The following are examples of risks. For more information on risks and details on other risks, please read the risks of Spot Trading, Lightning FX, and Lightning Futures.
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Price Fluctuation Risks
Virtual currency exchange transactions carry the possibility of loss owing to price fluctuations in the virtual currency of transaction as well as other price fluctuations. Note that unexpected or specific events, including but not limited to changes to the balance of supply and/or demand, changing prices of commodities, fiat currencies, or other markets, natural disasters, wars; changes to laws, regulations, statutes, and governments, and changes to virtual currencies may cause drastic price fluctuations of virtual currencies. The price may even fall to zero. For Lightning FX and Lightning Futures transactions, as the transaction amount is proportionately greater than the margin deposited by the registered user for the transaction, with the potential for losses to be amplified proportionally when using leverage, the amount of loss may exceed the margin pledged.
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Business Hours Risks
In situations such as when system maintenance is underway, virtual currency exchange transactions and their associated requests cannot be carried out. During these times, there is the risk of market prices fluctuating significantly. In addition, during these periods, some requests related to virtual currency exchange transactions cannot be accepted.
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Virtual Currency Network Risks
Virtual currencies are electronically recorded and may be lost during transfer across the network. Virtual currency transactions (transaction confirmation on blockchains) will be held for a certain period of time until an adequate amount of trade confirmations have been received. There is also a risk of losses being incurred if any serious problems occur during the transfer process. There are also risks of virtual currency being lost or prices decreasing due to cyber attacks, et cetera.
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System Risks
As a result of causes that include, but are not limited to, damage to the telecommunications networks, systems, and equipment used by the company and customers, damage to a connection, natural disasters such as earthquakes, lightning, and fires, and cyber attacks, etc., the electronic trading system may be rendered unusable temporarily, and transmission of customer orders may be delayed or fail to process, resulting in invalidation or completion in an unintended manner. Note that in the event of electronic trading system failure, all or part of the Service, including the execution of trades may be suspended or restricted by the company.
Login or other information (including, but is not limited to, email addresses, login IDs, API keys, passwords, API secrets, private keys, authentication codes, personal identification numbers (PIN), and the same when referred to by other names; collectively “login information”) used to electronically authenticate on the electronic trading system that it is stolen, intercepted, or otherwise leaked, may result in damages or losses to customers in the event that it is used maliciously by a third party.
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Risks of The Company's Bankruptcy, Etc.
There is a risk that the company will be unable to continue doing business due to reasons such as changes in the external environment. In the unlikely event that the company is unable to continue doing business, bankruptcy procedures (which include dealing with customer assets) will be carried out in accordance with applicable laws (the Bankruptcy Act, the Companies Act, the Corporate Reorganization Act, the Civil Rehabilitation Act, etc.). The fiat currency and virtual currencies deposited to us by the company’s customers are stored separately and managed separately from the company’s own assets.