The Block Trading Service ("Block Trading Service," "Service," or "Services") is a trading service provided by Aux Cayes FinTech Co. Ltd, a company incorporated in Seychelles ("OKX," "Company," "we," "our," or "us") through its Platform.
These Block Trading Service Terms ("Terms") govern the use of the Block Trading Service and any related services provided by OKX to you ("User" or "you"). By accessing the Service and related offerings, you acknowledge that you have read, understood, and agreed to all terms and conditions herein (including any future modifications made unilaterally by OKX). Failure to accept these Terms means you are not authorized to use the Service.
1. Scope of Terms
These Terms include:
- OKX’s system specifications.
- Related agreements or rules published on the OKX Website.
- The OKX User Agreement, which binds you legally.
By using the Service, you confirm acceptance of all applicable terms.
2. Eligibility and User Responsibilities
Eligibility
To use the Service, you must:
- Be at least 18 years old (if an individual) or legally authorized (if representing an entity).
- Have the necessary experience and risk tolerance for digital asset trading.
- Ensure all digital assets in your OKX account are legally sourced.
Prohibited Activities
You agree not to:
- Engage in illegal activities (e.g., money laundering, fraud, terrorist financing).
- Manipulate markets or exploit system vulnerabilities.
- Use the Service for unauthorized commercial promotions.
3. Block Trading Service Overview
Definition
Block Trading involves large, privately negotiated securities transactions settled via an exchange. It is designed for institutional investors, hedge funds, and high-net-worth individuals.
Key Features
- Request for Quote (RFQ): A request sent to market makers for pricing a specific instrument.
- Minimum Block Size: The smallest trade size eligible for Block Trading, as determined by OKX.
Service Termination
OKX may suspend or terminate the Service due to:
- Legal/regulatory requirements.
- Force majeure events (e.g., cyberattacks, natural disasters).
- Market conditions necessitating discontinuation.
4. Risk Disclosures
Market Risks
- Digital asset values can fluctuate significantly.
- Technical issues may delay or prevent transactions.
- Market anomalies may lead to losses.
Limitation of Liability
OKX disclaims responsibility for:
- Losses due to force majeure or third-party actions.
- Indirect/consequential damages.
- User errors or misinterpretations of Terms.
👉 Learn more about risk management
5. Compliance and Enforcement
Unfair Trading Practices
OKX prohibits:
- Price manipulation.
- Exploitative behaviors harming users or the Platform.
Remedial Actions
OKX may:
- Restrict or cancel orders.
- Suspend/close accounts violating Terms.
6. Governing Law and Dispute Resolution
- Jurisdiction: English and Welsh law governs these Terms.
- Arbitration: Disputes unresolved via mediation will be settled by HKIAC arbitration in Hong Kong (conducted in English).
FAQ Section
Q1: What is the minimum block size for trading?
A: OKX sets the minimum block size, which may vary based on market conditions.
Q2: Can I cancel a block trade after execution?
A: No, block trades are binding once executed.
Q3: How does OKX protect against market manipulation?
A: OKX monitors for abusive practices and enforces penalties, including account suspension.
👉 Explore OKX’s security measures
7. Amendments and Notices
OKX may unilaterally modify these Terms. Continued use after changes constitutes acceptance.
For inquiries, contact: [email protected].
By using the Service, you agree to these Terms and acknowledge the risks involved. Always conduct independent research before trading.
Last updated: [Current Date]