BitTrade Co., Ltd. press release (2024.10.24) BitTrade Co., Ltd. BitTrade: [Lending and increasing/lending crypto assets] Announcement of regular recruitment start BitTrade Co., Ltd. (location: Minato-ku, Tokyo, President and CEO: Seki Lei, hereinafter referred to as “BitTrade”) will start selling Bitcoin (BTC), /We will carry out a “regular recruitment” of crypto assets for rent of Ripple (XRP) and Jasmy (JASMY). Please join us.
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https://www.bittrade.co.jp/ja-jp/financial/intro#simulation Notes When applying, please carefully check the application conditions and notes regarding crypto asset lending services before applying. After the recruitment ends, there is a possibility that we will conduct recruitment with the same content. The displayed date is Japan time. Please check the rental status on our app or on the web page after logging in. Taxes, public dues, and other miscellaneous expenses related to this service shall be paid at the customer’s own expense (please contact the tax office for details). The recruitment will end as soon as the total recruitment amount is reached. Thank you for your continued support of BitTrade. [Notes regarding crypto asset lending services] In principle, individual contracts related to this service cannot be canceled mid-term (for mid-term cancellation, please refer to Article 10 of the Crypto Asset Lending Service Terms and Conditions). This service does not fall under the category of crypto asset exchange business based on the Act on Fund Settlement (Act No. 59 of 2009, including subsequent amendments), and the crypto assets that customers lend to us are subject to the same law. They are not subject to separate management based on . You do not have the right to receive payment in advance of other creditors for the crypto assets you have lent to us. In this service, the contract concluded between the customer and the Company is an unsecured consumption loan contract, and if the Company goes bankrupt, there is a risk that the crypto assets lent by the customer to the Company will not be returned. The Service is not a deposit product or deposit-like product and is not covered by deposit insurance. Crypto assets borrowed by the Company through this service cannot be sold or withdrawn until the specified period has passed and the crypto assets are returned by the Company. The price of crypto assets fluctuates every day due to the supply and demand balance of crypto asset transactions as well as changes in various external environments. Natural disasters, wars, political upheavals, terrorism, tightened regulations, market conditions for other similar crypto assets, and other unexpected special events may cause the prices of crypto assets to fluctuate rapidly and decline significantly. As a result, you may incur losses if the price of the crypto asset falls significantly below the price at the time of lending. The lending conditions and rental fee rates for this service are subject to change depending on recruitment status and market trends. Thank you for your understanding in advance. [Precautions when using crypto assets] Cryptocurrency is not a “legal currency” whose value is guaranteed by the government like the yen or dollar. Electronic data exchanged over the Internet. If you lose your private key used for crypto asset transactions, you will not be able to use your crypto assets and may lose their value. Crypto assets may lose their value due to failure of blockchain or other transfer recording mechanisms. Although we manage our customers’ assets separately from our own assets, in the event that our company goes bankrupt, we may not be able to return the assets entrusted to us. Cryptoassets may be used for payment of compensation only with the consent of the person receiving the compensation. The price of crypto assets may fluctuate. If the price of your crypto assets plummets or suddenly becomes worthless, you may incur losses. Crypto asset exchange companies must register with the Financial Services Agency/Financial Bureau. We are a registered crypto asset exchanger. When trading crypto assets, please receive explanations from us, understand the details of the
transaction, and use your own judgment. [Risk
explanation regarding leveraged trading] Leveraged trading allows you to trade with a larger amount than the funds deposited as margin, so it is highly efficient in investment and you can expect a large return on your funds. There is a possibility of incurring losses, which may exceed the margin. In leveraged trading, there is a spread (price difference) between the buy price (ASK) and the ask price (BID), and when the market changes suddenly or liquidity drops significantly, the spread (price difference) may widen or order acceptance may be suspended. If you do so, you may not be able to conduct the
transaction as intended. There may be a difference (slippage) between the price displayed on the trading screen at the time of order placement and the actual executed price. This may occur due to the communication environment between the terminal used by the customer and our trading system, or due to sudden changes in market prices, etc., which may result in time required for execution processing in our system after receiving the customer’s order, which may work for or against the customer. there is. Position management fees may be incurred for trading. [Risk Warning]
https://www.bittrade.co.jp/about/risk/ BitTrade Co., Ltd. Crypto Asset Exchange Business Kanto Local Finance Bureau No. 00007 Type 1 Financial Instruments Business Kanto Local Finance Bureau (Kinsho) No. 3295 Member Association: Japan Crypto Asset Exchange Association Contact: https://bittrade.zendesk.com/hc/ja/requests/new