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Profit Boost Service Specific Terms - 250414

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Profit Boost Service Specific Terms

Last Updated: 11 March 2025 

These Profit Boost Service Specific Terms (“Agreement”) shall apply to all users of the Profit Boost feature (as defined below) on the Trading Platform. Your access to and use of the Profit Boost feature shall constitute your agreement to the terms of this Agreement. 

All capitalised terms and references used in this Agreement that are defined and construed in the Derivatives Service Specific Terms (“Derivatives Terms”) but are not defined or construed in this Agreement shall have the same meaning and construction in this Agreement. For the avoidance of doubt, where a term is defined in the Derivatives Terms and in this Agreement, the definition provided in this Agreement shall (for the purposes of this Agreement only) apply. 

The terms in this Agreement shall be supplemental to and are to be read together with the Derivatives Terms. In the event of any conflict or inconsistency between the terms in this Agreement or the Derivatives  Terms, the terms in this Agreement shall prevail with respect to the services contemplated hereunder unless expressly stated otherwise.

Unless otherwise expressly agreed by us in writing, this version of this Agreement shall replace and supersede all previous versions of this Agreement that may have been accepted by you or otherwise made available on the Trading Platform.

Risk Disclosure

Our Trading Platform provides access to Derivatives on cryptocurrencies. Futures are leveraged products which are complex and may not be suitable for inexperienced investors. Please also refer to clause 20 of our Terms of Use for full disclosure on all the risks related to the use of the Trading Platform.

BY TRADING ON THE TRADING PLATFORM, YOU CAN LOSE UP TO YOUR ENTIRE DEPOSIT IN A VERY SHORT PERIOD OF TIME. The amount you may lose is potentially unlimited and can exceed the amount which you originally deposit with us. This is because Derivatives trading is highly leveraged. Be cautious of claims that you can make large profits from trading Derivatives. You should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience and knowledge before you decide to trade.

When trading on our Trading Platform, it is your responsibility:

  • To familiarise yourself with cryptocurrencies and our Trading Platform’s cryptocurrency Derivatives before you start trading.
  • To monitor your open positions and/or to reduce your position or deposit additional margin (where applicable) to avoid a losing position being closed out.
  • Not to deposit more than you can afford to lose.
  • Not to build positions that are beyond your financial capacity to maintain.
  • By using the Trading Platform, you acknowledge that you have understood the associated risks and that you accept these risks, in particular that:
  • Cryptocurrency is a highly volatile asset class and is based on decentralised monetary protocols which are still in experimental stage and may change at any time.
  • Trading Derivatives exposes you to market risk. This is the risk that you suffer a loss as a result of a position in Derivatives moving against you. If you hold a long position and the cryptocurrency price declines or if you hold a short position and the cryptocurrency price increases, you can lose all of your assets.
  • Trading Derivatives exposes you to credit risk. This is the risk that one or more of your counterparties have deposited insufficient collateral into their account such that you may not receive some or all of the cryptocurrency or legal tender they owe you.
  • Trading Derivatives exposes you to liquidity risk. This is the risk that you suffer a loss because you cannot close out a Futures position because there is no demand to take the other side of that trade.
  • Trading Derivatives exposes you to platform parameters risk. This is the risk that you suffer a loss because we have had to change parameters on the platform such as the margin requirements.
  • Trading Derivatives exposes you to operational risk. This is the risk that you suffer a loss because of a malfunction of the Trading Platform, for example resulting from scheduled or unscheduled downtimes, matching system failure, database failure, cryptocurrency transfer or storage failure, failure or malfunction of the Application Programming Interface (API), hacker attacks or other failure or malfunction.
  • Trading Derivatives exposes you to regulatory risk. This is the risk that you suffer a loss because we have to restrict or terminate elements of our service in response to regulatory action.
  1. Definitions and Interpretation
    1. The following definitions are applicable to the terms of this Agreement:

“Boost Period” shall have the meaning given to it in Clause 3.1; and

“Profit Boost” shall have the meaning given to it in Clause 3.1.

  1. The headings of each provision in this Agreement are inserted for convenience only and shall not affect the construction of this Agreement. Expressions in the singular form shall include the plural and vice versa, and all references to the masculine genders shall include the female and neuter genders and vice versa.
  2. The words “include” or “including” shall be deemed to be followed by “without limitation” or “but not limited to” whether or not they are followed by such phrases or words of like import, and “otherwise” shall not be construed as limited by words with which it is associated.
  1. Provision of Profit Boost feature
    1. The Profit Boost is a feature made available by us on the Trading Platform to enhance your use of the Derivatives Trading Services. By accessing your Account and using the Profit Boost feature, you hereby authorise us as your agent to transmit your Profit Boost Order to third parties who will act as counterparties for your Profit Boost Order (which may include Liquidity Providers selected at our sole discretion). You acknowledge and agree that we are acting as an agent and not as principal with respect to the Profit Boost feature, and that counterparties for your Profit Boost Order may include entities affiliated to us. 
    2. If any of our third party counterparty agents in Clause 2.1 are unable to settle any profits earned by you from the Profit Boost feature for any reason whatsoever, you acknowledge and agree that we may settle such outstanding Transactions using the Insurance Fund maintained by us.
    3. By accessing your Account and using the Profit Boost feature, you agree to be bound by (i) the terms of this Agreement; (ii) the Derivatives Terms; (iii) the Terms of Use; and (iv) any other rules that may be provided by us from time to time including, without limitation, any applicable Guides, terms of service, and/or trading protocols that we determine to form part of this Agreement in our sole and absolute discretion (as available here or on such other webpage as notified by us from time to time).
    4. Nothing in this Agreement or otherwise obliges us to provide the Profit Boost to you and we may change, suspend, terminate, restrict or discontinue the Profit Boost or any other information, features or functions available through the Trading Platform at any time in our sole and absolute discretion, without providing any reason or any Notice to you thereof. 
  2. Availability of Profit Boost feature
    1. Subject to Clauses 3.4 and 5, an option to "boost" profits earned on existing Perpetual Futures Contract positions will be provided on the Trading Platform. Upon activation of the “boost” option on selected Perpetual Futures Contract position(s), we will temporarily increase the profits earned on your selected position(s) by a multiplier (such multiplier to be as indicated on the Trading Platform at the point prior to activation of the “boost” option) (the “Profit Boost”) for a maximum period of 5 minutes or such other period selected by you on the Trading Platform (the “Boost Period”). By way of illustration of the Profit Boost: 
  • You enter into a long position with 1 BTC as margin at an opening price of 50,000 USDT (Entry Price) at 15:00H with 5x leverage.
  • You activate the Profit Boost at 15:00H with a 2x multiplier to any profits earned during the Boost Period. 
  • The price increases during the Boost Period, and you exit at 55,000 USDT (Exit Price).
  • Profit: (Exit Price - Entry Price) * position size * initial leverage size * 2 (boost multiplier) = (55,000 - 50,000) * (1) * 5 * 2 = 50,000 USDT.
  1. Each user shall be entitled to a maximum of 5 Profit Boosts per calendar day. For purposes of this Clause 3.2, a calendar day refers to a 24-hour period starting at 00:00H (UTC+0 hours) and ending at 23:59H (UTC+0 hours).
  2. The Profit Boost shall only apply to the initial principal and leveraged amount in the selected Perpetual Futures Contract position at the time the Profit Boost is activated. Any increase in the principal amount of the selected Perpetual Futures Contract position after the Profit Boost is activated shall not be subject to the Profit Boost.
  3. The availability of the Profit Boost is subject to (i) payment of all fees and charges in Clause 6; and (ii) certain eligibility criteria determined by us at our sole discretion, including but not limited to, position size limitations, regulatory restrictions or market conditions. Notwithstanding the foregoing, we reserve the right to restrict or deny access to the Profit Boost for any reason, determined at our sole and absolute discretion. 
  1. Termination of Profit Boost
    1. Subject to Clause 4.2 below, the Profit Boost will lapse automatically upon the expiry of the Boost Period and profits earned from the Profit Boost (if any) will be realised and credited to your Account balance. For the avoidance of doubt, the relevant Perpetual Futures Contract position shall subsist upon automatic lapsing of the Profit Boost feature. 
    2. Upon the occurrence of any of the following events prior to the expiry of the Boost Period, the Profit Boost shall lapse with immediate effect and boosted profits earned from the Profit Boost (if any) shall be realised and credited to your Account balance:
      1. Flipping a long position to a short position (and vice versa);  
      2. The submission of an Order for closure (including any partial close-outs) of the selected position by you in accordance with clause 3 of the Derivatives Terms. In respect of partial close-outs, only the Profit Boost applied to the principal amount being closed shall lapse. The remaining principal amount in the Perpetual Futures Contract position that subsists shall continue to benefit from the Profit Boost until expiry of the Boost Period; 
      3. The Mark Price of the relevant Perpetual Futures Contract position hits the Liquidation Price and the relevant Perpetual Futures Contract position is liquidated; or
      4. Any termination event under clause 5.1 of the Derivatives Terms.  
  2. Losses during Boost Period 

Any unrealised financial losses incurred on the selected Perpetual Futures Contract position during the Boost Period shall be limited to those accrued from the initial leverage size prior to activating the Profit Boost. The increased leverage position during the Boost Period shall not accrue additional unrealised financial losses on the selected position. By way of illustration: 

  • You buy a long position of 1 BTC at an opening price of 50,000 USDT (Entry Price) at 15:00H with 5x leverage.
  • You activate the Profit Boost at 15:00H with a 2x multiplier to any profits earned during the Boost Period. Losses incurred during the Boost Period will not be affected.
  • The price drops during the Boost Period, and you exit at 45,000 USDT (Exit Price).
  • Loss: (Exit Price - Entry Price) * position size * initial leverage size = (45,000 - 50,000) * -1 * 5 = 25,000 USDT. 
  1. Fees for Profit Boost
    1. You acknowledge and agree that you will incur fees which are payable immediately on each occasion that the Profit Boost for a Perpetual Futures Contract position is activated. Such fees will be indicated on the Trading Platform prior to activation of the Profit Boost and are strictly non-refundable.
    2. Upon activation of the Profit Boost on a Perpetual Futures Contract position, the applicable fees in Clause 6.1 shall be automatically deducted from your Account balance.
    3. In the event that there are insufficient Digital Assets in your Account balance, you will be prompted to deposit the required amount on the Trading Platform and the Profit Boost will not be activated.
    4. Any fees and charges on the Trading Platform may vary from time to time due to, amongst other things, the applicable Perpetual Futures Contract position size, market volatility, duration of Boost Period or for any other factor determined at our sole and absolute discretion. Any changes to the fees and charges for activating Profit Boost will be reflected on the Trading Platform prior to activation of the feature. If you do not agree to the fees and charges required to activate Profit Boost, you must not use the Profit Boost feature.
    5. We may apply certain discounts and/or rebates to the fees and charges in the form of a voucher in our sole and absolute discretion. Nothing in this Agreement shall oblige us to provide any vouchers or discounts to you. Any vouchers available to you will be applied automatically on the Trading Platform prior to activation of the Profit Boost on the selected Perpetual Futures Contract position. 

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