本风险披露声明无法详尽列出参与加密货币交易可能涉及的所有风险。数字资产交易具有高度风险性及复杂性，因此，交易者应在参与交易前，仔细评估所涉及的资产类型、自身经验与财务状况，确保具备承受数字资产交易所带来风险的能力。即便您拥有加密货币交易的相关经验，仍须充分了解以下主要风险：
在进行数字资产交易前，公司会要求交易者缴纳一种被称为“保证金”的资金作为抵押。该初始保证金相较于实际交易价值较小，但通过杠杆作用，允许交易者操作超过其实际资金金额的交易。 在交易过程中，数字资产价格的波动会影响交易者的保证金，可能产生收益，也可能造成亏损。交易者可能会损失全部初始保证金及为维持仓位而追加的资金。 若您的杠杆水平低于维持保证金要求，系统将向您发出追加保证金通知（Margin Call），要求您在指定时间内向账户追加资金，提升保证金至规定水平。若您未能按时追加资金，您将无法继续下单买卖数字资产，且所有或部分持仓可能被强制平仓，从而导致损失。
在某些情况下（如市场剧烈波动或交易市场暂停），止损单可能无法按设定执行。这意味着，止损单并不总能保障交易者免受损失。 此外，如电子系统发生故障，即使交易者已设置止损限价，其订单仍有可能无法按计划执行，造成损失。
数字资产通常基于底层市场或工具的价格波动来实现投机交易。尽管平台提供数字资产价格，但这些价格均来自于底层市场。 因此，交易者应了解底层市场的波动将直接影响数字资产的价格及其交易结果。 此外，交易者还应注意“跳空”风险（即底层市场开盘或收盘时出现的价格空档），这类情况可能对账户造成盈利或亏损。 为此，交易者应投入足够时间持续监控其投资状态。
在市场流动性不足或特定市场规则执行期间，可能会导致交易无法成交或持仓难以平仓，从而增加损失风险。
交易前，交易者应明确了解将产生的所有手续费、佣金及其他费用。这些费用将直接影响交易者的净收益或加剧亏损。
部分数字资产可能因需求下降而流动性低甚至无流动性，导致交易者无法及时出售资产，或难以获取该资产价格与相关风险的准确信息。
此类风险发生于订单未能即时成交的情形。例如，从交易者发出交易指令到实际执行之间可能存在时间延迟，导致成交价格与预期不一致。
在电子交易过程中，交易者可能面临系统相关风险，包括软硬件故障。任何系统问题均可能导致订单无法正常下达或执行。 若遇此类问题，交易者应立即联系平台以协助排查解决。
最后确认：
本人在此确认，已由数字资产交易学院相关人员向我充分说明上述风险，并已理解参与数字资产交易所涉及的相关风险。
This disclosure does not reveal all the potential risks that may arise from cryptocurrency trading activities. Engaging in digital asset trading can involve high risks and complexities. Therefore, traders should carefully consider the type of digital assets, their own experience, and financial resources to ensure they are capable of engaging in digital asset trading activities. Even if you have prior experience in cryptocurrency trading, it is important to understand the main risks as outlined below:
Before engaging in digital asset trading, the company requires traders to deposit collateral called a margin. This initial margin is small compared to the actual value of the digital asset but allows traders to conduct trades exceeding the amount of their actual funds through leverage. During trading, fluctuations in the price of digital assets can impact the trader’s deposit, potentially generating profits or causing losses. Traders may face the risk of losing the entire initial margin and any additional funds deposited with the company to maintain their trading position.
If your leverage level exceeds the maintained margin level, you will receive a margin call [XP], requiring you to deposit additional funds into your account within a specified time to raise your margin level to the required threshold. If you fail to deposit the additional funds within the set time, you will be unable to place further buy or sell orders for digital assets, and all or part of your trading positions may be closed, leading to losses.
In certain circumstances, such as rapid price fluctuations or market closures, stop-loss orders may not function effectively. This means that stop-loss orders do not always guarantee protection against losses for traders
In cases of electronic system malfunctions, your orders may not be executed as intended, exposing traders to the risk of losses when placing digital asset trades, even if they have already set a specific loss limit.
Digital assets are instruments that allow traders to speculate on price fluctuations in the underlying market or instrument. Although the prices of digital assets are provided by companies, those prices originate from the underlying market or instrument. Therefore, traders must understand that volatility in the underlying market can impact the price of digital assets and, consequently, their trading profits.
Traders should also be aware of market gaps—events that can create profits or losses in a trading account. These gaps can occur when the underlying market opens or closes. It is essential for traders to dedicate sufficient time to consistently monitor their investments.
Market illiquidity conditions or the application of certain market rules may increase the risk of loss as it may be difficult or impossible to settle transactions or liquidate trading positions.
Before trading, traders should receive a clear explanation of the commissions, fees and other charges that traders will be responsible for. These charges will affect the trader's net profit or increase in losses.
Some digital assets may have low or no liquidity due to reduced demand, making it impossible for traders to sell the digital asset or to easily obtain information about the price of the digital asset or the associated risks.
This risk can arise in cases where a digital asset order is not executed immediately. For example, there may be a delay between when a trader places an order and when it is executed. As a result, the order may not be executed at the price the trader expects.
For electronic trading, traders may be exposed to risks related to the trading system, which may include hardware and/or software failures. Any failure of the trader's trading system may result in the trader's order sell orders not being executed. Traders must confirm with the company to resolve the issue.
I hereby acknowledge that I have received an explanation from the Digital Asset Trading Academy and understand the risks associated with trading digital assets.
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