INVESTING INHERENTLY INVOLVES RISKS, DO SO AT YOUR OWN RISK.

This Phemex Risk Warning illustrates potential risks that you may face while you use Phemex.com and all of its associated service, and helps you evaluate and determine your own capabilities. Please make sure that you carefully read and fully understand the terms, articles and/or conditions of this Phemex Risk Warning before and by continuing using Phemex.com. You hereby acknowledge that you have accepted the risks disclosed under this Phemex Risk Warning.

Phemex reserves the right to modify any of the terms of this Phemex Risk Warning without any prior notice. If any of the terms hereunder are unacceptable to you, you should not use Phemex.com.

Cryptocurrency trading is high-risk and speculative, and it is important that you understand the risks before you start trading. Followings are several risks that we would like to ensure that you are well aware of:

You need to understand that contract trading has the characteristics of high leverage, which may lead to rapid profit or loss. If the direction of the transaction is opposite to the fluctuation of the market, it will cause a large loss. According to the degree of loss, you need to set a stop loss, otherwise their positions may be forced to liquidate, and you must bear all the losses caused thereby. Once the order submitted in the trading system of the platform is concluded, it is irrevocable, and you must accept the risks that this method may bring.

The above is a non-exclusive list. Taking all of above into consideration, prior to using Phemex.com for Cryptocurrency trading, you promise that you:

Moreover, please note that all the data analysis, projections, content, research, tools, and coin symbols are for educational and illustrative purposes only. They do not imply our recommendation or solicitation to buy or sell a particular asset or to engage in any particular investment strategy. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results, and are not guarantees of future results. You alone are responsible for evaluating the merits and risks associated with the use of Cryptocurrency trading on Phemex.com.

We advise you, to the extent necessary, consult an appropriate financial adviser, accountant, lawyer, or tax professional prior to Cryptocurrency trading. We sincerely hope and advise you to make a prudent decision on whether to participate in the Cryptocurrency transaction and reasonably allocate your digital assets based on your own actual financial conditions.

The terms used in this Phemex Risks Warning shall have the same meanings as in the Phemex Terms of Use except as otherwise provided herein.