Futures Service Agreement

This Futures Service Agreement (hereinafter referred to as "this Agreement") is entered into by and between you (hereinafter referred to as the "User") and the Tbbit trading platform (hereinafter referred to as "the Platform" or "Tbbit"). Please read, understand, and agree to all terms of this Agreement carefully before using the Platform's futures trading services.

I. Definitions

1. Futures Trading: Refers to derivative transactions based on digital assets conducted by users, including but not limited to perpetual contracts and other products.

2. User: Includes both individual users and institutional users registered on the Platform.

3. Margin: Refers to the assets required to be frozen to open a futures position.

4. Forced Liquidation: The action where the system automatically closes part or all of a user's positions when the account risk rate falls below the Platform's preset threshold.

II. Scope of Services

1. The Platform provides users with digital asset futures trading services, including opening positions, closing positions, order placement, leverage adjustment, take-profit/stop-loss, and automatic forced liquidation functions.

2. Users may trade based on different leverage multiples provided by the Platform, subject to actual support by the Platform.

III. Trading Rules

1. All futures trades are executed based on the Platform's matching system; users shall bear the risks brought by market fluctuations.

2. Leverage ratios can be independently chosen by users, but the Platform reserves the right to adjust the upper leverage limit during extreme market conditions or for risk control needs.

3. When the user's account margin rate falls below the maintenance margin rate, the system will automatically trigger the forced liquidation mechanism.

4. Users should ensure sufficient account assets to avoid additional losses caused by forced liquidation.

IV. Risk Disclosure

1. Futures trading is a high-risk investment behavior that may lead to the total loss of account assets. Users should participate cautiously based on their own risk tolerance.

2. The Platform shall not be held liable for losses caused by market fluctuations, system delays, technical failures, or user operational errors.

V. Rights and Obligations of the User

1. Users have the right to use various futures trading services provided by the Platform.

2. Users shall properly safeguard their account and login information; losses caused by the user's own reasons shall be borne by the user.

3. Users are obligated to comply with this Agreement and relevant rules and announcements subsequently released by the Platform.

VI. Rights and Limitation of Liability of the Platform

1. The Platform has the right to suspend, terminate, or limit user accounts or trading privileges when necessary, especially upon discovery of abnormal trading behavior or suspected illegal activities.

2. The Platform has the right to adjust futures rules based on market risk conditions and regulatory requirements, notifying users in advance via announcements or other methods.

3. The Platform shall not bear any liability for compensation for service interruptions or trading abnormalities caused by force majeure factors (including but not limited to network failure, system abnormality, hacker attacks, etc.).

VII. Modification and Termination of the Agreement

1. The Platform has the right to amend this Agreement when necessary and will notify users through platform announcements, in-site notifications, or other reasonable methods.

2. If the user does not agree with the modified content, they have the right to stop using the Platform's services; continued use shall be deemed as acceptance of the agreement changes.

Tbbit Exchange