CHAPTER 1
GENERAL PROVISIONS
1.1 Application of this Rulebook
This Rulebook forms part of the contractual framework governing the use of the Bitunix Platform and applies to every person who accesses or uses any Bitunix product or service.
It establishes the standards of conduct applicable to all users and provides the framework under which Bitunix may monitor market activity, investigate suspected misconduct, implement protective measures and take enforcement action where necessary to preserve market integrity, platform security and user protection.
This Rulebook applies in addition to the Bitunix User Agreement , the Privacy Policy , the Bitunix Restricted Regions and User Eligibility Notice, the Risk Disclosure , the Anti-Money Laundering Policy , product-specific rules and any other policies published by Bitunix from time to time. Together, these documents govern the relationship between Bitunix and its users.
In the event of any inconsistency, applicable law shall prevail. Subject to applicable law, the Bitunix User Agreement shall prevail over this Rulebook unless expressly stated otherwise. This Rulebook shall prevail over any campaign or promotional rules to the extent necessary to protect market integrity, platform security or regulatory compliance.
1.2 Interpretation
This Rulebook shall be interpreted in a manner consistent with its purpose of maintaining a fair, orderly and secure marketplace.
In determining whether conduct constitutes a breach of this Rulebook, Bitunix may consider the economic substance and commercial purpose of the relevant activity, the overall pattern of trading, relationships between accounts, the practical effect of the conduct and the totality of the surrounding circumstances, rather than merely the legal form, technical structure or appearance of any individual transaction or arrangement.
The examples contained in this Rulebook are illustrative only and do not constitute an exhaustive list of prohibited conduct. Conduct not expressly described in this Rulebook may nevertheless constitute a breach where Bitunix reasonably determines that such conduct is inconsistent with the objectives of this Rulebook or otherwise threatens market integrity, platform security, regulatory compliance or the legitimate interests of users.
1.3 Powers of Bitunix
To maintain the integrity and security of the Platform, Bitunix may monitor user activity, conduct reviews and investigations, request information and supporting documentation, verify user information, assess account risk, restrict or suspend access to products or services, cancel, reverse or adjust transactions where appropriate, recover improperly obtained rewards or benefits, and take any other action reasonably necessary to protect the Platform, its users or its legal and regulatory obligations.
Where Bitunix reasonably considers it necessary to prevent ongoing harm, preserve evidence or protect market integrity, protective measures may be implemented before an investigation has concluded.
Nothing in this Rulebook limits Bitunix's right to take immediate action where required for security, legal, regulatory or operational reasons.
1.4 User Responsibilities
Users are expected to use the Platform honestly, fairly and in good faith and only for lawful and legitimate purposes. Each user must comply with this Rulebook, the Bitunix User Agreement and all applicable Bitunix policies, provide complete and accurate information whenever requested, cooperate fully with any compliance review or investigation and follow any reasonable instruction issued by Bitunix in connection with risk management, regulatory compliance or platform security.
Users must not engage in conduct that undermines market integrity, circumvents platform controls, interferes with the proper operation of the Platform or unfairly prejudices other users. A failure to cooperate with Bitunix during a review or investigation may itself constitute a breach of this Rulebook and may result in the application of protective measures or enforcement action.
CHAPTER 2
MARKET CONDUCT AND PROHIBITED ACTIVITIES
2.1 General Standard of Conduct
The Bitunix Platform is intended to facilitate genuine market participation and legitimate trading activities. Users are expected to conduct their activities independently, honestly and in good faith, and to use the Platform only in a manner consistent with its intended commercial purpose.
No user may engage in any conduct that undermines market integrity, interferes with the orderly operation of the Platform, circumvents applicable rules or controls, or otherwise obtains an unfair advantage over other users. Compliance with the literal wording of this Rulebook shall not, by itself, prevent Bitunix from determining that particular conduct is abusive where its purpose, economic substance or practical effect is inconsistent with the objectives of this Rulebook.
2.2 Market Manipulation
Users must not engage in any activity that creates, attempts to create or is reasonably capable of creating a false or misleading appearance of market activity, liquidity, trading volume, supply, demand or price.
Market manipulation may arise from a single transaction, a series of transactions or coordinated activity between multiple accounts or participants. Whether a particular practice constitutes manipulation shall be determined by reference to all relevant circumstances, including the user's intent where it can reasonably be inferred, the foreseeable effect of the conduct and its overall commercial context.
Without limiting the generality of this provision, market manipulation includes conduct commonly known as wash trading, self-trading, spoofing, layering, quote stuffing, painting the tape, momentum ignition, ramping, market cornering, abusive squeezing, artificial liquidity creation and any comparable practice designed to distort genuine market conditions or interfere with fair price discovery.
The absence of actual market impact or financial loss shall not prevent Bitunix from determining that manipulative conduct has occurred where the available evidence reasonably demonstrates an attempt to manipulate the market.
2.3 Artificial Trading and Coordinated Activity
The Platform is designed for users who assume, manage or transfer genuine market risk. Users must not establish, participate in or facilitate any arrangement that artificially removes, transfers, predetermines or neutralises genuine market exposure for the primary purpose of obtaining platform benefits, promotional incentives or other commercial advantages.
Bitunix may regard trading activity as abusive where multiple accounts, participants or entities coordinate their trading behaviour to transfer profits or losses, predetermine trading outcomes, manipulate rankings or competitions, circumvent platform restrictions or otherwise obtain benefits that would not ordinarily arise through genuine and independent market participation.
The existence of separate accounts, different legal entities or different registered users shall not prevent Bitunix from assessing their conduct collectively where there are reasonable grounds to conclude that the relevant activity forms part of a coordinated arrangement or serves a common commercial objective.
2.4 Account Integrity
Each Bitunix account is intended to represent an independent user conducting genuine trading activities.
Users must not create, acquire, control or operate multiple accounts in a manner that circumvents eligibility requirements, platform restrictions, compliance measures or risk controls. Likewise, users must not establish paired, mirrored, offsetting or complementary account structures designed to reduce genuine market exposure, transfer value between accounts or manipulate the operation of the Platform.
Where Bitunix reasonably believes that two or more accounts are connected through ownership, control, beneficial interest, trading behaviour, funding arrangements, devices, networks or any other relevant relationship, Bitunix may consider those accounts collectively when applying this Rulebook.
2.5 Abuse of Promotions and Platform Benefits
Promotions, campaigns, competitions, bonuses, rebates, referral programmes and other incentives are intended to reward genuine participation in the Platform.
Users must not exploit such programmes through artificial trading activity, coordinated participation, repetitive trading structures, reward farming, artificial qualification or any other arrangement that is inconsistent with the intended purpose of the relevant programme.
Bitunix may disregard any activity that it reasonably considers artificial when determining eligibility for rewards or promotional benefits. Where benefits have been obtained through abusive conduct, Bitunix may refuse, cancel, recover or adjust those benefits together with any profits directly attributable to them.
Participation in any campaign or promotional programme does not create an unconditional right to receive or retain any reward until Bitunix has completed such verification and compliance review as it reasonably considers appropriate.
2.6 Technical Abuse, Misrepresentation and Circumvention
Users must not exploit software defects, pricing anomalies, latency, system vulnerabilities, operational errors or unintended platform functionality for commercial advantage.
Users must not provide false, misleading or incomplete information during registration, identity verification, compliance reviews, investigations, appeals or any other interaction with Bitunix. Nor may users conceal the true nature of their trading activities, account ownership or relationships between accounts, or otherwise seek to circumvent jurisdictional restrictions, platform controls, compliance requirements or other measures implemented by Bitunix.
Any attempt to circumvent this Rulebook may constitute a violation irrespective of whether the attempt ultimately succeeds. Likewise, a failure to cooperate with a reasonable request made by Bitunix during a compliance review or investigation may itself constitute a separate breach of this Rulebook.
2.7 Exploitation of Abnormal Market Conditions
Users must not knowingly exploit abnormal market conditions, pricing anomalies, valuation errors, delayed market adjustments, technical malfunctions, operational errors or other unintended circumstances affecting the operation of the Platform.
CHAPTER 3
MARKET SURVEILLANCE, INVESTIGATIONS AND INFORMATION REQUESTS
3.1 Market Surveillance
Bitunix continuously monitors activity across the Platform for the purpose of maintaining fair, orderly and secure markets. Monitoring may be carried out through automated systems, manual reviews or any other methods reasonably considered appropriate by Bitunix.
Market surveillance is not limited to completed transactions. Bitunix may monitor orders, cancellations, account activity, trading behaviour, funding activity, campaign participation, device information, blockchain transactions and any other information relevant to the operation and security of the Platform.
The existence of market surveillance does not limit Bitunix's ability to conduct further reviews or investigations whenever additional information becomes available.
3.2 Investigations
Bitunix may initiate a review or investigation whenever it reasonably considers that further examination is necessary.
An investigation may arise from automated alerts, abnormal trading activity, unusual account behaviour, suspicious transactions, customer complaints, compliance reviews, security incidents, technical alerts, campaign reviews, reports from third parties, requests from regulators or law enforcement agencies, or any other information that reasonably indicates further review may be appropriate.
Bitunix is not required to establish that a violation has occurred before commencing an investigation, nor is it required to disclose the source of any information giving rise to an investigation.
3.3 Information Requests
During a review or investigation, Bitunix may request any information or documentation reasonably relevant to the matter under consideration.
Such requests may relate to identity verification, source of funds, source of wealth, beneficial ownership, account control, trading activity, transaction history, business activities, device information or any other information that Bitunix reasonably considers necessary to assess compliance with this Rulebook or applicable law.
Users are expected to provide complete, accurate and timely responses. Information that is false, misleading, incomplete or deliberately withheld may itself constitute a breach of this Rulebook.
3.4 Verification
Bitunix may verify any information provided by users using internal records, blockchain analytics, transaction analysis, device analysis, public sources, third-party verification providers or any other lawful verification method.
Where the available information is inconsistent, incomplete or gives rise to reasonable compliance concerns, Bitunix may require further verification before permitting continued use of the Platform or particular services.
Bitunix is not required to rely exclusively on information supplied by a user and may independently assess the reliability and completeness of any explanation or supporting documentation.
3.5 Related Accounts
Where there are reasonable grounds to believe that multiple accounts are connected, coordinated or subject to common ownership or control, Bitunix may review those accounts collectively.
In determining whether accounts are related, Bitunix may consider all relevant circumstances, including ownership, beneficial interests, funding sources, devices, IP addresses, trading patterns, transaction behaviour, operational control, commercial relationships or any other information reasonably available at the time.
Separate registrations or differences in legal ownership shall not prevent Bitunix from treating multiple accounts as related where the overall evidence reasonably supports such a conclusion.
3.6 Confidentiality of Investigations
To preserve the integrity of its investigations, Bitunix is not required to disclose its surveillance systems, monitoring methodologies, internal risk models, investigative techniques, detection thresholds, compliance procedures or internal assessments.
Nor is Bitunix required to provide copies of internal reports, evidence, communications or investigative findings unless disclosure is required by applicable law.
Nothing in this Rulebook obliges Bitunix to disclose information where doing so could prejudice an investigation, compromise platform security, facilitate circumvention of the Platform's controls or otherwise undermine Bitunix's legal or regulatory obligations.
3.7 Investigation Outcomes
Upon completion of an investigation, Bitunix may determine that no further action is required, that continued monitoring is appropriate, that interim protective measures should remain in place or that one or more enforcement actions should be imposed under this Rulebook.
The conclusion of an investigation does not prevent Bitunix from reopening or expanding the matter if additional information subsequently becomes available.
CHAPTER 4
INTERIM PROTECTIVE MEASURES
4.1 General
Where circumstances reasonably indicate that user activity may present a risk to market integrity, platform security, other users or compliance with applicable legal or regulatory obligations, interim protective measures may be implemented at any stage of a review or investigation.
The implementation of a protective measure is precautionary in nature and shall not, of itself, constitute a finding that a breach of this Rulebook has occurred.
4.2 Nature of Protective Measures
Protective measures are intended to preserve the integrity of the Platform while relevant matters remain under review.
Depending upon the circumstances, access to particular products, services or account functions may be restricted, additional verification may be required, trading activity may be limited, withdrawals or deposits may be delayed or restricted, participation in campaigns or reward programmes may be suspended, positions may be required to be reduced or closed, or any other temporary measure reasonably necessary to manage the identified risk may be applied.
The particular measure adopted in any individual case shall depend upon the nature of the identified risk and the information reasonably available at the relevant time.
4.3 Verification Requirements
Where additional verification is considered necessary, continued access to the Platform or particular services may be made conditional upon the completion of further due diligence.
Such verification may include enhanced identity verification, proof of source of funds or source of wealth, confirmation of beneficial ownership, verification of trading purpose, device verification, liveness verification or any other information reasonably required to satisfy legal, regulatory or compliance obligations.
Failure to complete any requested verification within a reasonable period may result in the continuation or expansion of existing protective measures.
4.4 Related Accounts
Where protective measures are considered necessary in respect of one account, the same or similar measures may also be applied to any account reasonably believed to be connected through common ownership, control, beneficial interest or coordinated activity.
The application of protective measures to related accounts does not require conclusive proof of common ownership and may be based upon the information reasonably available at the time.
4.5 Duration and Variation
Protective measures shall remain in place only for so long as reasonably necessary, having regard to the nature of the relevant matter, the information available, the level of user cooperation and any applicable legal or regulatory requirements.
As additional information becomes available, existing measures may be maintained, varied, expanded or lifted without prior notice where circumstances reasonably require.
The removal of a protective measure shall not prevent further action from being taken should subsequent information justify additional review or intervention.
CHAPTER 5
ENFORCEMENT ACTIONS
5.1 General
Where a breach of this Rulebook has been established, or where the available evidence reasonably supports such a conclusion, appropriate enforcement action may be taken having regard to the nature of the conduct, its seriousness, its duration, its impact upon other users or the Platform, any benefit obtained, the level of user cooperation and all other relevant circumstances.
Nothing in this Rulebook requires any particular enforcement measure to be applied in any particular order. Different measures may be imposed individually or in combination according to the circumstances of the case.
5.2 Available Enforcement Measures
Enforcement action may include the issuance of warnings, enhanced monitoring, disqualification from campaigns or promotional programmes, cancellation or recovery of rewards, adjustment or reversal of transactions, removal of profits or other benefits improperly obtained, restrictions upon trading or particular services, suspension or closure of accounts, refusal of future access to the Platform, disclosure to competent authorities where required or appropriate, or any other measure reasonably necessary to preserve market integrity, platform security or compliance with applicable law.
Where more than one measure is appropriate, each may be applied independently or concurrently.
5.3 Improper Benefits
No user acquires any vested right to retain profits, rewards, rebates, bonuses, incentives or other benefits obtained through conduct that is inconsistent with this Rulebook.
Where a benefit would not have arisen but for abusive conduct, artificial trading activity, technical exploitation, manipulation, misuse of promotional programmes or any comparable conduct, the benefit may be removed, adjusted or recovered, together with any profits directly attributable to it.
Where reasonably practicable, consideration may be given to distinguishing between user principal, legitimate trading profits and improperly obtained benefits. Nothing in this Rulebook, however, requires any gain determined to be improper to be preserved.
5.4 Transaction Adjustments
Transactions, positions, balances or account records may be adjusted where reasonably necessary to correct technical errors, operational failures, pricing anomalies, abusive conduct or any other circumstance that materially affects the integrity of the Platform.
Any adjustment shall be determined having regard to the information reasonably available at the relevant time and the need to preserve fairness between users and the orderly operation of the market.
5.5 Account Suspension and Closure
Access to the Platform may be suspended or permanently terminated where continued access would present an unacceptable legal, regulatory, operational or market integrity risk.
Closure of an account shall not prevent further action in relation to associated accounts, previously completed transactions or any matter arising before the closure took effect.
A user whose access has been terminated may be refused access to future products or services offered by Bitunix, whether through the same account or otherwise.
CHAPTER 6
REVIEWS AND APPEALS
6.1 Requests for Review
A user who is directly affected by a protective measure or enforcement action may request that the relevant decision be reviewed through the procedures designated by Bitunix.
A request for review should clearly identify the decision being challenged and include any information or supporting documentation that the user considers relevant. Repeating arguments that have already been considered, without presenting any material new information, may result in the request being declined without further review.
The submission of a request for review does not suspend or invalidate any protective measure or enforcement action already in effect.
6.2 Review Process
A review shall be conducted on the basis of the information reasonably available at the time, together with any additional material provided by the user or otherwise obtained during the review.
Further enquiries may be undertaken where considered appropriate. Additional explanations, documents or verification may be requested if necessary to clarify matters relevant to the review.
The review process is administrative in nature and is intended to ensure that decisions are assessed fairly and consistently within the framework of this Rulebook.
6.3 Outcomes
Following completion of a review, the original decision may be affirmed, varied or withdrawn, either in whole or in part.
Where new information materially changes the factual basis upon which the original decision was made, protective measures or enforcement actions may be amended accordingly.
The completion of a review does not prevent further action being taken if subsequent information gives rise to additional compliance concerns or identifies further breaches of this Rulebook.
6.4 Information and Confidentiality
A review does not create any entitlement to disclosure of internal investigations, surveillance records, monitoring methodologies, compliance assessments, legal advice, risk models or any other confidential or proprietary information.
Information may be withheld where disclosure would prejudice an investigation, compromise platform security, facilitate circumvention of the Platform's controls or conflict with applicable legal or regulatory obligations.
6.5 Final Determination
Following completion of the review process, Bitunix shall issue its final determination for the purposes of the Platform's internal procedures.
Nothing in this Rulebook limits any rights or remedies that may otherwise be available under applicable law.
GENERAL PROVISIONS
Amendments
This Rulebook may be amended, supplemented or replaced from time to time to reflect changes in applicable law, regulatory requirements, market practices, technology, security considerations or the operation of the Platform.
Unless otherwise required by applicable law or where immediate implementation is reasonably necessary to protect the Platform or its users, any material amendment shall become effective upon publication through the Platform or by any other method reasonably considered appropriate by Bitunix.
Continued access to or use of the Platform after the effective date of an amendment constitutes acceptance of the revised Rulebook.
Severability
If any provision of this Rulebook is held to be invalid, illegal or unenforceable under applicable law, that provision shall be severed to the extent necessary without affecting the validity or enforceability of the remaining provisions.
Governing Documents
This Rulebook forms part of the contractual framework governing the relationship between Bitunix and its users and shall be read together with the Bitunix User Agreement and all other applicable policies published by Bitunix from time to time.
In the event of any inconsistency, the order of precedence set out in Chapter 1 shall apply.
Effective Date
This Rulebook takes effect on the date published by Bitunix and remains in force until amended or withdrawn.
Language
This Rulebook may be translated into different languages for reference and the convenience of users. In the event of any inconsistency, ambiguity, omission or conflict between the English version of this Rulebook and any translated version, the English version shall prevail and shall govern the interpretation and application of this Rulebook.