Definitions
Unless otherwise specified, the terms in this Agreement have the following meanings:
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This Agreement: Refers to the 「LBank Futures Service Agreement」 and all its terms, details, and information in the appendices.
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Party A: The futures trader, a verified registered user of the LBank platform.
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Party B: LBank platform, a global innovative digital asset trading platform dedicated to providing professional asset management solutions.
Rights and Obligations of Party A
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Futures trading carries high risks. Party A acknowledges and agrees to bear all risks associated with using futures trading services.
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Party A must fully understand the risks of futures trading, take full responsibility for all trading and non-trading activities in their account, and avoid trading or investing beyond their financial capacity.
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Party A is responsible for verifying the true status of their positions. Party B is not liable for any display errors caused by system issues.
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Party A must maintain sufficient blockchain assets in their margin account to support futures trading and repay loans in full and on time. Failure to maintain sufficient assets or repay loans may result in forced liquidation of assets in the margin account.
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During system maintenance, Party A is solely responsible for managing their margin account, including closing positions and repaying loans, and bears all associated risks.
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Party A is solely responsible for all trading, futures trading, and borrowing activities. Party B is not liable for losses caused by Party A’s lack of understanding of risks or use of services.
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Party A confirms that all investment actions reflect their true intentions and accepts the potential risks and benefits of their investment decisions.
Rights and Obligations of Party B
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Party B may take measures at its discretion to mitigate Party A’s potential losses, such as transferring assets between Party A’s margin account and exchange account.
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Party B reserves the right to suspend or terminate futures services at any time.
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Delays, suspensions, or deviations in futures services may occur due to network latency, system failures, or other uncontrollable factors. Party B will strive to ensure service stability but is not liable for outcomes that differ from Party A’s expectations.
User Declaration
Users must carefully read and agree to the 「LBank Futures Service Agreement」, and understand the risks of futures trading and voluntarily use LBank’s futures services.