// Legal

> Risk Disclosure

Please read carefully before trading.

Trading digital assets and derivatives involves substantial risk. You may lose your entire balance.

Market risk

Crypto markets are highly volatile. Prices can move 10%+ in minutes. Past performance is not indicative of future results.

Leverage risk

Perpetual futures amplify gains and losses. At 100× leverage a 1% adverse move liquidates your position. Use leverage with extreme care.

Liquidity risk

Long-tail markets may have thin orderbooks. Slippage on large orders can be material. We are not a market maker of last resort.

Technology risk

Exchanges, wallets and blockchains can fail. We maintain redundancy and an insurance fund but cannot guarantee uninterrupted operation.

Regulatory risk

Regulation of digital assets is evolving. Some assets or services may become unavailable in your jurisdiction.

Prediction-market risk

Outcomes may be ambiguous or contested. Resolution is governed by the published market rules. You should never bet more than you can afford to lose.