Cryptocurrencies. 35.1. The Company may, at its sole discretion, offer CFDs on cryptocurrencies for trading on its Online Trading Facility, from time to time. Cryptocurrencies, when used in this Agreement, unless the context otherwise requires, shall mean a type of decentralized digital currency or asset which is not issued by any central bank or issuer in which encryption techniques are used to facilitate the generation of units of the currency or asset and verify the transfer of units (“Cryptocurrencies”).
35.2. You hereby acknowledge and accept that Cryptocurrencies are traded on non- regulated decentralized digital exchanges and that there is no specific European regulatory framework governing the trading in Cryptocurrencies. As such, Cryptocurrencies are not recognized as Financial Instruments under MiFID and trading in CFDs on Cryptocurrencies falls outside the scope of MiFID and of the Company’s MiFID regulated activities. Accordingly, the price formation and price movements of these products depend solely on the internal rules of the digital exchange which may be subject to change at any point in time and without prior notice. In this respect, you further acknowledge and accept that this may often lead to wide fluctuation (i.e. high volatility) in the prices of these products, which may be substantially higher compared to the Financial Instruments offered by the Company that are under the scope of MiFID and may result in significant loss over a short period of time.
35.3. The market and pricing data on Cryptocurrencies are derived from the digital decentralized exchanges that the Cryptocurrencies are traded on. Since the market and data pricing formation rules on Cryptocurrencies, provided by such exchanges, are not subject to any regulatory supervision, they may be subject to changes in the relevant digital exchange’s discretion at any time. Likewise, such digital exchanges may introduce trading suspensions or take other actions that may result in the suspension or cessation of trading on such exchanges or the price and market data feed becoming unavailable to us. The above factors could result in material adverse effect on your open positions, including the loss of all your invested capital. Where a temporary or permanent disruption to or cessation of trading occurs on any digital exchange from which we derive our price feeds for the relevant Cryptocurrency, your positions in such Cryptocurrency will be priced at the last available price for the relevant Cryptocur...
Cryptocurrencies. 1.1 Point offers its Clients, CFDs on Cryptocurrencies for trading on its Online Platforms. CFDs in general are high risk and complex financial instruments, which allow you to speculate on the price of an underlying asset. CFDs are offered with leverage, which means you only need to put down a small portion of the investment’s total notional value, known as the ‘margin’, and the CFD provider loans you the rest. However leverage also magnifies the impact of price changes on both your profits and losses. This means you can lose money very rapidly. Therefore, leveraged trading can be risky as losses may exceed your initial outlay.
1.2 CFD Cryptocurrencies are types of decentralized digital or virtual currency, or asset which is not issued by any central bank, government or other issuer, in which encryption techniques are used to facilitate the generation of units of the currency, or asset and verify the transfer of units.
1.3 CFD Cryptocurrencies allow investors to speculate on a change in price of a cryptocurrency such as Bitcoin or Ethereum. CFD Cryptocurrencies can experience significant price volatility, which in combination with leverage, places you at risk of suffering significant losses. Cryptocurrency CFDs are an extremely high-risk, speculative investment. You should understand the risks involved and fully consider whether investing in CFD Cryptocurrency is appropriate for you. You should seek independent legal advice if you are in any doubt and before making any investment decisions.
Cryptocurrencies. 12.1. The Company’s platform allows the Client to submit the Orders to buy or sell CFDs on Cryptocurrencies.
12.2. The Company has the right to change the Cryptocurrency offered for trading from time to time at its sole discretion without providing any prior notice.
12.3. The Cryptocurrency services offered by the Company are differentiated depending on the type of position the Client enters into, their country of residence and the date on which they entered into their position. In this respect, some trades, including historical open trades, in Cryptocurrency may not be carried out through the Company’s trading service and will instead be carried out as CFD trades. If the transaction the Client enters into is a cryptocurrency CFD, this will be specified on the transaction platform and/or their account statement.
12.4. The Client recognizes that the Order should only be submitted after careful consideration and the Client understands and accepts the consequences of its execution. The Client agrees that as soon as the Order is executed, such transaction is irreversible and may not be cancelled. Transactions will be executed instantly upon the matching of the Buyer's and the Seller's Orders without prior notice to the Seller and the Buyer and will be considered to have taken place at the execution date and time.
12.5. The Company’s cryptocurrency trading service is an unregulated service which is not governed by a certain regulatory framework. In this respect, no central bank can issue more currency or take corrective measures to protect the value of the Cryptocurrency in a crisis. The Company will endeavour to enable the Client to benefit from rules relating to best execution and safekeeping of client assets to the extent required by applicable rules.
12.6. The Company’s cryptocurrency trading is not appropriate for everyone. Cryptocurrencies are volatile products, which means the prices of the products can change rapidly and are therefore unpredictable. Due to these price fluctuations, the Client’s holdings may significantly increase or decrease in value at any given moment, and this may result in a loss of all the capital they have invested in a transaction.
12.7. The Client should only use the Company’s cryptocurrency trading service if:
12.7.1. they have sufficient and relevant knowledge about or experience in, trading in volatile markets;
12.7.2. they are trading with money they can afford to lose;
12.7.3. they have a high-risk tolerance;
12.7.4. they w...
Cryptocurrencies. 4.1 You must not mine, buy, sell, exchange, hold, own or otherwise use or exploit Cryptocurrencies in any way which is prohibited by the laws or regulations which apply to you.
4.2 Cryptocurrencies may not be appropriate for everyone. Before mining any Cryptocurrencies you should learn about them to ensure that they are appropriate for you. Like all currencies, there are disadvantages to using Cryptocurrencies.
4.3 Some of the risks particular to Cryptocurrencies include: currency fluctuation - the price of Bitcoin and/or any other Cryptocurrency may fall sharply and may even fall to zero; transactions with Cryptocurrencies may be unconfirmed for a period of time. Although very unlikely, some Cryptocurrency transactions may never be confirmed - Cryptocurrency transactions which are unconfirmed are not completed; transactions with Cryptocurrencies are irreversible - if you send any amount of any Cryptocurrency to the wrong person, you may be unable to recover those funds; Cryptocurrencies may be lost if you lose or forget any PINs or passwords necessary to access and spend those Cryptocurrencies; unknown technical defects inherent in Cryptocurrencies; and new regulation which impacts the use of Cryptocurrencies.
4.4 By agreeing to these terms of service or by mining Cryptocurrencies by using the Service, you are indicating that you understand, are capable of understanding and accept the risks associated with Cryptocurrencies.
Cryptocurrencies. 5.1 Some of the risks particular to Cryptocurrencies include: currency fluctuation – the price of Bitcoin and/or any other Cryptocurrency may fall sharply and may even fall to zero; transactions with Cryptocurrencies may be unconfirmed for a period of time. Although very unlikely, some Cryptocurrency transactions may never be confirmed – Cryptocurrency transactions which are unconfirmed are not completed; transactions with Cryptocurrencies are irreversible – if you send any amount of any Cryptocurrency to the wrong person, you may be unable to recover those funds; Cryptocurrencies may be lost if you lose or forget any PINs or passwords necessary to access and spend those Cryptocurrencies; unknown technical defects inherent in Cryptocurrencies; and new regulation which impacts the use of Cryptocurrencies.
5.2 By agreeing to these terms of service or by using the service, you are indicating that you understand, are capable of understanding and accept the risks associated with Cryptocurrencies.
Cryptocurrencies. No Company has ever (a) owned any Bitcoin, Ether or other cryptocurrencies (“Cryptocurrencies”), (b) processed Cryptocurrencies on behalf of any Customers or (c) been a party to any Contracts with any processor, exchange or wallet of or for Cryptocurrencies.
Cryptocurrencies. We are free to add, remove or (temporarily) suspend trading in a particular cryptocurrency to our Platform at our sole discretion. To the extent possible, we will give advance notice of a decision to do so. Upon the removal of, or temporary suspension of trading in a cryptocurrency on our Platform, we will, to the extent possible, set a time limit within which we will allow you to sell the cryptocurrencies on our Platform. We strive to announce this - to the extent possible - 30 days in advance. In cases of Force Majeure or if this is necessary in connection with laws and regulations, this period may be shorter. In that case we will inform you prior to the sale about the period that will apply. Should you not have sold the cryptocurrency - as a result of the announcement that a cryptocurrency will be permanently withdrawn from our Platform - within the stipulated period mentioned in paragraph 3, we are entitled to sell these cryptocurrencies for you and on your behalf after the stipulated period (to the extent that it is still possible to do so) and to increase the Funds by this value. We are authorized to determine the exact time for this. You can also request us via email to transfer the cryptocurrencies to your own wallet during the relevant period, where the wallet must meet conditions set by xxxxxxx. xxxxxxx charges transaction and administration fees for this. xxxxxxx may refuse such a request if xxxxxxx is not permitted to carry out such a transaction on the basis of laws and regulations or instructions from licensed authorities, or to the extent that the User has not responded in a timely, accurate and/or complete manner. In the event of temporary suspension of trading in a cryptocurrency, we will hold the cryptocurrency on your behalf. If a temporary suspension leads to the permanent removal of the cryptocurrency, you authorize us to sell it for you and to increase the Funds by this value. We are not liable for any damages as a result of the addition or non-addition of a cryptocurrency to our Platform, the (temporary) unavailability of a cryptocurrency and/or the removal of a cryptocurrency on xxxxxxx 's Platform, except in the case of intent or gross negligence on our part or on the part of parties appointed by us.
Cryptocurrencies
