Dear User:
Megabit’s futures trading involves cryptocurrency derivatives and carries high leverage and high risk. Before engaging in futures trading, it is crucial to fully understand the risks associated with futures trading and Megabit’s trading rules. By initiating futures trading, you acknowledge that you fully understand and accept the risks associated with it.
The risks associated with futures trading include, but are not limited to:
1. Price Fluctuation Risk
Cryptocurrency prices are influenced by various factors and exhibit high volatility. Investors may find it challenging to fully grasp market movements. Without effective risk management, significant losses can occur, and investors are responsible for any resulting losses.
2. Forced Liquidation Risk
Futures trading involves high leverage, which can lead to rapid gains or losses. If the market moves against your position, substantial losses can occur. Investors need to consider adding margin or reducing positions; otherwise, they may face forced liquidation, with all losses borne by the investor.
3. Trading Risk
Once an order is executed in Megabit’s trading system, it is irrevocable. Investors must accept the risks associated with this execution method. The exchange does not guarantee profits and will not share profits or bear risks with investors.
4. Regulatory Risk
Cryptocurrency derivative trading may face regulatory risks. Investors should be aware of the regulatory environment in their trading jurisdiction and make prudent decisions before trading.
5. Force Majeure Risks
Events such as earthquakes, floods, fires, or technical failures in computing or communication systems may prevent orders from being executed or completed. Investors must bear any losses resulting from such events.
6. Other Risks
High leverage increases individual and market risks. The platform will monitor the positions of users using high leverage. If the platform determines that a position may significantly impact market stability, it may take measures, including but not limited to risk notifications, forced position reductions, forced liquidation, or order cancellations, and will provide written explanations.
Please ensure that you fully understand and assess these risks before trading.
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