disclosures

Legal Disclosures

Risk Disclosure Statement

The risk of loss in trading forwards, non-deliverable forwards, spot transactions, futures, and virtual currencies is substantial; therefore, only genuine "risk" funds should be used in such trading. An investment in forward contracts, non-deliverable forward contracts, spot transactions, futures, or virtual currencies is speculative, involves a high degree of risk, and is suitable only for persons who can assume the risk of loss in excess of their margin deposits. You should carefully consider whether trading in hashrate derivatives, virtual currencies, or forwards is appropriate for you in light of your investment experience, trading objectives, financial resources, and other relevant circumstances. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status. Virtual currencies are sometimes exchanged for U.S. dollars or other currencies globally, but they are not currently backed or supported by any government or central bank. Their value is completely derived from market forces of supply and demand, and they are more volatile than traditional fiat currencies. Profits and losses related to this volatility are amplified in margined futures contracts.

For hedgers – those who own Bitcoin or other virtual currencies and who are looking to protect themselves against potential losses or intend to buy virtual currencies in the future – futures contracts and options are intended to provide protection against this volatility. However, like all futures products, speculating in these markets should be considered a high-risk transaction.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. An investor should understand these and additional risks before trading.

All information, communications, publications, and reports, including this specific material, used and distributed by Luxor Technology Corporation (“Luxor”) shall not be construed as or be in the nature of a solicitation for entering into a virtual currency or derivatives transaction.

This website is not directed at or intended for publication or distribution to any person in any jurisdiction where doing so would contravene applicable laws or regulations. It is the responsibility of the individual user to consider their legal and regulatory position in their relevant jurisdiction, the risks associated with trading virtual currencies or futures, and to ensure that the use of the content on this website and the subsequent making of any investment does not contravene any such restrictions or applicable laws and regulations. To the extent that you have received this communication indirectly and solicitations are prohibited in your jurisdiction, the market commentary in this communication should not be considered a solicitation.