This BloFin Futures Trading Service Terms (hereinafter as the “Terms”) is a binding between you (“you”, “your” or “User”) and BloFin (“we”, “our”, “us” or “BloFin”). It sets out the terms and conditions that governs your use of Futures Trading Services (the “Services”, "Service", or "Futures Trading Service") through BloFin.com or any of our associated websites, application programming interfaces or mobile applications (collectively the "Platform"). Futures Trading Services is a service that enables the User to trade certain Digital Assets derivative products. The terms and conditions in these Terms are to be read in conjunction with the Terms of Use, Privacy Policy and Risk Warnings (the “Legal Documents”).

 

By using the Services, you acknowledge that you have read, understood, and agree to be legally bound by the terms and conditions of these Terms and the terms set out in the Legal Documents, including any revisions as may be published by us at any time and from time to time. You acknowledge that you have also read and understood any additional documents or terms referred to or incorporated into these BloFin Terms. If you do not understand and accept these Terms in their entirety, you should cease to use the Service.

 

These Terms are supplemental to and shall be read together with the BloFin’s Terms of Use ("Terms of Use"). All terms and clauses contained in the Terms of Use (except to the extent expressly modified herein) are incorporated by reference and have the same force and effect as if set out in their entirety in these Terms.

 

In the event of any conflict or inconsistency between these Terms and the Terms of Use, these Terms shall prevail with respect to the Services contemplated hereunder, unless expressly stated otherwise. We may make changes to Terms (or any terms or information incorporated by reference) at any time.

 

These Terms and any applicable Terms or Legal Documents constitute the entire Terms and understanding regarding the use of any or all of the Services, and any manner of accessing them, between: You and BloFin, depending on your location, nationality, services used, and your level of KYC completed.

 

1. Definitions

 

1.1 In these Terms, unless context otherwise requires, the following words and expressions shall have the following meanings respectively ascribed to them:

 

“Coin-M Futures” means futures contracts that are quoted, margined and settled in Digital Assets other than stablecoins.

 

“Funding Fees” means periodic payments that apply to Perpetual Futures Contracts that are either paid to you or owed by you depending on whether you are holding a long or short position in the relevant Digital Assets and are based on the nominal value of the positions and the applicable Funding Rate. 

 

“Funding Rate” means the rate used to determine the applicable Funding Fees payable in respect of Perpetual Futures Contracts.

 

“Futures” means USDT-M Futures, Coin-M Futures, USDC-M Futures or any other futures contracts that BloFin may allow to be traded on the Platform.

 

“Futures Account” means an account maintained by you for the purpose of receiving the BloFin Futures Trading Services. Each Sub-Account that is enabled for Futures Trading Services will have a separate Futures Account. 

 

“Futures Trading Services” means all services relating to Transactions in Futures and use of any trading bot.

 

“Initial Margin” in respect of a Transaction, shall be the minimum amount of Margin that BloFin may, from time to time in its sole discretion, determine is required to be deposited in your Futures Account in order to open a leveraged position for that Transaction.

 

“Liquidation Price” means, in relation to an open position maintained in Futures, the price at which liquidation occurs, as calculated by BloFin in accordance with the relevant liquidation price formula. For the avoidance of doubt, the Liquidation Price as quoted by BloFin on the Platform is for reference only and shall not be binding on BloFin.

 

“Loss” means any and all loss, damage, costs, charges and/or expenses, including, but not limited to, legal fees on a full indemnity basis, cost of funding, losses or costs incurred as a result of the terminating, liquidating or re-establishing of any hedge or related trading position, loss of profit, loss of revenue, loss of opportunity, consequential, unforeseeable, special or indirect damages or expenses.

 

“Maintenance Margin” in respect of a Transaction, shall be the amount of Margin (which is additional to Initial Margin) that BloFin may from time to time in its sole discretion determine to be required to keep the relevant leveraged position in respect of the applicable Transactions open.

 

“Manifest Error” means any error, omission or misquote which is manifest or palpable, including a misquote by any representative of BloFin taking into account the current market and currently advertised quotes, or any error or lack of clarity of any information, source, commentator, official, official result or pronunciation. The fact that you may have entered into, or refrained from entering into, a corresponding financial commitment, contract or trade in reliance on a Transaction entered into through the Futures Trading Services (or that you have suffered or may suffer any loss whether direct, indirect, consequential or otherwise) is deemed irrelevant as a factor and shall not be taken into account in determining whether a situation amounts to a Manifest Error.

 

“Margin” in respect of Transactions, means any Digital Assets of the type that BloFin has specified it accepts to satisfy Margin Requirements, that are deposited with or held by or on behalf of BloFin in your Futures Account as security or credit support for your obligations under such Transactions.

 

“Margin Balance” means the sum, from time to time (as determined by BloFin in its sole discretion) of: (i) Margin held in your Futures Account; and (ii) any Unrealised P/L connected to your Futures Account.  Information relating to your Margin Balance from time to time is made available through the Platform.

 

“Margin Call” means the BloFin requesting the user to top up any shortfall of Margin in the Futures Account in order to satisfy Initial Margin and/or Maintenance Margin requirements from time to time.

 

“Margin Requirements” means any Initial Margin and/or Maintenance Margin required to open and/or maintain a position with respect to a Transaction, as specified by BloFin in its sole discretion from time to time.

 

“Order” means an electronic order for Futures transmitted by you or on your behalf which is accepted by BloFin in relation to the Futures Trading Services.

 

“Perpetual Futures Contracts” means Coin-M Futures, USDT-M Futures or USDC-M Futures or without a set expiry date.  Perpetual Futures Contracts can be held indefinitely with no expiry date.

 

“Transaction” means any transaction in respect of Futures that BloFin permits to be carried out with respect to your Futures Account.

 

“Unrealized P/L” means profits that have not yet been realized minus the losses that have not yet been realized, in each case with respect to your open Transactions before closure or expiry.

 

“USDC-M Futures” means futures contracts, other than Coin-M Futures, that are quoted, margined and settled in USD Coin (USDC). USDC-M Futures are linear (rather than inverse) futures products.

 

“USDT-M Futures” means futures contracts, other than Coin-M Futures, that are quoted, margined and settled in Tether (USDT). USDT-M Futures are linear (rather than inverse) futures products.

 

2. Eligibility of Using the Service

 

2.1 You acknowledge and agree that:

• you have agreed to BloFin’s Terms of Use, Privacy Policy and Risk Warnings, and you are eligible for and not prohibited from using the “Services” defined therein;
• these Terms does not contradict with the laws of the country or region of your residence;
• you are the legal owner of the Digital Assets you have deposited with the Service and aforesaid Digital Assets are obtained from legitimate sources;
• you must be at least 18 years old, with full civil rights and civil capacity, and have all the necessary authorities and abilities to understand and execute these Terms;
• If you are registering to use the Service on behalf of a legal entity, in order to effectively accept these Terms, you declare and guarantee that (i) such legal entity is legally established and valid in accordance with applicable laws; (ii) you are duly authorized by the legal entity to have the right to act on their behalf.
• You have the experience and risk tolerance of using the service, and have the experience and knowledge to invest in non-guaranteed digital currency products;
• In order to use the Service, you have the ability to perform operations on the Internet;

2.2 You are aware of and assume the risks of using the Service, which include but not limited to:

• high price volatility of the Digital Assets and their derivatives could incur severe or total loss in a short period of time;
• the insufficiency of Digital Assets deposited as margin or collateral could incur immediate liquidation of your Positions, and you could lose all Digital Assets you have deposited with the Service;
• technology outrage could happen, which may delay or block your use of the Service;
• market anomaly could happen, which may incur severe or total loss of your Digital Assets.
• from time to time and at any time, in order to maintain the overall stability of the market, BloFin may need to add, remove, or change policies. Such action may be in favor or against an individual User.

2.3 You acknowledge and agree that:

• You will not use the Service for any illegal purpose.
• You will not initiate or facilitate any form of market manipulation.

• You will not act in a manner which is contradictory to these Terms, the Legal Documents, or other BloFin community values.

   

3. The Service

 

3.1 The Service provides you with a real-time order book along with other information. You may view such information for your own analysis. However, BloFin is not responsible for any judgment or analysis you made based on the information provided by the Service.

 

3.2 You may place orders, in the form required by BloFin, via the website, client software, API or any other channels, as may be or become available at any time and from time to time. Once an order is filled, you will not be able to reverse or amend it.

 

3.3 Once your “Open Long” or “Open Short” order is filled, the corresponding Position is opened. Once a “Close Long” or “Close Short” order is filled, the corresponding Position is closed. The Service will provide you with information about your Positions, and about the value of your Digital Assets and their derivatives, on a real-time basis.

 

3.4 All dealings with you as undertaken by BloFin will be on an “execution-only” and “non-advised” basis. You are to rely on your independent judgment for your Positions and you are not entitled to ask us to provide you with any investment advice relating to any transactions. You agree, unless otherwise provided in these Terms, that we are under no obligation to carry out any actions.

 

3.5 At the time of settlement, users with long positions and users with short positions shall exchange the applicable Funding rate.

 

3.6 If you do not meet the maintenance margin requirements, you authorize us to sell your assets (including Digital Assets and Fiat Currencies, or a combination of both, as the case may be) in your account to cover the margin deficiency. You will be responsible for any shortfall in the account after such a sale.

 

3.7 If market anomalies occur before settlement and delivery, including but not limited to acute fluctuation of underlying index, BloFin may, under its sole discretion, decide to settle and/or deliver at a proper time and price with a commercially reasonable method without prior announcement.

 

3.8 BloFin reserves its right, to be exercised at its sole and absolute discretion, to suspend or terminate any use of the Service, any services provided by BloFin, or any BloFin account in the event of a breach of any terms under these Terms or breach of any Terms of Use.

 

4. Fees and Charges

 

4.1. In consideration for your use of our Services, you agree to pay to us the appropriate fees and charges as we may impose and stipulate. BloFin reserves the right, in its sole discretion, to revise or update our fees and charges from time to time.

 

4.2. All payment of fees and charges by you to BloFin in respect of any transaction shall be made promptly upon the completion of such transaction. You agree and authorise BloFin to deduct any applicable fees from your Account at the time a given transaction is completed. In the event that there are insufficient digital assets in your Account, you acknowledge that any fees and charges due and payable by you is a debt owing by you to BloFin, and shall fall due immediately.

 

4.3. All payments of fees and charges to BloFin shall be made in the form of Digital Assets.

 

5. Margin

 

5.1 All Margin shall be held subject to our general rights under Applicable Law. 

 

5.2 You shall deposit and maintain in your Futures Account Margin in such form and amounts, at such times and in respect of such Futures Account as BloFin may from time to time in its sole and absolute discretion require, whether or not such requirement is identical to or reflects or is greater than applicable collateral or margin requirements of any governmental body or self-regulatory organization in any jurisdiction which is required to be maintained by BloFin and/or you. The value of any Margin shall be determined by BloFin in its sole and absolute discretion.

 

5.3 A list of approved Digital Assets to be eligible as Margin will be prescribed by BloFin. BloFin may, in its sole and absolute discretion, amend the approved list from time to time without notice. 

 

5.4 You may choose to satisfy Initial Margin and Maintenance Margin requirements on your Futures Account either on an isolated basis (“isolated margin mode”) or across all open positions in a particular contract type (“cross margin mode”). If you select “isolated margin mode”, an independent Margin Balance will apply to each open position and only Digital Assets allocated as Margin to a particular open position will be utilized in the event of any liquidation or close-out. If you select “cross margin mode”, all open positions in the same contract type recorded against a Futures Account will have a single margin balance and will have recourse to the same pool of Digital Assets provided by you to satisfy Initial Margin and Maintenance Margin requirements. For the avoidance of doubt, if you have a number of different Sub-Accounts, each Sub-Account shall be treated entirely independently from any other Sub-Account for the purposes of determining Margin Requirements.  Accordingly, “cross margin mode” will not allow different Sub-Accounts to benefit from a shared pool of Margin, and each Sub-Account will have its own independent Margin Requirements.  

 

5.5 We accept USDT and USDC stablecoins to satisfy Initial Margin and Maintenance Margin requirements on Futures contracts. You may be able to apply the value of such Digital Assets to satisfy Initial Margin and/or Maintenance Margin requirements on USDT-M Futures or USDC-M Futures if you have deposited Digital Assets other than USDT or USDC to your Futures Account. We reserve the right to change the Digital Assets that are eligible as Margin for Futures contracts and/or applicable value haircuts and maximum transfer-in limit from time to time at our sole and absolute discretion.  With respect to Coin-M Futures contracts, BloFin accepts margin in the same cryptocurrency referenced in the relevant contract.  

 

5.6 BloFin will establish Margin Requirements in respect of Transactions which will be set out in the Futures Trading FAQ. We may, in our sole and absolute discretion, with or without notice to you, adjust the Margin Requirements for any Futures Account and/or type of Transaction at any time and by any level, and may also stipulate that such Margin Requirements shall apply to existing positions as well as new positions in the Transactions affected by such change. Any written notice from BloFin stating that any such circumstance has arisen shall be deemed to be a conclusive determination of that event. You acknowledge that we may, in certain market conditions, effect an immediate change in Margin Requirements and/or require additional Margin to be deposited by you immediately or within a specified period, and you hereby waive any right to object to such change or requirement. No prior Margin Requirements shall be binding on or set a precedent for BloFin.

 

5.7 In the event that BloFin determines, at any time, that additional Margin is required with respect to a Transaction, you shall deposit such additional Margin immediately upon demand. Notwithstanding any such demand, we may at any time exercise our rights hereunder should your Margin Balance fall below the applicable required Maintenance Margin In making such determination in respect of the Margin provided for any Futures Account, BloFin shall not be required to take into consideration Margin held by BloFin for you in respect of any other Account.

 

5.8 You acknowledge that Margin may be held and used to secure the performance of your obligations, as well as for such other purposes as the Applicable Laws may permit or stipulate for the relevant Transactions.

 

5.9 All Margin shall be held by BloFin as a continuing security granted by you and shall be subject to a general lien and right of set off in favor of BloFin for any and all of your obligations, liabilities or monies whatsoever at any time now or hereafter owing, due, incurred or payable by you to BloFin under these Terms or otherwise, whether present or future, actual or contingent, solely or jointly or whether as principal or surety, and BloFin may realise any of your Margin as provided for in these Terms. Subject to our rights under these Terms, BloFin will not sell, transfer, loan, hypothecate, rehypothecate or pledge any Margin allocated to your Futures Account unless such sale, transfer, loan, hypothecation, rehypothecation or pledge has been instructed by you in writing, authorised under these Terms, or compelled by a court of competent jurisdiction. BloFin is granted a first priority security interest hereunder.

 

5.10 You acknowledge and agree that no interest shall be paid by us on any type of Margin deposited by you and that we shall not have any liability for fluctuations in the fiat currency value of Margin allocated to and used in connection with your Futures Account.  We shall at no time be required to redeliver to your property which is identical to such property delivered or otherwise transferred from you to BloFin as Margin for the Futures Account. Any obligation on us to redeliver any property to you shall be satisfied if such property which is redelivered is of substantially the same kind and amount as the property delivered by you to BloFin as Margin for the Futures Account, subject to adjustments for quantity and quality variations at the market price prevailing at the time of such delivery. You acknowledge and agree that any Margin delivered by you for the Futures Account will no longer constitute your property and shall not constitute a loan by you or a constructive trust in your favor when BloFin uses the Margin for any purpose as set out in these Terms. 

 

5.11 You shall at your own cost and at our request, execute and do all such deeds, acts and things as we may require from time to time for the purposes of these Terms, including but not limited to perfecting our rights to the Margin provided by you.

 

5.12 Subject to Applicable Law, BloFin may deposit into its own general account or any other account, any of your Margin and may commingle your Margin with the Digital Assets, currencies and property of BloFin or other clients of the Futures Trading Services. 

 

6. Margin Calls and Liquidation

 

6.1 Digital Asset markets are open 24 hours a day, 7 days a week, and Margin Calls and Liquidations may occur at any time. You agree and acknowledge that the prices of Digital Assets are volatile and may experience sharp declines in value, from time to time, which could contribute to triggering Margin Calls and/or Liquidations.

 

6.2 You agree and acknowledge that, without prejudice to the generality of this Clause 6 of these Terms:

 

• You are required to allocate the Initial Margin to your Futures Account before entering into any Transaction. You will not be permitted to enter into a Transaction in the event of failure to allocate. 

 

• to maintain, at all times, sufficient Maintenance Margin for outstanding Transactions. You acknowledge and agree that it is your sole responsibility to monitor the Margin Balance and applicable Margin Requirements of your Futures Account from time to time, particularly in (but not limited to) periods of high volatility, in order to avoid Liquidation. If your Margin Balance falls below the required level, you agree to transfer additional Margin to us whether or not a Margin Call has been made to restore to the required Maintenance Margin for the outstanding Transactions. The Initial Margin and Maintenance Margin requirements shall be set out on the Platform. We may amend the maximum leverage, Initial Margin and/or Maintenance Margin requirements with respect to Transactions from time to time in our sole and absolute discretion.

 

• BloFin may calculate the profit and loss of your open positions in Futures based on a proprietary model and that BloFin has the sole discretion to choose and amend the specification of such proprietary model in order to reflect its view of the fair market price of the Futures at the relevant time;

 

• if, with respect to open positions maintained in Futures, the relevant Futures hits the Liquidation Price, BloFin will begin to automatically close out open positions without notice as soon as market conditions allow until the first of the following occurs: (i) the Margin Balance of your Futures Account is equal to, or greater than, the required Maintenance Margin for all remaining open positions (after taking into account any realized losses and deductions for liquidation clearance fees); or (ii) all open positions have been terminated;

 

• All open positions of the Futures Account shall be marked-to-market daily, or at more frequent intervals as BloFin may determine in its sole discretion. To avoid spikes and unnecessary liquidations during periods of high volatility, BloFin uses Mark Price to determine the mark-to-market value of positions, to Unrealized P/L and the Liquidation Price.

 

• Whilst the Margin Balance of your Futures Account takes into account the value of Digital Assets allocated as Margin to your Futures Account together with any Unrealized P/L and Unrealized P/L is relevant for determining Margin Calls, you shall not have any claim with respect to any Unrealized P/L and shall not be entitled to request the withdrawal of any Unrealized P/L. Any rewards or incentives to which you may be entitled from time to time with respect to Digital Assets in your Futures Account will be determined by reference to the value of the Digital Assets allocated to your Futures Account as Margin and will not take into account any Unrealized P/L included within your Margin Balance.

 

• BloFin shall be entitled to make Margin Calls to you in respect of your Transactions, which will be made through the Platform, by email or other electronic means.  Any Margin Call must be satisfied by transferring additional Margin from your Account(s) to your Futures Account. You are responsible for monitoring your Futures Account and for maintaining sufficient Margin at all times to satisfy applicable Margin Requirements, especially during volatile periods, regardless of whether or not a Margin Call has been made. Any failure to satisfy a Margin Call, or to otherwise maintain sufficient Margin in your Futures Account, may result in your positions being subject to liquidation and/or BloFin exercising its rights under these Terms. BloFin shall have no liability to you or any third party in connection with any failure of BloFin to make a Margin Call or any delay in the receipt by you of any Margin Call. 

 

• A liquidation will result in all of your open Orders (in “cross margin mode”) and all of your open Orders in the same token (in “isolated margin mode”) being immediately canceled.  BloFin is not required to provide notice before commencing liquidation. You acknowledge and agree that a liquidation clearance fee (amount to be determined by BloFin) will be charged on the amount liquidated pursuant to a liquidation.

 

• If there remain any Shortfall or amounts owing in your Account after Liquidation, such Shortfall or amounts owing shall constitute a debt to BloFin that falls due immediately and is recoverable as such. You must make payment of such debts to us by way of depositing the requisite amount of Digital Asset into your Account immediately as they fall due.

 

• Nothing in these Terms constitutes an obligation on BloFin to trigger Liquidation, and we will not be liable for any losses, costs, expenses or damages incurred or suffered by you for our failure to exercise our rights to Liquidation.

 

• You acknowledge and agree that it may be difficult or impossible to liquidate your Position under certain market conditions. In the event that market conditions make it impossible to execute Liquidation, you may be unable to limit your losses and may suffer greater losses, and we will not be liable for any losses, costs, expenses and damages incurred or suffered by you under such circumstances.

 

7. Trading Bots

 

7.1 BloFin may offer access to certain trading tools which enable you to place Orders for the execution of Transactions by way of a pre-determined execution methodology (such tools “Trading Bots”). 

 

7.2 You acknowledge and agree that you shall be solely responsible for determining whether or not you wish to make use of any Trading Bot and for selecting an appropriate Trading Bot in light of your investment objectives and needs.  You shall also be responsible for setting any parameters and/or applicable execution methodology to be applied by any Trading Bot which you have chosen and for ensuring that any such Trading Bot will be consistent with any limitations or conditions that may apply to your execution of any Transaction.  

 

7.3 We are not responsible for your choice of Trading Bot or for any selected parameters and/or execution methodology, regardless of whether such parameters were recommended or pre-populated on the Platform, and shall not be responsible for evaluating your goals in your selection or use of any Trading Bot.  You acknowledge that your use of any Trading Bot shall be at your own risk and discretion.  BloFin does not guarantee the results of any Trading Bot and will not be liable to you for any loss which might arise from your use of any Trading Bot. You acknowledge that the output and offering of any Trading Bot and any parameters recommended in connection therewith do not constitute any investment advice or any recommendation from BloFin to you, in each case relating to the use, appropriateness or suitability of any Transaction to be executed or of the applicable execution methodology.  You acknowledge that your use of any Trading Bot may be limited by Applicable Law and that you shall not provide any Order to us pursuant to the use of any Trading Bot unless you have determined that such use is consistent with Applicable Law. 

 

7.4 If we determine that any use of a Trading Bot could have an impact on the market and/or adversely impact availability of liquidity across the relevant product,  you acknowledge and agree that we may implement certain controls, which may include cancellation of Orders and/or Transactions resulting from the use of a Trading Bot and/or restricting the use and/or availability of any Trading Bot for the execution of any futures Orders and/or Transactions. You also acknowledge and agree that we may implement such controls if it determines that such controls are desirable to ensure compliance with Applicable Law, including in response to any regulatory request or restriction.

 

 

8. Default

 

8.1 Each of the following constitutes a “Default”:

 

8.1.1 Your failure to make any payment to us as stipulated in these Terms, the Term of Use and any other Legal Documents or publication as published by BloFin pertaining to the use of the Services;

 

8.1.2 Your failure to perform any obligation due to us as stipulated in these Terms, the Term of Use and any other Legal Documents or publication as published by BloFin pertaining to the use of the Services;

 

8.1.3 Where any representation or warranty made by you in these Terms is or becomes untrue;

 

8.1.4 You are or have become unable to pay your debts as and when they fall due;

 

8.1.5 In the event that you are an individual, your death or incapacity;

 

8.1.6 Where any investigation, claim, action or proceedings of any nature is commenced against you, or steps are taken by any person to enforce any security against you;

 

8.1.7 You have committed fraud or been deceitful in your dealings with us; or

 

8.1.8 Any other circumstance where BloFin reasonably believe that it is necessary or desirable to take any action to protect ourselves or all or any of our clients.

 

9 Remedies in the Event of Default

 

9.1 If an Event of Default occurs in relation to your Account with us, we may, at our absolute discretion, at any time and without prior notice, take any number of the steps below:

 

9.1.1 Suspend or freeze (indefinitely or otherwise), cancel or terminate your Account with BloFin, and accelerate all of your liabilities to BloFin such that they become immediately due and payable;

 

9.1.2 Prohibit you from setting up any Account with BloFin;

 

9.1.3 Liquidate or close out any ongoing transaction that you may have, and determining its value in good faith and in its discretion as at the date of the closing and applying any amounts standing to your credit against any amounts which you owe to BloFin, which shall include without limitation any fees, charges or costs incurred by us;

 

9.1.4 Act or omit to act in manners which BloFin reasonably believes to be necessary or desirable to protect ourselves or all or any of our clients.

 

9.1.5 For the avoidance of doubt, nothing in these Terms constitutes an obligation on BloFin to take any of the steps set out herein if an Event of Default occurs, and we shall not be liable for and losses, costs, expenses or damages incurred by you as a result of our failure to act on our rights.

 

9.1.6 You acknowledge and agree that Liquidation or closing out transactions may result in your Positions being closed in tranches at different values, such that it consequently results in an aggregate closing level that may translate into further losses being incurred by you. You acknowledge and agree that we shall not have any liability to you in such a scenario.

 

9.1.7 Our rights herein shall be in addition to, and not in limitation or exclusion of, any other rights which we may have, whether by Terms, operation of law or otherwise.

  

10 Miscellaneous

 

10.1 The contents of these Terms also include BloFin's various system specifications, other Terms or rules in the connection with these Terms, and other relevant Terms and rules regarding the Service that BloFin may issue from time to time. Once the aforementioned content is officially released, it shall become an integral part of these Terms and the corresponding Legal Documents, and you shall also abide by it. In the event of any conflict between the aforementioned content and these Terms, these Terms shall prevail.

 

10.2 BloFin reserves the right to unilaterally modify these Terms (including the aforementioned contents) if necessary. Such modification may happen at any time without prior notice. If any changes are made, the revised contents may be posted on the BloFin's website or other application of the Platform. Please regularly check the latest information posted therein to inform yourself of any changes. Your continued use of or access to the Service following the posting of any changes constitutes acceptance of those changes. If you do not accept the revised content, please stop using the Services.

 

10.3 You shall carefully read these Terms and applicable Legal Documents. If there is anything that you do not understand in the Terms and/or any document referred to herein, you should contact BloFin and seek clarification. Unless otherwise instructed by BloFin, any formal communication and document transfer between you and BloFin shall be undertaken through email. You may also be able to contact BloFin though online customer service portal as a form of informal communication. Any formal communication between you and BloFin should, unless otherwise agreed, be made in the English language. In the event of any discrepancy between the communication in English and that in a foreign language, the English version shall prevail. In the event of any discrepancy between any formal and/or informal communications and the Terms, the Terms shall prevail.

 

10.4 The User acknowledges and agrees that no information provided by BloFin, notwithstanding whether included in these Terms or any other document or statement, shall be deemed as business, legal, financial or tax advice. The User may and should consult his own business, legal, financial or tax advisers regarding especially, inter alia, the individual chances, opportunities, risks, obligations or further costs arising from the reception of and in connection with Digital Assets under this This Service. BloFin is not your broker, dealer, agent or consultant. The User acknowledges and agrees that in any transactions or other decisions or activities through which you use any BloFin Services, BloFin does not have a fiduciary relationship or fiduciary duty with you. No communication or information provided by BloFin to you, notwithstanding whether included in these Terms or any other document or statement, shall be deemed, considered or interpreted as investment advice, business advice, legal advice, financial advice, tax advice, trading advice or any other type of advice. You shall determine whether any investment, investment strategy or related transaction is appropriate for you based on your personal investment objectives, financial condition and risk tolerance, and you shall be solely responsible for any and all Losses or liabilities. You should consult your own business, legal, financial or tax advisers regarding especially, inter alia, the individual chances, opportunities, risks, obligations or further costs arising from using this Service. BloFin does not recommend you to buy, sell, transfer or hold any Digital Assets. Before making a decision to buy, sell, transfer or hold any Digital Assets, you shall conduct due diligence and consult your financial advisor before making any investment decision. BloFin shall not be responsible for your decision to buy, sell, transfer or hold Digital Assets based on the information provided by BloFin.

 

10.5 Any links to third-party websites in BloFin services do not mean that BloFin endorses any products, services, information and disclaimers provided therein, and BloFin does not guarantee the accuracy of the information contained therein. BloFin shall not be liable for any losses caused by your use of such third party products and services. In addition, BloFin has no control over the terms of use or privacy policies of third party websites. Once you use this Service, it usually means that you know, understand and agree to all the terms of service, Privacy Notice and relevant transaction and operation rules (as amended from time to time) on third party websites. BloFin and each third party website operator are independent legal entities, and these Terms shall not constitute any form of agency, partnership or cooperative relationship between the parties. Each third party website operator shall be responsible for their respective claims, debts, and disputes arising from the performance of their respective contracts and agreements.

 

10.6 BloFin has the sole and final discretion to interpret these Terms.