds and, in exceptional circumstances, any additional funds deposited with BitMart to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you may, in exceptional circumstances, be liable for any resulting deficit.
T. Risk of trading Futures
Futures are complex leveraged products and may not be suitable for inexperienced investors. Before investing, investors must understand the nature and accept the risks of futures products, including extreme price volatility of Digital Asset Futures and the risk that the value of a Digital Asset Futures position may decline rapidly and significantly, including to zero. While Digital Asset Futures amplifies the potential profit of trading in Digital Assets, it also equally amplifies the risk of loss. All the risks relating to the underlying Digital Assets may be magnified in Digital Asset Futures because of the use of leverage.
The risk of loss is substantial. In volatile market conditions, the price of Digital Assets, and therefore the price of Digital Asset Futures, may decline significantly in a short period of time, including to zero. An investor in Digital Asset Futures must be prepared and able to bear the loss of the entirety of their investment.
You should not invest any amount that you cannot afford to lose. You are strongly encouraged to seek independent professional advice when deciding whether Digital Asset Futures products are suitable for you, having regard to your risk appetite, financial position and knowledge about Digital Assets.
When trading Futures, it is your responsibility:
a. To familiarise yourself with Digital Assets and Futures before you start trading.
b. To monitor your open positions and, when required, to reduce your position or deposit additional margin to avoid liquidation.
c. Manage your exposure and do not risk more than you can afford to lose.
When trading Futures you may suffer a loss as a result of a number of factors including but not limited to the following: (i) a position in Futures moving against you, for example, you hold a long position and the price of the underlying Digital Asset declines or you hold a short position and the price of the underlying Digital Asset increases. You may lose the entirety of your investment, including all assets that you have made available as margin for the position; (ii) your profitable position may be forced to close under auto-deleveraging, because one or more of the counter-parties to your profitable position has provided insufficient collateral, resulting in you not receiving some or all of the profits that you may otherwise be entitled to receive; (iii) you cannot close a Futures position because there is insufficient market liquidity or demand for the other side of that trade; (iv) we are required to change parameters on the Platform such as the margin requirements; (v) there is a malfunction of the Platform, for example resulting from scheduled or unscheduled downtimes, matching system failure, database failure, cryptocurrency transfer or storage failure, failure or malfunction of the API, hacker attacks or other failure or malfunction.
The market price of a Futures contract for a Digital Asset may not mirror the price of the relevant Digital Asset in the spot market. The price of a Futures contract for a Digital Asset may also fluctuate significantly in response to movements in the price of the underlying Digital Asset, supply and demand, and other market factors.
In order to open and maintain a Futures position, you will be required to provide collateral as margin. The use of leverage allows traders to provide a relatively small amount of margin for a position with significantly more market exposure. However, this use of leverage means that a relatively small change in the market price of the underlying Digital Asset could result in liquidation of a position and loss of assets. For example, a 1% decrease in the price of a Digital Asset underlying a 10x leveraged long Futures contract is equal to a 10% loss in the long Futures position. Conversely, a 1% increase in the price of a Digital Asset underlying a 10x leveraged short Futures contract is equal to a 10% loss in the short Futures position.
If the market moves against your Futures position, you may be required to provide additional margin on short notice in order to maintain your Futures positions, failing which your position may be liquidated. If you are subject to liquidation, you may sustain a total loss of all collateral that has been provided or otherwise made available to establish or maintain a position, including collateral provided to meet margin calls. Further, you may, in exceptional circumstances, be responsible and liable for any deficit resulting in your Account following liquidation of your positions. It is your responsibility to ensure that you have sufficient margin in your Account to maintain all open positions.
Perpetual Futures Products do not have a fixed term. You will be subject to funding rates for the duration of your positions in Perpetual Futures Products.
BitMart may at its sole discretion determine to terminate the offering of Futures. If you are required to close your Futures positions, or your Futures positions are forced closed, at a time when the market price of the underlying Digital Asset is not favourable, you may suffer losses as a result. BitMart will not be responsible for any losses resulting from such termination.
The placing of certain “stop-loss” orders, or “stop-limit” orders which are intended to limit losses to certain amounts may not always be effective because rapidly changing market conditions may make it impossible to execute such orders. Strategies using combinations of positions such as “spread” and “straddle” positions may be as risky as taking simply “long” or “short” positions.
U. Risk of Crypto Loans Services
BitMart may require you to provide Collateral to support your obligations under certain Crypto Loans Services transactions. In particular, you could be asked to provide additional Collateral if the market moves unfavourably during the term of a particular Crypto Loans Services transaction or if BitMart changes the Collateral Requirements at our discretion at any time. Such additional Collateral may be substantial in poor market conditions and in other circumstances.
BitMart may allow you to use your Collateral in respect of Flexible Rate Loans to subscribe to BitMart Earn products and such Collateral will be treated in accordance with these Crypto Loans Service Terms and the Terms for BitMart Earn products. Please refer to the Risk Disclosure Statement available here for a summary overview of some (but not all) of the risks that may result from subscribing digital assets to a BitMart Earn product, including risks that may arise from the use of your Earn assets by BitMart Group Entities for operating purposes. All Collateral shall be held subject to BitMart’s general rights in respect of your digital assets as set out in the BitMart User Agreement, Terms and Conditions for BitMart Crypto Loans and as afforded by applicable law.
The risk of loss in financing a transaction by providing Collateral is significant. You may sustain losses in excess of the Collateral held with us. You may also sustain a total loss of the initial and any additional Collateral that you held with us.
You should note that small price movements in the underlying market will have a multiplying effect on your corresponding gain or loss. Losses may even exceed the amount of Collateral deposited by you and you will be liable to us for any shortfall between the Collateral and the loss incurred and you may be called upon at short notice to provide additional digital assets.
Any failure to make up the shortfall within the time required by us may result in us liquidating your Collateral and/or terminating your Loan or your access to Crypto Loans Services without your consent, applying the proceeds of such liquidation to the shortfall and claiming the balance (if any) from you. This could result in substantial costs and losses, which you will need to bear. Other consequences may also flow under these Terms and Conditions for BitMart Crypto Loans. You should therefore carefully consider whether the Loan or VA Loan Services is/are suitable in light of your own financial position and investment objectives. You must familiarise yourself with all the Terms and Conditions for BitMart Crypto Loans and any Loan and seek independent advice if needed.
V. Risk Disclosure for Dual Investment
Dual Investment is not a principal-protected product. It is different from other Earn products available on the Platform.
Dual Investment is a structured product with a number of variables to consider when Subscribing. Once your Subscription is executed, your Target Price, Settlement Date, Subscription Period and APY will be fixed. You will not be able to edit, cancel or revise the Target Price, Settlement Date, Subscription Period or APY once your Subscription is executed. There can be no guarantee or assurance that if the Target Price is reached and your Subscribed Dual Investment Assets are exchanged into the Alternative Currency, that you will be in a more favourable financial position. If the market price as at the Settlement Date of your Subscribed Dual Investment Assets is less favourable for you than the Target Price (i.e. higher than the Target Price in the case of a Sell High Dual Investment or less than the Target Price in the case of a Buy Low Dual Investment), you will still be obligated to exchange your Subscribed Dual Investment Assets and Dual Investment Rewards in the Deposit Currency for the Alternative Currency at the Target Price. Please read through the FAQ carefully to ensure that you understand the product. If you do not understand the product and associated risks, you should not Subscribe or otherwise use the product.
The higher APY set out for Dual Investment is provided in exchange for the comparatively high risk attributable to this product. The digital asset markets can be extremely volatile. You should note that past performance is not to be treated as an indication of future performance. BitMart is not liable for any losses incurred from price fluctuations.
We make no guarantees of rewards. You have no right to a reward even if it is received by BitMart. Dual Investment Rewards will be credited to your BitMart Account only after they are received by BitMart. Unless otherwise specified, the APY indicated for Future Transactions is only an estimate, and may change over time. The availability of Dual Investment Rewards is subject to market volatility, and BitMart does not guarantee that you will receive any Dual Investment Rewards from your Dual Investment.
A Subscription to Dual Investment is illiquid. Your Subscribed Dual Investment Assets will be locked and you will not be able to access or otherwise deal with your Subscribed Dual Investment Assets (together with all Dual Investment Rewards) until the Settlement Date. During the Subscription Period you will be exposed to the risk of extreme market volatility and will have no ability to exit your position in the Subscribed Dual Investment Assets prior to the Settlement Date. The illiquidity of your Subscribed Dual Investment Assets could result in losses arising from, amongst others, the inability to dispose of Dual Investment Assets at a higher price if market prices are depreciating or loss of opportunity to buy Dual Investment Assets at a more favourable price.
