Agreement Acceptance & Scope of Application

By participating in LBank Grid Trading, you acknowledge that you have read, understood, and accepted all terms and conditions of this LBank Grid Trading Service Agreement (hereinafter referred to as “this Agreement”), and agree to be bound by and comply with its provisions. If you do not fully understand or agree with any part of this Agreement, please refrain from using any LBank Grid Trading features.

This Agreement applies to your use of all grid trading tools on the LBank platform (collectively referred to as “LBank Grid Trading”). These tools are designed to assist users in automatically placing orders based on predefined execution logic for spot and/or futures trading. Grid trading types offered by LBank may include, but are not limited to, spot grid and futures grid.

This Agreement forms an integral part of the “LBank Terms of Use”,“LBank User Agreement” and “LBank Futures Trading Service Agreement”(collectively referred to as the “Service Agreements”), and has equal legal effect. Terms used but not specifically defined in this Agreement shall have the same meaning as assigned in the Service Agreements. Unless expressly provided otherwise herein, in the event of any conflict between this Agreement and other provisions of the Service Agreements, this Agreement shall prevail.

General Disclaimer

LBank provides grid trading functionality without intending to offer any investment advice, nor does it recommend any specific grid trade, trading strategy, or parameters as suitable for users. Users are solely responsible for deciding whether to use grid trading and for selecting appropriate features, strategies, and parameters based on their individual investment objectives, risk tolerance, financial situation, and needs.

LBank makes no representations or warranties regarding the outcomes of using grid trading and assumes no liability for any losses incurred by users arising from or related to the use of grid trading.

Spot Grid & Futures Grid Trading

Users may create spot and/or futures grid trading strategies on the LBank platform. The system will automatically execute relevant spot and/or futures trades based on user-defined parameters (each set of parameters corresponding to one “grid trading strategy”) through algorithmic processes. Users acknowledge that the selected parameters determine the operation of the grid trading strategy, and users are solely responsible for determining and confirming all parameters and execution methods, whether preset by the platform, copied from other users’ strategies, or manually set by the user.

Users shall ensure that the selected grid trading strategy aligns with their personal investment objectives and complies with any applicable restrictions or conditions. The use of grid trading strategies is at the user’s sole discretion. LBank is not responsible for assessing the suitability of any strategy or parameters for the user and does not guarantee profitability from any strategy. All risks associated with grid trading strategies are borne entirely by the user.

Users further acknowledge that historical performance of any grid trading strategy does not indicate future results, and future performance may involve losses or underperform historical results.

In addition, users are aware that LBank provides various risk control measures, including manual and automatic circuit breakers and termination switches. These measures may be triggered due to regulatory requirements, market anomalies, or system failures, resulting in the cancellation of running grid trading strategies. LBank assumes no liability for any losses arising from such strategy cancellations.

Given the foregoing risks, users should thoroughly understand the risks of grid trading strategies and conduct comprehensive due diligence to ensure suitability for using this feature.

The use of grid trading strategies will incur trading fees. Users should consider the impact of fees on strategy performance before creating or activating a strategy.

Digital Asset Risks

Digital asset prices are subject to high market risk and volatility, and may experience significant fluctuations at any time. Due to price volatility, the value of assets held by users may rise or fall substantially at any moment, potentially resulting in inability to recover the initial investment principal.

Users should not trade or invest amounts exceeding what they can afford to lose. Before deciding to use grid trading, users should carefully assess relevant risks based on their financial situation, experience, and risk appetite. If necessary, users should consult an independent financial advisor. Actual returns and losses depend on various factors, including but not limited to market behavior, volatility, and trade size. Past performance is not indicative of future results, and the value of investments may rise or fall.

LBank does not provide financial or investment advice.