Trading in virtual currencies entails significant risks of financial loss. You should not commit funds to trading in virtual currency that you are not prepared to lose entirely.
Market prices for virtual currencies can be volatile and highly unpredictable.
You should not trade in virtual currencies or provide or accept leverage unless you understand the associated risks. This Risk Disclosure Statement discusses some of the principal risks of trading in virtual currencies, but it does not and cannot describe every risk or consideration involved in holding or trading virtual currency.
Market prices for virtual currency can be volatile and highly unpredictable. Whether the future market price for a virtual currency will move up or down or even sustain a market value is a speculation and unknowable.
Markets for virtual currency can at times become what is known as “illiquid,” which means there can be a scarcity of persons who are willing to trade at any one time. Thinly traded or illiquid markets have potential increased risk of loss because they can experience high volatility of prices and in such markets market participants may find it impossible to liquidate market positions except at very unfavorable prices. There is no guarantee that the markets for any virtual currency will be active and liquid or permit you to establish or liquidate positions in the virtual currencies when desired or at favorable prices.
The Company makes no representations or warranties about whether a virtual currency will always continue to trade in the virtual currency trading market. Any virtual currency is subject to delisting without prior notice in the sole discretion of the Company.
The legality of virtual currency, trading of them may not be clear and may vary under the laws of different jurisdictions throughout the world. This can mean that the legality of holding or trading virtual currency, is not always clear.
Whether and on what basis a virtual currency may constitute property, an asset, or a right of any kind and what may constitute lawful leverage provision, might vary from one jurisdiction to another. You are responsible for knowing and understanding how the laws applicable to you or your property, rights or assets or to lending address, limit, regulate, and tax the virtual currencies you trade.