Safe Cannabis For All
These Risk Warnings relate to your access to and use of the Services made available by Emtri Corp through the Platform and any related mobile applications (together the “Platform Site”) and any other related services provided by Emtri Corp and constitute a part of the Terms of Service that are available on the Platform Site (the “Terms”). These Risk Warnings are incorporated by reference into the Terms, the Liquidity Provider Terms, and the Margin Service Terms. Unless otherwise defined, capitalized words used in these Risk Warnings shall have the meaning given to them in the Appendix to the Terms. The rules of interpretation set out in the Appendix to the Terms shall apply in these Risk Warnings.
These Risk Warnings are not directed or intended to be targeted at and are not intended for distribution or publication to, or use by any person who is a resident of or located in any jurisdiction in which the targeting, direction, distribution or publication or use of such information would be contrary to Applicable Laws or which would subject Emtri Corp and any of its subsidiaries, parents, affiliates, direct or indirect owners, holding companies, or entities under common control, or any of their management, directors, officers, or agents (together, the “Emtri Corp Group”) to any registration or licensing requirements in respect of that jurisdiction.
You should sufficiently inform yourself of the various risks involved in using the Services and make your own decisions based on your personal risk appetite. All information provided on the Platform Site is for information purposes only. Emtri Corp Group is not providing any legal, tax, accounting, financial or investment advice or recommendation, and nothing provided to you should be relied upon as such. You should consider your personal situation carefully and/or consult your independent professional advisors (including legal, tax, accounting, financial and investment advisors) before participating in any Services offered by Emtri Corp Group.
These Risk Warnings are a non-exhaustive list of potential risks associated with the products and services available on the Platform Site. By accessing the Platform Site and any of the Services, you are deemed to have reviewed, acknowledged, and accepted ALL such risks, including, without limitation, those described herein as well as those described in the Terms, the Liquidity Provider Terms (to the extent applicable), and the Margin Service Terms (to the extent applicable). You should also consider any other factors (such as local laws and requirements) which may not be listed below that are relevant to your circumstances and place of residence or operation. Some or all of the Services may not be available in your jurisdiction or place of residence or may be restricted to certain types of sophisticated or qualified investors.
Where relevant, the issuers or promoters of digital currencies listed on the Platform may provide their own information in relation to functionality and risks of those digital currencies. Emtri Corp takes no responsibility for the accuracy or completeness of such information.
Digital Currencies Generally: Digital currencies are high risk products. The protocols, networks, systems, and other technology (including any blockchain or comparable technology) relating to any digital currency may include coding errors which may mean that they do not function as intended and may cause catastrophic failures. Forks, upgrades, software bugs, or a change in consensus mechanisms or how transactions are confirmed, among other factors, may have unintended adverse effects on the corresponding digital currency. Digital currencies and their underlying technology may be vulnerable to attacks on their security, integrity or operation, including, without limitation, attacks using computing power to overwhelm the normal operation of a blockchain or its consensus mechanism and maliciously tamper with transactions (often known as “double spending” attacks). A digital currency may be lost, double spent, lose its developers, miners/validators, or user community, or may otherwise lose all or most of its value, whether because of forks, attacks, bugs, changes to the features, characteristics, or properties of the digital currency, or failure of the digital currency to operate as intended, or any other reason. Activities relating to digital currencies may also be subject to legal or regulatory restrictions or requirements in different jurisdictions, failure to comply with which may result in your personal liability or imposition of fines. Therefore, you should check the position in your jurisdiction and seek professional advice if you are unsure. Neither Emtri Corp Group nor any of its directors, officers, or employees make any representation as to the appropriateness of digital currencies as an investment or to the availability and/or liquidity of the same in your jurisdiction. You should consult your professional advisor in your jurisdiction before making any decision to invest, or otherwise deal, in digital currencies and you acknowledge and agree you do so at your own risk.
Private Keys: Digital currencies are controllable only by the possessor of both the unique public key and private key relating to the wallet in which such currency is held. Private keys must be safeguarded and stored securely in order to prevent an unauthorized third party from accessing the assets held in such wallet. We, or our sub custodians or third party service providers, as the case may be, hold all digital currencies in custody in two types of wallets: (i) hot wallets, which are managed online, and (ii) cold wallets, which are managed offline. To the extent any of our private keys are lost, destroyed, unable to be accessed by us or our sub custodians or third party service providers or otherwise compromised and no backup of such private key is accessible, we or our sub custodians or third party service providers will be unable to access the digital currencies held in the related hot or cold wallet. Further, we cannot provide assurance that any of the wallets of any or all of our sub custodians or third party service providers will not be hacked, compromised, or subject to security breaches or malicious activities such that digital currencies are sent to one or more private addresses that we or our sub custodians or third party service providers do not control, which could result in the loss of some or all of the digital currencies that we or our sub custodians or third party service providers hold in custody on behalf of customers. Any loss of private keys relating to, or hack or other compromise of, hot wallets or cold wallets used to store our customers’ digital currencies could result in partial or total loss of customers’ digital currencies or adversely affect our customers’ ability to sell their assets on, or withdraw their assets from, our Platform.
Third Party Sub Custodians: We may engage sub custodians or third party service providers to, as the case may be, (i) hold the digital currencies you deposit in your wallet in an omnibus wallet maintained and operated by them, (ii) provide the back-end infrastructure and related services that we use to hold the digital currencies you deposit in an omnibus wallet maintained or hosted by them but operated by us, or (iii) to perform any of our other duties, obligations, and rights under the Terms or in connection with the Services. There is a risk of loss arising from the use of omnibus accounts or back-end infrastructure and related services provided or maintained by sub custodians and third party service providers. We attempt to protect ourselves and you by carefully selecting our sub custodians and third party service providers and by requiring them to adhere to a contractual standard of care and to implement extensive policies and procedures, including (without limitation) information security obligations, that are intended to reduce the risk of loss, but there can ultimately be no assurance that such measures will be entirely successful to avoid loss. For example, in the event of the insolvency, failure, default, breach, hacking, loss, business disruption, fraud, theft, error, negligence, or accident of or by a sub custodian or third party service provider contracted by Emtri Corp to maintain and operate an omnibus account for digital currencies, or to provide the back-end infrastructure that we use to hold your digital currencies in an omnibus account, as applicable, Emtri Corp as custodian and bare trustee on your behalf may only have an unsecured claim against the sub custodian or third party service provider in connection with the digital currencies. While we will use commercially reasonable efforts, as determined by us, to attempt on your behalf to recover the amounts due, there is no assurance such efforts by us will be successful, or that any recovery will be obtained promptly or in full, and you are exposed to the resulting risk of loss. Emtri Corp is not liable or responsible for any losses you may suffer that are caused directly or indirectly by our holding of digital currency relating to your Account with a sub custodian or third party service provider or the use of infrastructure and related services provided by a sub custodian or third party service provider. You bear all risk of loss in relation to or resulting from the foregoing. If you do not wish to accept this risk, you should not open an Account or access the Services.
No Deposit Protection: Digital currencies held in wallets are not eligible for or subject to any public or private deposit insurance protection. While in some cases our sub custodians may be required, under our contractual arrangements, to maintain certain insurance coverage while they provide custody of the digital currency we hold on your behalf, there is no assurance that any such insurance proceeds will actually be available, in full or at all, in an amount sufficient to cover any loss or shortfall that results from the sub custodian’s holding of our (and your) digital currency, or that any such insurance proceeds will be available promptly. Fiat currency held in wallets may (or may not) be subject to deposit insurance protection, but there is no assurance that the proceeds of such deposit insurance (if available) will be sufficient to cover a shortfall relating to your Account.
Forks: Any user of an open source blockchain can download the software, modify it and then propose that other users and miners of that blockchain protocol adopt the modification. When a modification is introduced and the community decides to adopt the modification, the change is implemented via an update to the software and the blockchain protocol networks, as applicable, may continue in operation uninterrupted. However, if part of the community rejects the proposed modification, and the modification is not compatible with the software prior to its modification, the consequence would be a fork (i.e. a split) of the impacted blockchain protocol network with one group running the pre-modified software and the other running the modified software. The effect of such a fork would be the existence of two separate versions of the blockchain protocol network, operating simultaneously but incompatible with one another, and with each network’s native token or digital currency unable to operate on the other’s network. A fork can lead to a disruption of the relevant blockchain networks and our information technology systems, cybersecurity attacks, replay attacks or security weaknesses, any of which can lead to temporary or even permanent loss of the digital currencies we hold for users. In the event of a fork, we will need time to evaluate the fork’s impact on our operations and to determine our response, and we have the authority to suspend our Services in whole or in part without notice while we do so. We have sole discretion to determine whether we will support a forked network (or which branch of a blockchain network relating to a digital currency to support post-fork, if any) and all aspects of our response to a digital currency that undergoes a fork. In relation to any digital currencies held in your wallet, you have no right to, and we have no obligation to enable you to, realize any economic or other benefit from the occurrence of a fork (including, without limitation, with respect to any tokens or digital currencies resulting therefrom), though we may elect, in our sole discretion, to attempt to do so in any manner, and pursuant to any terms or conditions, that we choose.
Limited Order Types: Users should be aware that only market orders, limit orders and stop limit orders are available on the Platform. Time in force parameters can be defined for limit orders (i.e. Good Til Canceled, Immediate or Cancel and Fill or Kill). Stop limit orders can be used to provide some protection against trading losses as such orders are only filled when the stop price is reached and then only at or better than a specified price. It is important to note that the closer the stop price is to the specified price, the greater the possibility that the order will not be fully filled. This should be contrasted with stop market orders (which are not available on the Platform) which would be fully filled from the available liquidity.
No Advice on Transactions: Emtri Corp does not advise on the merits or risks of any particular transactions, or tax consequences. Nothing that we or our representatives provide, such as (without limitation) market commentary, newsletters, educational materials, or market data or information, are, and none of them should be construed as, a recommendation, endorsement financial advice, solicitation or offer to sell, purchase or subscribe for any digital currencies, products and/or services offered by Emtri Corp Group. You should consult your financial, tax or other advisors. Any decision to buy or sell digital currency is your decision and Emtri Corp Group or any of their affiliates, agents, advisors, directors, officers, or employees and shareholders will not be liable for any loss suffered.
Volatility and Liquidity Risks: Users should be aware that the market for digital currencies is relatively new and is subject to very significant volatility and liquidity variations. Digital currencies may have unique features that make them susceptible to substantial fluctuations in value, and to date a significant amount of digital currency trading has been driven by speculation. These fluctuations may decrease or increase the value of your digital currency portfolio at any given moment and in some cases the value of any specific digital currency may even fall to zero, which could result in a total loss of your investment. The value of digital currencies can go down or up and there is a substantial risk that you could lose some or all of your investment when buying, selling, holding, or otherwise transacting in digital currency. You should carefully consider whether trading or holding digital currency is suitable for you in light of your financial position. Many factors, some known and others unknown, including (without limitation) supply and demand, the activity of other exchanges, the actions of regulators and governments around the world, and many others, may have a significant impact on prices for digital currencies on the Platform and the market in general. There is a risk that material losses will arise to you and market participants as a result of volatility, liquidity constraints and speculation, among many other factors. You should ensure that you take all these risks into account when trading digital currency, including the amount of a transaction, the frequency of trading, margin and collateral obligations and any stop loss limits. If you feel uncomfortable with the risks or your Account position you should consider reducing or eliminating your exposure or seeking independent expert advice. You are solely responsible for forming your own views or consulting your professional advisors as to the advisability of any particular trade or transaction, and you bear all risk of loss in connection therewith.
Trading with Liquidity Pools: There are two sources of liquidity in the Hybrid Order Book – (i) you may buy digital currency from or sell digital currency to Liquidity Pools, based on bid and offer prices from the Liquidity Pool that are quoted using the Platform automated market maker; or (ii) you may buy digital currency from or sell digital currency to other users, based on the bid and offer prices submitted by such users. Under the first execution method, the automated market maker will set the bid and offer prices based solely on the relative proportion that the two assets forming the relevant Liquidity Pool trading pair bear to each other in the Liquidity Pool at that time. As the automated market maker does not rely on any external pricing data or third party source, differences in the prices offered for trades by the Liquidity Pool based on the automated market maker compared to prices offered by other digital currency trading venues or third party markets for the same assets, or other external market data sources, may emerge. You are solely responsible, and we accept no responsibility whatsoever for, and shall in no circumstances be liable to you in connection with your decisions, including your decision to buy or sell a digital currency at the price you choose. You are solely responsible for forming your own views or consulting your professional advisors as to the advisability of a particular trade, and you bear all risk of loss in connection therewith. If you do not wish to enter any particular trade, or are unable or unwilling to bear the risks, you should not buy or sell the digital currency.
Trading with Leverage: In margin trading of digital currency (also referred to as “leveraged trading”), there are significant risks due to the use of leverage (in other words, borrowing digital or fiat currency to trade). The more leverage you use (i.e. the more you borrow), the more you can trade relative to the actual amount of digital or fiat currency that you invest. However, your losses from trading may increase suddenly and dramatically if market prices are inconsistent with your expectations and you may lose more (including the loss of collateral that you post to meet margin requirements) than you would have lost had you only traded with your own digital or fiat currency.
Margin Loans: Borrowing digital or fiat currency via margin loans to engage in margin trading is high risk. To borrow a margin loan and then keep it open, will require you to post collateral in the relevant margin account that meets initial and maintenance margin requirements, as well as to comply with maximum borrowing and leverage limits, whether on an individual loan basis or across all loans relating to a particular margin account, each of which are set, and may be changed, by us. If you do not meet maintenance margin requirements, or comply with the borrowing or leverage limits, at any time, Emtri Corp may execute a compulsory unwind of part or all of your positions, whether in relation to a single loan or across all of your margin loan positions that relate to a particular margin account, and liquidate your collateral using methods and timing chosen by Emtri Corp in our sole discretion, and you may suffer losses. A decline in the value of assets you purchase or sell on margin, or in the value of the other collateral you post, may require you to transfer additional collateral to your margin account, on short notice or with no notice, to avoid the closing of positions and automatic liquidation of assets in your margin account. If the value of collateral in your margin account falls below our maintenance margin requirements, we may close your positions or sell or liquidate any of the assets in your margin account to cover the margin deficiency. We may, but are not obligated, to issue you a margin call and there may be circumstances where we will close your position and sell or liquidate your collateral immediately without providing prior notice to you. As digital currency markets (including the Platform) are open 24 hours a day, 7 days a week, you can be subject to a margin deficiency and/or margin call, triggering the closing of your positions and liquidation of your assets without notice or with notice, at any time, including outside of normal business hours. It is your sole responsibility to continuously monitor and maintain the value of the collateral in your relevant margin account at all times so that it equals or exceeds the maintenance margin requirement, regardless of whether you receive a margin call from us or not. We are not responsible or liable to you for any delays in the processing or release of funds intended to top up your margin account or satisfy margin calls, or for any losses you suffer resulting therefrom, including the closure of your margin loan positions or liquidation of your collateral, where the delays result from (i) processing times for deposits made by you to your Account on the Platform, as provided in the Terms, (ii) any suspension or termination of the Margin Services, (iii) any outages of the Platform or suspension or termination of your Account or your access to the Services provided thereon, or (iv) other matters described in the Terms or Margin Service Terms, to the maximum extent permitted by Applicable Law. During unfavorable market conditions, it may be difficult to liquidate your collateral, which can potentially increase your losses as a lesser amount of proceeds may be realized from liquidating the collateral than would otherwise be the case. The liquidation of positions of other Margin Trading users can create additional price pressure, which may adversely impact the liquidation price achieved. You will be responsible to us for any shortfall remaining after we liquidate the collateral in your margin account.
The laws applicable to blockchain technology and digital currency will vary from jurisdiction to jurisdiction and it is your sole and exclusive responsibility to obtain your own legal, accounting and tax advice in respect of these matters.
Depending on your country of residence, you may not be able to use all of the services and functions of the Platform. It is your responsibility to comply with the rules and laws in your country of residence and the country or jurisdiction from which you access the Platform and the Services. We reserve the right in our sole discretion to modify, vary, limit, suspend, discontinue, or terminate the Services in any jurisdiction at any time based on our assessment of the applicable laws, regulations, and governmental policies in that jurisdiction.
You should note that in certain circumstances, such as where there has been a breach of our Terms or suspicious activity is detected, Emtri Corp may, in its absolute discretion, suspend your Account until such time as the matter has been adequately resolved or appropriate action has been taken. In certain circumstances, Emtri Corp may deem it necessary to report suspected illegal activity to applicable law enforcement agencies.
Dependence on Software and Systems, Failures, Outages and Disruptions: We rely on technology and telecommunications infrastructure, including (without limitation) the internet, mobile services, cloud infrastructure and data centers, to conduct much of our business activity and to allow our customers to conduct financial transactions on the Platform. Our Services rely on software, including software developed or maintained internally and by third parties, that is highly complex. Our systems and operations, as well as those of the third parties on which we rely to conduct certain key functions, are vulnerable to disruptions from natural disasters, power and service outages, interruptions or losses, downtime, computer software and hardware and telecommunications failures, software bugs, cybersecurity attacks, hacking, or other intrusions, computer viruses, malware, distributed denial of service attacks, spam attacks, phishing or other social engineering, ransomware, security breaches, credential stuffing, technological failure, human error, acts of war, terrorism, improper operation, unauthorized entry, data loss, intentional bad actions and other similar events. If any of our systems, or those of our third party service providers, are disrupted for any reason, our products and services may fail, resulting in unanticipated disruptions, slower response times and delays in trade execution and processing, failed settlement of trades, incomplete or inaccurate accounting, recording or processing of trades, unauthorized trades, loss of customer information, increased demand on limited customer support resources, or other issues. The software on which we rely may contain errors, bugs or vulnerabilities, and our systems are subject to capacity limitations. Some errors, bugs or vulnerabilities inherently may be difficult to detect and may only be discovered after code has been released for external or internal use. Many of our systems are relatively new and may interact with one another in unanticipated ways. Errors, bugs, vulnerabilities, design defects or technical limitations within the software on which we rely may lead to negative customer experiences (including the communication of inaccurate information to customers), compromised ability of our products to perform in a manner consistent with customer expectations, compromised ability to protect the data (including personal data) of our customers, or an inability to provide some or all of our Services, or may be exploited by malicious actors. Our Platform and Services are complex, and as our customer base grows, we may experience surges in trading volume on the Platform, which may cause our systems to exceed capacity constraints or operate at diminished speed or even fail, temporarily or for a more prolonged period of time, which would affect our ability to process transactions and potentially result in some customers’ orders being executed at prices they did not anticipate or executed incorrectly, or not executed at all. Other digital currency trading platforms and exchanges have experienced outages resulting in their customers being unable to buy and sell digital currencies and some customers experiencing downgraded service. Our Platform may in the future experience such outages from time to time. Disruptions to, destruction of, improper access to, breach of, instability or failure of our information technology systems or the external technology or systems of third parties with whom we do business that allow our customers to use our Services could lead to you being unable to use any or all of our Services. We make no warranty that the Services will always be available or uninterrupted, timely, secure, not subject to downtime or outages, free of viruses and vulnerabilities, or otherwise error-free.
Cybersecurity Breaches or Attacks: The transmission of information electronically can be subject to attack, interception, loss or corruption. In addition, computer viruses and malware can be distributed and spread rapidly over the internet and could infiltrate our systems or those of our customers or third party service providers. Infiltration of our systems or those of our customers or third party service providers could in the future lead to disruptions in systems, accidental or unauthorized access to or disclosure, loss, destruction, disablement or encryption of, use or misuse of or modification of confidential, sensitive or otherwise protected information (including personal data) and the corruption of data. In addition to traditional computer hackers, malicious code (such as viruses and worms), employee theft or misuse and denial-of-service attacks, sophisticated nation-state and nation-state-supported actors now engage in attacks (including advanced persistent threat intrusions). A vulnerability, error, bug, or other defect in our or a third party service provider’s software or systems, a failure of our or a third party service providers’ safeguards, policies or procedures, or a breach of our or a third party service provider’s software or systems could result in the compromise of the confidentiality, integrity or availability of our systems or the data housed in our third party solutions. Although we have internal processes and technological measures in place to protect our systems and data and typically enter agreements relating to cybersecurity and data privacy with our third party service providers, we cannot guarantee that such measures or agreements will prevent the accidental or unauthorized access to or disclosure, loss, destruction, disablement or encryption of, use or misuse of or modification of data (including personal data), will prevent damage to, or interruption or breach of, our information systems, data (including personal data) and operations, or enable us to obtain adequate or any reimbursement from our third party service providers in the event we or they should suffer any such incidents. In addition, our and our third party service providers’ remediation efforts may not be successful in anticipating, preventing, detecting or stopping attacks, or reacting in a timely manner.
Reliance on Third Parties: We rely on certain third party computer systems or third party service providers, including cloud infrastructure providers, internet service providers, payment services providers, market and third party data providers, regulatory services providers, clearing systems, banking systems, communications facilities and other facilities to run our Platform, facilitate trades by our customers and support or carry out certain regulatory obligations. These providers are susceptible to operational, technological and security vulnerabilities, interruptions, or business disruptions, including (without limitation) security breaches, which may impact our business or our ability to provide the Services, and our ability to monitor our third party service providers’ data security is limited. In addition, these third party service providers may rely on subcontractors to provide services to us that face similar risks. An interruption in or the cessation of service by our third party service providers or their subcontractors, or deterioration in the quality of their service or performance, could be disruptive to our business and your ability to access any or all of the Services. Any contractual protections we may have from our third party service providers may not be sufficient to adequately protect us against such adverse consequences, and we may be unable to enforce any such contractual protections.
Under no circumstances should you attempt to use your Emtri Corp digital currency wallet to store send request or receive digital currencies in any form that we do wallet to store, send, request, or receive digital currencies in any form that we do not support. Such actions may lead to the permanent loss of your digital currency.
Emtri Corp may decide to delist any digital currency listed on the Platform, or may cease to offer pairs on such digital currency. This may mean that you will not be able to convert such digital currency into another digital currency or into fiat currencies. Emtri Corp may impose time limits on holding delisted assets in Emtri Corp accounts and may, in certain circumstances, require you to transfer such balances off the Platform to your external wallets. Emtri Corp takes no responsibility whatsoever for any loss you suffer as a result of such actions.
From time to time, we may, subject to Applicable Law and as determined by us in our sole discretion, enter into separately negotiated arrangements with certain users that supplements certain of the economic or other terms of the Terms or the Policies, in each case solely as applicable to that user’s relationship with Emtri Corp and use of the Platform and the Services. Any such separately negotiated arrangements will be entered into based on factors or considerations determined by us to be relevant in our sole discretion, and arrangements or terms offered to one user may not be available to all, or even any, other users. You do not have any claim against us or the user that receives additional or different rights or terms as a result of a separately negotiated arrangement, and the validity of or enforceability of the Terms or other Policies entered into by and between you and us are not affected by the existence of or the terms and conditions of any separately negotiated arrangements we may have with any other user.
There are circumstances under which we may suspend or terminate your Account or any of the Services, in whole or in part, or your access thereto, in our sole discretion, in accordance with the Terms, the Liquidity Provider Terms (if applicable), or the Margin Services Terms (if applicable), and we may do so immediately without notice to you in the event of certain circumstances as provided therein. We may also impose limits on the amount of fiat or digital currencies that you are able to withdraw from your Account, or suspend withdrawals, in our sole discretion.
The financial situation of Emtri Corp may deteriorate and lead to the inability of Emtri Corp to meet its obligations or cause us to become insolvent or bankrupt or be placed in receivership. If this happens, we may be unable to meet our obligations to you and other users and you may suffer losses.