Risk Disclosure Policy
PRIOR TO UTILIZING DOVE MOUNTAIN DATA’S SERVICES, IT IS IMPERATIVE TO FULLY GRASP AND BE ABLE TO BEAR THE ASSOCIATED RISKS. THIS RISK DISCLOSURE HIGHLIGHTS CERTAIN, BUT NOT ALL, OF THE RISKS INHERENT IN HOLDING, TRADING, AND USING CRYPTO ASSETS GENERALLY, AS WELL AS ENGAGING WITH DOVE MOUNTAIN DATA’S SPECIFIC SERVICES. WHILE THIS DISCLOSURE INTENDS TO GIVE YOU A GENERAL IDEA OF THESE RISKS, IT CANNOT ADDRESS EVERY POSSIBLE RISK. HENCE, THE LISTED RISKS BELOW ARE NON-EXHAUSTIVE, AND OTHER NOTABLE RISKS MAY APPLY. YOU ARE ADVISED TO CONDUCT YOUR OWN RESEARCH.
The terms “We,” “Our,” “Company,” “Dove Mountain Data,” and “Us” refer to Dove Mountain Data Ltd. The terms “User,” “You,” and “Your” denote a User of our Online Platforms (Website and/or Mobile Application).
Trading in Digital Assets (as outlined in the Terms & Conditions), participating in associated leveraged transactions, and permitting another account holder to utilize Services on your behalf entail substantial risks of financial loss. Engaging in trading or leveraging Digital Assets that you cannot afford to lose entirely is strongly discouraged. Market prices for Digital Assets can exhibit extreme volatility and unpredictability. Speculating whether the future market price of a Digital Asset will ascend or descend is inherently uncertain. Leverage in Digital Asset trading can result in amplified losses compared to unleveraged positions.
Engaging in Digital Asset trading, providing or accepting leverage, or permitting another user to utilize Services on your behalf should only be done if you understand the associated risks. This Risk Disclosure Statement offers insights into key risks of Digital Asset trading, leveraged transactions, and delegating authority over your subaccount, yet it cannot encompass every risk or aspect involved in holding, trading, leveraging Digital Assets, or delegating authority.
Potential risks encompass, but are not confined to:
- Digital Assets Market Risk: Market prices can be highly unpredictable. The future market price movement or sustainability of a Digital Asset’s market value is speculative.
- Liquidity Risk: Markets for Digital Assets can become “illiquid,” impacting your ability to trade at favorable prices.
- Commingling Risks: Your Fiat and Digital Assets might be mingled with others’, allowing Dove Mountain Data and its Affiliates to utilize them.
- Risk of Account Freeze: Dove Mountain Data might freeze your Account due to suspicious/fraudulent activities, or breaches of Terms & Conditions.
- Market Default Risk: Dove Mountain Data administers the platform, but does not bear financial responsibility for trade defaults, except when acting as counterparty.
- Risks of Financing Activities: Engaging in financing or accepting financing exposes you to the risk of financial loss.
- Conflicts of Interest: Dove Mountain Data benefits from trading volume, regardless of its profitability for you.
By breaching these Terms, Dove Mountain Data can terminate your access and may seek legal remedies. Should Dove Mountain Data take legal action against you due to violation of these Terms, you agree to cover all reasonable legal fees and expenses. Termination of access due to breach shall not make Dove Mountain Data liable to you or any third party.