1.Before you start, you must thoroughly understand the basic knowledge and risks of digital currency futures trading, as well as the business rules on derivatives trading.
2.The risk matters mentioned above in this risk reminder are only examples and can’t give exhaustive coverage of all risk factors related to digital asset derivative trading. Investors should also carefully understand other possible risk factors before digital asset derivative trading and investments
3.We sincerely hope and suggest investors prudently decide whether to participate in this future transaction and reasonably allocate digital assets based on risk tolerance and other actual conditions
Dear User,
You have not opened a future account and contract trading, please read the content carefully before deciding whether to open it,
1. When you are trading in the future market, if your position margin is insufficient because of the unfavorable market price trend, the CoinW perpetual contract will make the order to close your position and disclose the details according to the system agreement2. You must carefully read and abide by the business rules of the CoinW perpetual contract, understand the mechanism and principle of the future, and know various risks in the market3. In some extreme market conditions, it may be difficult or impossible for you to close your open positions. For example, when your profit ranks first among the effective leverage PnL in the whole future market, and the insurance fund of the counterparty is not enough to cover its overloss from liquidation4. The CoinW perpetual contract is connected to the trading trading system. The profit and loss of the user's position change with the fluctuation of the future market. When there is a huge loss, the position will also be liquidated in the future trading system. You are supposed to timely decide your own trading behavior according to the future price and be liable for your profits and losses. Hence, CoinW does not assume any presumptive or established responsibility for guarantee5. Users should consciously abide by the rules of the platform and laws and regulations in the countries and regions where they are. The platform will never be liable for the loss or liquidation caused by the fact that the account is frozen, users fail to take any action, and the platform fails to close the position for the user if there is an abnormal operation in the user's future account due to violations.6. Digital asset derivatives trading may be subject to regulatory risks in certain jurisdictions. Before trading, you need to make prudent judgments on the premise of understanding the regulatory background of the region where trading takes place. CoinW will disclose changes in laws, regulations, and policies in different countries and regions, amendments to the trading rules of the futures trading, and the introduction of emergency measures in advance, and the open position contracts you hold may not continue to be held, but the margin and profit balance will still be withdrawn7. The user should be liable for losses resulting from the failure of orders to be closed or closed in full for reasons beyond the control of the platform party, such as earthquake, flood, fire and other force majeure factors or computer system, communication system failures.8. Hedging trading, like speculative trading, is also exposed to risks arising from price fluctuations9. If you neither complete real-name authentication nor bind Google authenticator, or lend your account to someone other than yourself, the security of your future deposit may be affected.