These Stex Terms of Use is entered into between you (hereinafter referred to as \u201cyou\u201d or \u201cyour\u201d) and Stex operators (as defined below). By accessing, downloading, using or clicking on \u201cI agree\u201d to accept any Stex Services (as defined below) provided Stex (as defined below), you agree that you have read, understood and accepted all of the terms and conditions stipulated in these Terms of Use (hereinafter referred to as \u201cthese Terms\u201d) as well as our Privacy Policy at\u00a0www.stex-us.com\/privacy-policy. In addition, when using some features of the Services, you may be subject to specific additional terms and conditions applicable to those features.<\/p>\n\n\n\n
Please read the terms carefully as they govern your use of Stex Services.THESE TERMS CONTAIN IMPORTANT PROVISIONS INCLUDING AN ARBITRATION PROVISION THAT REQUIRES ALL CLAIMS TO BE RESOLVED BY WAY OF LEGALLY BINDING ARBITRATION<\/strong>.The terms of the arbitration provision are set forth in Article 10, \u201cResolving Disputes: Forum, Arbitration, Class Action Waiver\u201d, hereunder. As with any asset, the values of Digital Currencies (as defined below) may fluctuate significantly and there is a substantial risk of economic losses when purchasing, selling, holding or investing in Digital Currencies and their derivatives.BY MAKING USE OF\u00a0STEX \u00a0SERVICES, YOU ACKNOWLEDGE AND AGREE THAT: (1) YOU ARE AWARE OF THE RISKS ASSOCIATED WITH TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR DERIVATIVES; (2) YOU SHALL ASSUME ALL RISKS RELATED TO THE USE OF\u00a0Stex \u00a0SERVICES AND TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR DERIVATIVES; AND (3)\u00a0Stex \u00a0SHALL NOT BE LIABLE FOR ANY SUCH RISKS OR ADVERSE OUTCOMES<\/strong>.<\/p>\n\n\n\n By accessing, using or attempting to use Stex Services in any capacity, you acknowledge that you accept and agree to be bound these Terms. If you do not agree, do not access Stex or utilize Stex services.<\/p>\n\n\n\n If you would like to know more about the risks associated with investing in or trading Digital Assets, you can access our General Risk Warning at\u00a0www.stex-us.com\/en\/risk-warning<\/a>.<\/p>\n\n\n\n 1. Stex<\/strong> refers to an ecosystem comprising\u00a0Stex<\/strong>\u00a0websites (whose domain names include but are not limited to\u00a0https:\/\/www.<\/a>stex<\/strong><\/a>.exchange<\/a>), mobile applications, clients, applets and other applications that are developed to offer Stex Services, and includes independently-operated platforms, websites and clients within the ecosystem (e.g. Stex\u2019s Open Platform, Stex Launchpad, Stex Labs, Stex Charity, Stex DEX, Stex X, JEX, Trust Wallet, and fiat gateways). In case of any inconsistency between relevant terms of use of the above platforms and the contents of these Terms, the respective applicable terms of such platforms shall prevail.<\/p>\n\n\n\n 2.\u00a0Stex\u00a0Accounts<\/strong>\u00a0refer to the foundational virtual accounts, including main accounts and subaccounts, which are opened\u00a0Stex <\/strong>for Users to record on\u00a0Stex <\/strong>their usage of\u00a0Stex <\/strong>Services, transactions, asset changes and basic information.\u00a0Stex<\/strong>\u00a0Accounts serve as the basis for Users to enjoy and exercise their rights on Stex.<\/p>\n\n\n\n 3.\u00a0Stex Operators<\/strong>\u00a0refer to all parties that run Stex, including but not limited to legal persons (including Stex UAB), unincorporated organizations and teams that provide Stex Services and are responsible for such services. For convenience, unless otherwise stated, references to \u201cStex \u201d and \u201cwe\u201d in these Terms specifically mean Stex Operators.\u00a0UNDER THESE TERMS, STEX OPERATORS MAY CHANGE AS\u00a0STEX <\/strong>\u2018S\u00a0BUSINESS ADJUSTS, IN WHICH CASE, THE CHANGED OPERATORS SHALL PERFORM THEIR OBLIGATIONS UNDER THESE TERMS WITH YOU AND PROVIDE SERVICES TO YOU, AND SUCH CHANGE DOES NOT AFFECT YOUR RIGHTS AND INTERESTS UNDER THESE TERMS. ADDITIONALLY, THE SCOPE OF\u00a0STEX \u00a0OPERATORS MAY BE EXPANDED DUE TO THE PROVISION OF NEW\u00a0STEX \u00a0SERVICES, IN WHICH CASE, IF YOU CONTINUE TO USE\u00a0STEX \u00a0SERVICES, IT IS DEEMED THAT YOU HAVE AGREED TO JOINTLY EXECUTE THESE TERMS WITH THE NEWLY ADDED\u00a0STEX\u00a0OPERATORS. IN CASE OF A DISPUTE, YOU SHALL DETERMINE THE ENTITIES BY WHICH THESE TERMS ARE PERFORMED WITH YOU AND THE COUNTERPARTIES OF THE DISPUTE, DEPENDING ON THE SPECIFIC SERVICES YOU USE AND THE PARTICULAR ACTIONS THAT AFFECT YOUR RIGHTS OR INTERESTS<\/strong>.<\/p>\n\n\n\n 4. Stex Services<\/strong>\u00a0refer to various services provided to you\u00a0Stex <\/strong>that are based on Internet and\/or blockchain technologies and offered via\u00a0Stex <\/strong>websites, mobile applications, clients and other forms (including new ones enabled future technological development).\u00a0Stex <\/strong>Services include but are not limited to such\u00a0Stex <\/strong>ecosystem components as Digital Asset Trading Platforms, the financing sector,\u00a0Stex<\/strong>\u00a0Labs,\u00a0Stex <\/strong>Academy,\u00a0Stex <\/strong>Charity,\u00a0Stex<\/strong>\u00a0Info,\u00a0Stex <\/strong>Launchpad,\u00a0Stex <\/strong>Research,\u00a0Stex<\/strong>\u00a0Chain,\u00a0Stex <\/strong>X,\u00a0Stex<\/strong>\u00a0Fiat Gateway, existing services offered Trust Wallet and novel services to be provided\u00a0Stex<\/strong>.<\/p>\n\n\n\n 5.\u00a0Stex\u00a0Platform Rules<\/strong>\u00a0refer to all rules, interpretations, announcements, statements, letters of consent and other contents that have been and will be subsequently released\u00a0Stex<\/strong>, as well as all regulations, implementation rules, product process descriptions, and announcements published in the Help Center or within products or service processes.<\/p>\n\n\n\n 6. SUSD<\/strong>\u00a0means\u00a0STEX<\/strong>\u00a0USD, a US dollar denominated and backed stablecoin managed Paxos Trust Company, LLC.<\/p>\n\n\n\n 7. Collateral Accounts<\/strong>\u00a0refer to special accounts opened Users on\u00a0Stex<\/strong>\u00a0to deposit and withdraw collateral (such as margins) in accordance with these Terms (including the\u00a0Stex<\/strong>\u00a0Contract Services Agreement and\u00a0Stex<\/strong>\u00a0Platform Rules), as required for contract transactions, leveraged trading and\/or currency borrowing services.<\/p>\n\n\n\n 8. Conversion Inception Date<\/strong>\u00a0means the date, specified\u00a0Stex<\/strong>, on which the Designated Stablecoin Conversion will commence.<\/p>\n\n\n\n 9. Crypto-to-crypto Trading<\/strong> refers to spot transactions in which one digital currency is exchanged for another digital currency.<\/p>\n\n\n\n 10. Designated Stablecoin<\/strong>\u00a0means each of USD Coin (USDC), Pax Dollar (USDP), TrueUSD (TUSD) and any other Digital Asset\u00a0Stex<\/strong>\u00a0may designate as such from time to time, provided that\u00a0Stex<\/strong>\u00a0may remove any Digital Asset from the scope of this definition at any time without prior notice.<\/p>\n\n\n\n 11. Designated Stablecoin Conversion<\/strong>\u00a0means, in respect of each Designated Stablecoin, the automatic conversion of that Designated Stablecoin into SUSD upon deposit or transfer into your\u00a0Stex<\/strong>\u00a0Account or the conversion of SUSD into that Designated Stablecoin in connection with a withdrawal request.<\/p>\n\n\n\n 12. Digital Currencies<\/strong> refer to encrypted or digital tokens or cryptocurrencies with a certain value that are based on blockchain and cryptography technologies and are issued and managed in a decentralized form.<\/p>\n\n\n\n 13. Digital Assets<\/strong> refer to Digital Currencies, their derivatives or other types of digitalized assets with a certain value.<\/p>\n\n\n\n 14. Fiat Trading<\/strong> refers to spot transactions in which Digital Currencies are exchanged for fiat currencies or vice versa.<\/p>\n\n\n\n 15. KYC<\/strong>\u00a0refers to the \u201cknow-your-customer\u201d process that\u00a0Stex<\/strong>\u00a0has put in place before entering into a business relationship or conducting transactions with its Users. As part of this process,\u00a0Stex <\/strong>may do anything that it deems necessary in order to identify Users, verify their identity, scrutinize and investigate User transactions, or comply with any applicable law or regulation.<\/p>\n\n\n\n 16. Loan\/Lending<\/strong>\u00a0refers to\u00a0Stex<\/strong>\u2018s lending of Digital Currencies to Users at an interest collected in certain ways (in the form of Digital Currencies), including but not limited to the leveraged trading and currency lending services currently offered, and other forms of loan\/lending services to be launched Stex.<\/p>\n\n\n\n 17. Users<\/strong>\u00a0refer to all individuals, institutions or organizations that access, download or use\u00a0Stex <\/strong>or\u00a0Stex <\/strong>Services and who meet the criteria and conditions stipulated\u00a0Stex<\/strong>. If there exist other agreements for such entities as developers, distributors, market makers, and Digital Currencies exchanges, such agreements shall be followed.<\/p>\n\n\n\n 1. About These Terms<\/strong><\/p>\n\n\n\n a. Contractual Relationship<\/strong><\/p>\n\n\n\n These Terms constitute a legal agreement and create a binding contract between you and Stex Operators.<\/p>\n\n\n\n b. Supplementary Terms<\/strong><\/p>\n\n\n\n Due to the rapid development of Digital Currencies and Stex, these Terms between you and Stex Operators do not enumerate or cover all rights and obligations of each party, and do not guarantee full alignment with needs arising from future development. Therefore,THE PRIVACY POLICY (\uff08\uff09),\u00a0STEX \u00a0PLATFORM RULES, AND ALL OTHER AGREEMENTS ENTERED INTO SEPARATELY BETWEEN YOU AND\u00a0STEX \u00a0ARE DEEMED SUPPLEMENTARY TERMS THAT ARE AN INTEGRAL PART OF THESE TERMS AND SHALL HAVE THE SAME LEGAL EFFECT. YOUR USE OF STEX SERVICES IS DEEMED YOUR ACCEPTANCE OF THE ABOVE SUPPLEMENTARY TERMS.<\/strong><\/p>\n\n\n\n c. Changes to These Terms<\/strong><\/p>\n\n\n\n Stex reserves the right to change or modify these Terms in its discretion at any time. Stex will notify such changes updating the terms on its website () and modifying the [Last revised] date displayed on this page.\u3002ANY AND ALL MODIFICATIONS OR CHANGES TO THESE TERMS WILL BECOME EFFECTIVE UPON PUBLICATION ON THE WEBSITE OR RELEASE TO USERS. THEREFORE, YOUR CONTINUED USE OF\u00a0STEX \u00a0SERVICES IS DEEMED YOUR ACCEPTANCE OF THE MODIFIED AGREEMENT AND RULES. IF YOU DO NOT AGREE TO ANY CHANGES TO THESE TERMS, YOU MUST STOP USING\u00a0Stex \u00a0SERVICES IMMEDIATELY. YOU ARE RECOMMENDED TO FREQUENTLY REVIEW THESE TERMS TO ENSURE YOUR UNDERSTANDING OF THE TERMS AND CONDITIONS THAT APPLY TO YOUR ACCESS TO AND USE OF\u00a0Stex \u00a0SERVICES.<\/strong><\/p>\n\n\n\n d. Prohibition of Use<\/strong><\/p>\n\n\n\n BY ACCESSING AND USING\u00a0STEX \u00a0SERVICES, YOU REPRESENT AND WARRANT THAT YOU HAVE NOT BEEN INCLUDED IN ANY TRADE EMBARGOES OR ECONOMIC SANCTIONS LIST (SUCH AS THE UNITED NATIONS SECURITY COUNCIL SANCTIONS LIST), THE LIST OF SPECIALLY DESIGNATED NATIONALS MAINTAINED BY OFAC (THE OFFICE OF FOREIGN ASSETS CONTROL OF THE U.S. DEPARTMENT OF THE TREASURY), OR THE DENIED PERSONS OR ENTITY LIST OF THE U.S. DEPARTMENT OF COMMERCE.\u00a0Stex \u00a0RESERVES THE RIGHT TO CHOOSE MARKETS AND JURISDICTIONS TO CONDUCT BUSINESS, AND MAY RESTRICT OR REFUSE, IN ITS DISCRETION, THE PROVISION OF\u00a0Stex \u00a0SERVICES IN CERTAIN COUNTRIES OR REGIONS.<\/strong><\/p>\n\n\n\n 2. About Stex <\/strong><\/p>\n\n\n\n As an important part of the Stex Ecosystem, Stex mainly serves as a global online platform for Digital Assets trading, and provides Users with a trading platform, financing services, technical services and other Digital Assets-related services. As further detailed in Article 3 below, Users must register and open an account with Stex , and deposit Digital Assets into their account prior to trading. Users may, subject to the restrictions set forth in these Terms, apply for the withdrawal of Digital Assets.<\/p>\n\n\n\n Although Stex has been committed to maintaining the accuracy of the information provided through Stex Services, Stex cannot and does not guarantee its accuracy, applicability, reliability, integrity, performance or appropriateness, nor shall Stex be liable for any loss or damage that may be caused directly or indirectly your use of these contents. The information about Stex Services may change without notice, and the main purpose of providing such information is to help Users make independent decisions. Stex does not provide investment or consulting advice of any kind, and is not responsible for the use or interpretation of information on Stex or any other communication medium. All Users of Stex Services must understand the risks involved in Digital Assets trading, and are recommended to exercise prudence and trade responsibly within their own capabilities.<\/p>\n\n\n\n 3. Stex Account Registration and Requirements<\/strong><\/p>\n\n\n\n a. Registration<\/strong><\/p>\n\n\n\n All Users must apply for a Stex Account at (https:\/\/dashboard.Stex .us\/register) before using Stex Services. When you register a Stex Account, you must provide the information identified in this paragraph 3 or otherwise as requested Stex , and accept these Terms, the Privacy Policy, and other Stex Platform Rules. Stex may refuse, in its discretion, to open a Stex Account for you. You agree to provide complete and accurate information when opening a Stex Account, and agree to timely update any information you provide to Stex to maintain the integrity and accuracy of the information. Each User (including natural person, business or legal entity) may maintain only one main account at any given time. However, Users can open one or more subaccounts under the main account with the consent of Stex . For certain Stex Services, you may be required to set up a specific account independent from your Stex Account, based on the provisions of these Terms or the Supplementary Terms. The registration, use, protection and management of such trading accounts are equally governed the provisions of this Section and Section VI, unless otherwise stated in these Terms or the Supplementary Terms.<\/p>\n\n\n\n b. Eligibility<\/strong><\/p>\n\n\n\n By registering to use a Stex Account, you represent and warrant that: (i) as an individual, you are at least 18 or are of legal age to form a binding contract under applicable laws; (ii) as an individual, legal person, or other organization, you have full legal capacity and sufficient authorizations to enter into these Terms; (iii) you have not been previously suspended or removed from using the Stex Platform or the Stex Services; (iv) you do not have an existing Stex Account; (v) you are not resident, located in or otherwise attempting to access the Stex Platform or the Stex Services from, or otherwise acting on behalf of a person or legal entity that is resident or located in, a Restricted Location. For the purposes hereof, \u201cRestricted Location\u201d shall include the United States, Malaysia, Ontario (Canada), and such other locations as designated Stex Operators from time to time as a \u201cRestricted Location\u201d for the purposes hereof; (vi) if you act as an employee or agent of a legal entity, and enter into these Terms on their behalf, you represent and warrant that you have all the necessary rights and authorizations to bind such legal entity and to access and use the Stex Platform and Stex Services on behalf of such legal entity; and (vii) your use of the Stex Platform and the Stex Services will not violate any and all laws and regulations applicable to you or the legal entity on whose behalf you are acting, including but not limited to regulations on anti-money laundering, anti-corruption, and counter-terrorist financing.<\/p>\n\n\n\n Please note that there are legal requirements in various countries which may restrict the products and services that Stex Operators can lawfully provide. Accordingly, some products and services and certain functionality within the Stex Platform may not be available or may be restricted in certain jurisdictions or regions or to certain users. You shall be responsible for informing yourself about and observing any restrictions and\/or requirements imposed with respect to the access to and use of the Stex Platform and the Stex Services in each country from which the Stex Platform and the Stex Services are accessed you or on your behalf. Stex Operators reserve the right to change, modify or impose additional restrictions with respect to the access to and use of the Stex Platform and\/the Stex Services from time to time at their discretion at any time without prior notification.<\/p>\n\n\n\n c. User Identity Verification<\/strong><\/p>\n\n\n\n Your registration of an account with Stex will be deemed your agreement to provide required personal information for identity verification. Such information will be used to verify Users\u2019 identity, identify traces of money laundering, terrorist financing, fraud and other financial crimes through Stex , or for other lawful purposes stated Stex . We will collect, use and share such information in accordance with our Privacy Policy. In addition to providing such information, you agree to allow us to keep a record of that information during the period for which your account is active and within five (5) years after your account is closed, in compliance with global industry standards on data storage. You also authorize us to conduct necessary investigations directly or through a third party to verify your identity or protect you and\/or us from financial crimes, such as fraud. The information we require to verify your identity may include, but is not limited to, your name, email address, contact information, phone number, username, government-issued ID, date of birth, and other information collected during account registration. When providing the required information, you confirm it is true and accurate.AFTER REGISTRATION, YOU MUST ENSURE THAT THE INFORMATION IS TRUE, COMPLETE, AND TIMELY UPDATED WHEN CHANGED. IF THERE ARE ANY GROUNDS FOR BELIEVING THAT ANY OF THE INFORMATION YOU PROVIDED IS INCORRECT, FALSE, OUTDATED OR INCOMPLETE, Stex RESERVES THE RIGHT TO SEND YOU A NOTICE TO DEMAND CORRECTION, DIRECTLY DELETE THE RELEVANT INFORMATION, AND, AS THE CASE MAY BE, TERMINATE ALL OR PART OF Stex SERVICES WE PROVIDE FOR YOU. IF WE ARE UNABLE TO REACH YOU WITH THE CONTACT INFORMATION YOU PROVIDED, YOU SHALL BE FULLY LIABLE FOR ANY LOSS OR EXPENSE CAUSED TO Stex DURING YOUR USE OF Stex SERVICES. YOU HEREBY ACKNOWLEDGE AND AGREE THAT YOU HAVE THE OBLIGATION TO UPDATE ALL THE INFORMATION IF THERE IS ANY CHANGE.BY REGISTERING AN ACCOUNT, YOU HEREBY AUTHORIZE Stex TO CONDUCT INVESTIGATIONS THAT Stex CONSIDERS NECESSARY, EITHER DIRECTLY OR THROUGH A THIRD PARTY, TO VERIFY YOUR IDENTITY OR PROTECT YOU, OTHER USERS AND\/OR Stex FROM FRAUD OR OTHER FINANCIAL CRIMES, AND TO TAKE NECESSARY ACTIONS BASED ON THE RESULTS OF SUCH INVESTIGATIONS. YOU ALSO ACKNOWLEDGE AND AGREE THAT YOUR PERSONAL INFORMATION MAY BE DISCLOSED TO CREDIT BUREAUS AND AGENCIES FOR FRAUD PREVENTION OR FINANCIAL CRIME PREVENTION, WHICH MAY RESPOND TO OUR INVESTIGATIONS IN FULL.<\/strong><\/p>\n\n\n\n d. Account Usage Requirements<\/strong><\/p>\n\n\n\n The Stex Account can only be used the account registrant. Stex reserves the right to suspend, freeze or cancel the use of Stex Accounts persons other than account registrant. If you suspect or become aware of any unauthorized use of your username and password, you should notify Stex immediately. Stex assumes no liability for any loss or damage arising from the use of Stex Account you or any third party with or without your authorization.<\/p>\n\n\n\n e. Account Security<\/strong><\/p>\n\n\n\n Stex has been committed to maintaining the security of User entrusted funds, and has implemented industry standard protection for Stex Services. However, the actions of individual Users may pose risks. You shall agree to treat your access credentials (such as username and password) as confidential information, and not to disclose such information to any third party. You also agree to be solely responsible for taking the necessary security measures to protect your Stex Account and personal information.<\/p>\n\n\n\n You should be solely responsible for keeping safe of your Stex Account and password, and be responsible for all the transactions under your Stex Account. Stex assumes no liability for any loss or consequences caused authorized or unauthorized use of your account credentials, including but not limited to information disclosure, information release, consent or submission of various rules and agreements clicking on the website, online agreement renewal, etc.<\/p>\n\n\n\n By creating a Stex Account, you hereagree that:<\/p>\n\n\n\n Upon completion of the registration and identity verification for your Stex Account, you may use various Stex Services, including but not limited to, Crypto-to-crypto Trading, Fiat Trading, contract trading, leveraged trading, Stex Savings services, staking, acquiring market-related data, research and other information released Stex , participating in User activities held Stex , etc., in accordance with the provisions of these Terms (including Stex Platform Rules and other individual agreements). Stex has the right to:<\/p>\n\n\n\n Stex has the exclusive authority to determine which Digital Assets are listed on the platform and may add or remove Digital Assets from the platform in its sole discretion, from time to time. Stex may also change the order size available for each Digital Asset. In respect of such additions, removals, or amendments, Stex may, but is not obliged to, notify Users in advance and Stex shall have no liability to Users in connection with such additions, removals or amendments.<\/p>\n\n\n\n a. License<\/strong><\/p>\n\n\n\n Provided that you constantly comply with the express terms and conditions stated in these Terms, Stex grants you a revocable, limited, royalty-free, non-exclusive, non-transferable, and non-sublicensable license to access and use Stex Services through your computer or Internet compatible devices for your personal\/internal purposes. You are prohibited to use Stex Services for resale or commercial purposes, including transactions on behalf of other persons or entities. All the above actions are expressly prohibited and constitute a material violation of these Terms. The content layout, format, function and access rights regarding Stex Services should be stipulated in the discretion of Stex . Stex reserves all rights not expressly granted in these Terms. Therefore, you are hereprohibited from using Stex Services in any way not expressly authorized these Terms.<\/p>\n\n\n\n These Terms only grant a limited license to access and use Stex Services. Therefore, you hereagree that when you use Stex Services, Stex does not transfer Stex Services or the ownership or intellectual property rights of any Stex intellectual property to you or anyone else. All the text, graphics, user interfaces, visual interface, photos, sounds, process flow diagrams, computer code (including html code), programs, software, products, information and documents, as well as the design, structure, selection, coordination, expression, look and feel, and layout of any content included in the services or provided through Stex Services, are exclusively owned, controlled and\/or licensed Stex Operators or its members, parent companies, licensors or affiliates.<\/p>\n\n\n\n Stex owns any feedback, suggestions, ideas, or other information or materials (hereinafter collectively referred to as \u201cFeedback\u201d) about Stex or Stex Services that you provide through email, Stex Services, or other ways. You heretransfer all rights, ownership and interests of the Feedback and all related intellectual property rights to Stex . You have no right and herewaive any request for acknowledgment or compensation based on any Feedback, or any modifications based on any Feedback.<\/p>\n\n\n\n b. Restriction<\/strong><\/p>\n\n\n\n When you use Stex Services, you agree and undertake to comply with the following provisions:<\/p>\n\n\n\n By accessing Stex Services, you agree that Stex has the right to investigate any violation of these Terms, unilaterally determine whether you have violated these Terms, and take actions under relevant regulations without your consent or prior notice. Examples of such actions include, but are not limited to:<\/p>\n\n\n\n Upon completion of the registration and identity verification for your Stex Account, you may conduct Crypto-to-crypto Trading on Stex in accordance with the provisions of these Terms and Stex Platform Rules.<\/p>\n\n\n\n a. Orders<\/strong><\/p>\n\n\n\n Upon sending an instruction of using Stex Services for Crypto-to-crypto Trading (an \u201cOrder\u201d), your account will be immediately updated to reflect the open Orders, and your Orders will be included in Stex \u2019s order book to match other users\u2019 Orders. If one of your Orders fully or partially matches another user\u2019s Order, Stex will execute an exchange (a \u201cTransaction\u201d). Once the Transaction is executed, your account will be updated to reflect that the Order has been fully executed and closed, or the Order has been partially executed. The Order will remain uncompleted until it is fully executed or cancelled under paragraph (b) below. To conclude a Transaction, you authorize Stex to temporarily control the Digital Currencies involved in your Transaction.<\/p>\n\n\n\n b. Cancellation<\/strong><\/p>\n\n\n\n For Orders initiated through Stex Services, you may only cancel them before they have been matched with other Users\u2019 Orders. Once your Order has been matched with another user\u2019s Order, you may not change, revoke or cancel Stex \u2019s authorization to complete the Order. For any partially matched Order, you may cancel the unmatched part of the Order unless such portion has been matched. Stex reserves the right to reject any cancellation request related to the Order you have submitted. If your account does not have sufficient amount of Digital Currencies to execute an Order, Stex may cancel the entire Order, or execute part of the Order with the amount of Digital Currencies you have in your account (in each case, any Transaction related fees payable to Stex are deducted as stated in paragraph (c) below).<\/p>\n\n\n\n c. Fees<\/strong><\/p>\n\n\n\n You agree to pay Stex the fees specified in.Stex may, in its discretion, update the fees at any time. Any updated fees will apply to any sales or other Transactions that occur following the effective date of the updated fees. You authorize Stex to deduct from your account any applicable fees that you owe under these Terms.<\/p>\n\n\n\n d. Other Types of Crypto-to-crypto Trading<\/strong><\/p>\n\n\n\n In addition to the Crypto-to-crypto Trading that allows users to directly place orders as mentioned in paragraph (a) above, Stex may, in its discretion, provide technical and platform services for other types of Crypto-to-crypto Trading under its separately formulated Stex Platform Rules, such as One Cancels the Other (OCO) and block trade.<\/p>\n\n\n\n Prior to conducting Fiat Trading, you shall separately read, agree to, and comply with:<\/p>\n\n\n\n a. the Terms of Use of Bifinity UAB;<\/p>\n\n\n\n b. the User Agreements with various third party service providers with which Stex has partnered to offer Fiat Trading services, and, if applicable, open an account with such partners, following the completion of the registration and identity verification for your Stex Account;<\/p>\n\n\n\n c. the Legal Statement, the Privacy Policy, and any other Stex Platform Rules related to Fiat Trading<\/p>\n\n\n\n If you choose to utilise Fiat Trading, you agree that Bifinity UAB (registration number: 305595206) having its registered office at Lvivo g. 25-104, Vilnius, Lithuania shall work in collaboration with regulated third party service providers to offer such services. Bifinity UAB is governed the laws of the Republic of Lithuania. A full list of Bifinity UAB partners can be found HERE.<\/p>\n\n\n\n Bifinity UAB is registered in accordance with the applicable laws of the Republic of Lithuania as virtual currency depository wallet operator and virtual currency exchange operator. For the avoidance of doubt please note that Bifinity UAB is not a licensed financial services provider. Cryptocurrency exchange and depository services provided Bifinity UAB are not regulated the Bank of Lithuania.<\/p>\n\n\n\n Unless otherwise specified Stex , to conduct Futures Trading, you must conclude with Stex a separate Stex Futures Service Agreement<\/a> and open a special Collateral Account, following the completion of registration and identity verification for your Stex Account. You acknowledge and agree that:<\/p>\n\n\n\n a. You fully understand the high risks of Futures Trading, including but not limited to the risk of major fluctuations of Digital Assets in Futures Trading, and the risk of exacerbated adverse outcome when leverage is used;<\/p>\n\n\n\n b. You have sufficient investment knowledge and experience and the capacity to take risks arising from Futures Trading, and agree to independently assume all the risks arising from the investment of Futures Trading;<\/p>\n\n\n\n c. Before performing Futures Trading, you have read and understood all the contents of the Stex Futures Service Agreement and the relevant Stex Platform Rules, and have consulted relevant professionals to make informed decisions on whether and how to complete Futures Trading according to their recommendations and your own reasonable judgment;<\/p>\n\n\n\n d. You agree and authorize Stex to take various reasonable measures in its discretion (including but not limited to forced liquidation and forced position reduction under specific circumstances) in accordance with the Stex Futures Service Agreement and the relevant Stex Platform Rules to protect the legitimate interests of you, Stex and other Users.<\/p>\n\n\n\n Before entering into transactions in Options products through Stex (\u201cOptions Trading\u201d), you acknowledge and agree that:<\/p>\n\n\n\n a. You fully understand the high risks of Options Trading, including but not limited to the risk of major fluctuations of Digital Assets in Options Trading, and the risk of exacerbated adverse outcome when leverage is used;<\/p>\n\n\n\n b. You have sufficient investment knowledge and experience and the capacity to take risks arising from Options Trading, and agree to independently assume all the risks arising from the investment of Options Trading;<\/p>\n\n\n\n c. Before performing Options Trading, you have read and understood, and agree to be bound the terms of, the Stex Options Service Agreement<\/a> and all relevant Stex Platform Rules, which shall supplement these Terms of Use, and have consulted relevant professionals to make informed decisions on whether and how to complete Options Trading according to their recommendations and your own reasonable judgment;<\/p>\n\n\n\n d. You agree and authorize Stex to take various reasonable measures in its discretion (including but not limited to forced liquidation and forced position reduction under specific circumstances) in accordance with the Stex Options Service Agreement and all relevant Stex Platform Rules to protect the legitimate interests of you, Stex and other Users.<\/p>\n\n\n\nI. Definitions<\/h3>\n\n\n\n
II. General Provisions<\/h3>\n\n\n\n
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III. Stex <\/strong> Services<\/h3>\n\n\n\n
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1. Service Usage Guidelines<\/h3>\n\n\n\n
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2. Crypto-to-crypto Trading<\/h3>\n\n\n\n
3. Fiat Trading<\/h3>\n\n\n\n
4. Futures Trading<\/h3>\n\n\n\n
5. Options Trading<\/h3>\n\n\n\n
6. Margin Trading<\/h3>\n\n\n\n