Bitunix Risk Control Policy

I. Overview

1. Purpose and Basis

2. Scope of Application

3. Key Definitions

• High-frequency trading: Defined by any of the following:
  • Orders and positions with a holding time of less than 3 minutes accounting for 50% or more of the total daily order count.
  • Orders and positions with a holding time of less than 3 minutes accounting for 50% or more of the total daily value volume
  • Average daily holding time of a single account being less than 3 minutes.
  • For multiple related accounts, cumulative daily trades exceed 150 times.
• Hedging / Mirror Trading: Conducting two or more trades involving correlated assets in opposite directions with equivalent quantities, offsetting gains and losses with one or more accounts.
• Price lag: The phenomenon where the actual trading price of a platform asset fails to promptly reflect the latest market information or price changes.
• Price manipulation: Deliberately influencing the price of an asset through improper or illegal means.

II. Identification of Abnormal Behavior

1. High-frequency trading.
2. Frequent order placements and cancellations.
3. Large-scale order placements and cancellations.
4. Internal hedging within an account and/or coordinated hedging with other accounts.
5. Trading with the sole purpose of generating commissions for third-parties.
6. Arbitraging using cashback/bonuses/trial funds.
7. Trading predominantly or entirely during low-liquidity periods.
8. Abusing price lags, price manipulation, or time-based manipulation.
9. Trading based on erroneous prices and/or completing trades at non-market prices.
10. Mass/bulk account registrations for promotional rewards.
11. Multi-account operations, including but not limited to:
    1. Accounts operated from the same location.
    2. Accounts sharing the same IP address/ID/phone number, etc.
    3. Accounts with identical deposit and withdrawal patterns.
    4. Accounts exhibiting similar or identical trading behavior.
    5. Accounts using the same device.
12. Account operations aimed at exploiting internal transfer services.
13. Excessive and/or malicious actions intended to gain profit with minimal or no risk.
14. Reverse-engineering the trading platform or bypassing security measures.
15. Using artificial intelligence to analyze the platform or system.
16. Utilizing electronic devices, software, programs, algorithms, or bots that may compromise the security or disrupt the normal trading order of the Bitunix exchange system.
17. Spreading malicious rumors or falsehoods that harm the platform's brand or market integrity.
18. Other behaviors deemed inappropriate by the Bitunix exchange.

III. Management of Abnormal Trading Behavior

1. Temporarily or permanently block/suspend/terminate the user’s account and/or other accounts deemed involved.
2. Restrict opening or closing positions and/or modify trades.
3. Require users to close positions within a specified time or forcibly close open positions at the current market price.
4. Change or increase margin requirements.
5. Void any profits generated from the abnormal behavior.
6. Restrict withdrawals, deposits, internal transfers, or other payment methods available to the user.
7. Consolidate accounts and balances to offset any obligations to the platform.
8. Restrict, suspend, or terminate the user's access to the Bitunix website.
9. Request various legal documents from the user.
10. Take legal action to recover any losses incurred by the platform.
11. Take measures required by legal or regulatory authorities.
12. Any other measures deemed appropriate by Bitunix.

IV. Disclaimer