About Us and our Terms of Use
Definitions
- ''AAX OTC Trading Platform'' means OTC Trading provided by AAX on the Platform;
- ''Advertisement'' means advertisement for Sale or Purchase of Digital Asset and vice versa on the AAX OTC Trading Platform;
- ''Affiliate'' in relation to AAX or you means a direct or indirect subsidiary of you or AAX Limited, and any other subsidiary of that holding company;
- ''Cash'' means the money or currency of any country or jurisdiction that is designated as legal tender and circulated, used and accepted as a medium of exchange in the country or jurisdiction of issuance;
- ''Certified OTC Merchant'' means User that has been accepted and authorized by AAX to post Sale or Purchase Advertisements on the AAX OTC Trading Platform;
- ''Counterparty'' means the opposite party in any trade executed on the AAX Platform;
- ''OTC Client'' means User that executes an order in relation to OTC Trading with a Certified OTC Merchant;
- ''OTC Merchant Account'' means a Certified OTC Merchant Account held with AAX Platform in accordance with OTC Merchant Terms of Use;
- ''Order'' means any instruction from a user on the AAX Platform to 'buy' or 'sell' in relation to products or services available on the Platform;
- ''Over the Counter'' or ''OTC'' or ''OTC Trading'' refers to direct sale and purchase of Digital Assets on the AAX Platform with trades executed directly between OTC Merchants and Purchasers of Digital Assets;
- ''Perpetual Contract'' means a derivative contact that references the spot price of a Digital Assets that do not have an expiry date or settlement with periodic funding exchanged between counterparties i.e. long and short positions every eight hours;
- ''Platform'' or ''AAX Platform'' means our website(s), our application(s), our application programming interfaces ('' APIs''), our notifications and any information or content appearing therein
- ''Products'' or ''Services'' means trading in Digital Assets, trading in derivatives linked to Digital Assets or any other services that may be offered by AAX through the AAX Platform from time to time;
- ''Restricted Jurisdictions'' means all jurisdictions listed above and any jurisdiction referred to in Clause 2.1.2;
- ''Trade'' means an Order that has been matched, fulfilled or executed on AAX Platform;
- ''User'' means any person or entity that has registered on the AAX Platform by accepting the AAX Terms of Use;
- ''Digital Assets'' means crypto-currency, virtual currencies, virtual commodity or digital tokens or virtual financial assets;
- ''Wallet'' or ''AAX Wallet'' means a software application (or other mechanism) on the AAX Platform that provides a means for holding, storing and transferring Digital Assets, including users Digital Assets address, Digital Assets balance and cryptographic keys.
1.Description of our Services
2.Your AAX Account and Acceptable Use of the AAX Platform
3.Accuracy and Availability of our Platform and Services
4.Trading on the AAX Platform
5.Fees
6.Risk Disclosures
- You may suffer a loss as a result of a position moving against you. If you hold a long position and the Digital Assets price declines or if you hold a short position and the Digital Assets price increases, you will lose all of your Digital Assets and initial margin in respect of the Trade;
- You may suffer a loss in the event you are unable to close out of a position because there is no demand to take the other side of that trade;
- You may suffer a loss because of a malfunction of the Platform, for example resulting from scheduled or unscheduled downtimes, matching system failure, database failure, cryptocurrency transfer or storage failure, failure or malfunction of the API, hacker attacks or other failure or malfunction.
7.No Financial Advice
8.Intellectual Property
9.Limitation on Liabilities
10.Indemnification
11.Termination
This Terms of Use shall continue to apply until terminated by either you or us as follows:
12.Force Majeure
If AAX is unable to perform our Services as stipulated in the Terms of Use due to circumstances out of our control, including but not limited to, change of law, regulations or policy, or an event of force majeure including but not limited to riots, acts of God, malicious acts of damage, fires, AAX shall not be held liable.
13.Indemnification
14.Dispute Resolution
15.Privacy Policy
We will collect, use and share your personal information in accordance with our Privacy Policy.
16.Other Important Terms
17.Feedback
We value and welcome feedback on our Platform. You agree that we are free to use, disclose, adopt and/or modify any feedback and any information (including any ideas, concepts, proposals, suggestions or comments) provided by you to use in connection with our Platform or any products or services we offer, without any payment to you. You hereby waive and agree to waive any rights to claim for any fees, royalties, charges or other payments in relation to our use, disclosure, adoption and/or modification of any of your feedback.