1. Purpose and Status of This Risk Disclosure

This Risk Disclosure Statement (the "Risk Disclosure") is provided to inform clients and prospective users of the material risks associated with:

• digital assets and crypto-asset markets;
• automated and algorithmic trading technology;
• execution-only trading services; and
• the use of third-party infrastructure and venues.

This Risk Disclosure forms an integral part of the contractual and pre-contractual information provided to users and must be read together with the applicable Terms and Conditions, disclosures, and customer agreements.

This Risk Disclosure does not constitute investment advice, a recommendation, or a guarantee of performance.

2. General Risk Warning

Digital assets are high-risk products.

Participation in digital-asset markets and the use of automated trading technology may result in partial or total loss of capital.

You should not use the services unless you fully understand the nature of the risks involved and can afford to lose the entirety of the funds allocated.

Past performance, whether real or simulated, is not indicative of future results.

3. Market Risk

Crypto-asset markets are subject to significant volatility.

Market prices may fluctuate rapidly and unpredictably due to, among other factors:

• market sentiment and speculation;
• liquidity conditions;
• regulatory developments;
• technological changes;
• macroeconomic events; and
• actions of market participants.

Adverse market movements may result in losses that occur rapidly and without warning.

4. No Guarantee of Performance or Capital Protection

No entity within the group provides:

• guarantees of profit or return;
• assurances of capital preservation;
• minimum performance thresholds; or
• representations regarding expected outcomes.

All trading activity is undertaken at the sole risk of the client.

5. Automated Trading & Algorithmic Risk

Automated and algorithmic trading systems operate based on predefined rules and logic.

Risks specific to automated trading include, but are not limited to:

• adverse market conditions not anticipated by the system;
• execution at unfavourable prices;
• rapid accumulation of losses during volatile conditions;
• limitations inherent in historical data or model assumptions.

Automated trading systems may perform poorly or unpredictably under certain market conditions.

6. No Investment Advice or Discretion

The services provided are execution-only and technology-based.

No entity:

• provides personalised investment advice;
• assesses suitability or appropriateness;
• exercises discretionary control over client portfolios; or
• acts as an investment adviser or asset manager.

Decisions to activate, deactivate, deposit, withdraw, or allocate funds remain entirely with the client.

7. Technology & Operational Risk

The services rely on complex technological systems, including software, hardware, networks, and third-party infrastructure.

Potential risks include:

• system outages or downtime;
• latency or execution delays;
• software errors or bugs;
• cybersecurity incidents; and
• failures of third-party service providers.

While reasonable measures are implemented to maintain system integrity, uninterrupted or error-free operation cannot be guaranteed.

8. Custody & Execution Layer Risk

Client assets are held under licensed custodial arrangements; however, risks remain, including:

• operational failures;
• insolvency or failure of third-party service providers;
• blockchain network congestion or failure; and
• risks associated with execution venues and liquidity providers.

Temporary transfers of assets for execution purposes are subject to execution-layer operational risks, including delays or failures beyond the control of the client.

9. Regulatory & Legal Risk

The regulatory treatment of digital assets may change.

Future legislative, regulatory, or enforcement actions may:

• restrict or prohibit certain activities;
• impose additional compliance obligations;
• affect the availability of services; or
• impact the value or transferability of digital assets.

Regulatory changes may occur with little or no notice.

10. Liquidity Risk

Certain digital assets may experience limited liquidity.

This may result in:

• difficulty entering or exiting positions;
• increased slippage;
• execution at prices materially different from expected levels; or
• inability to execute trades at desired times.

11. Counterparty & Third-Party Risk

The services depend on third-party providers, including:

• exchanges;
• liquidity venues;
• payment processors;
• custodial technology providers; and
• infrastructure vendors.

Failures, insolvency, misconduct, or operational disruptions of third parties may adversely affect service availability or execution outcomes.

12. Force Majeure & Extraordinary Events

Extraordinary events beyond reasonable control — including but not limited to natural disasters, wars, regulatory emergencies, market halts, or network failures — may impair or suspend services.

Such events may result in losses or delays for which no guarantee or compensation can be provided.

13. Client Responsibility Acknowledgement

By using the services, clients acknowledge and accept that:

• they act at their own risk;
• they have independently assessed the risks involved;
• they are solely responsible for their decisions and actions; and
• losses may exceed expectations.

Clients should seek independent professional advice if they are uncertain about the risks.

14. No Reliance Statement

Clients must not rely on any statements, materials, or communications as assurances of profitability, safety, or suitability.

Only the binding contractual documentation governs the legal relationship.