1. Overview

To further regulate cryptocurrency trading activities, ensure a fair and organized market, manage risks, and protect the legitimate rights of cryptocurrency market participants, the trading platform will supervise and manage cryptocurrency trading activities. If the platform finds that a user has engaged in abnormal trading behavior, the trading platform has the right to take corresponding measures against the participants involved.

2. Abnormal Trading Behaviors

2.1 If multiple accounts or a single account are identified as engaging in suspicious trading behavior, the platform has the right to freeze the user's funds and trading. For serious cases, the platform has the right to deduct the user's illegal gains.

2.2 Obtaining unreasonable gains, including but not limited to the following examples:
  2.2.1 Using platform loopholes for arbitrage. Once discovered, all illegal gains will be deducted.
  2.2.2 The platform has the right to deduct any additional gains a user receives due to abnormalities in the platform's settlement system. The platform will compensate users for any additional losses caused by such abnormalities.
  2.2.3 All gains earned during a period of index price abnormality will be deducted, and all losses will be compensated.
  2.2.4 Any other gains deemed unreasonable by the platform will be deducted.

2.3 Users are prohibited from using multiple accounts or devices for illegal arbitrage, including but not limited to reaping trading fees, commissions, Bonus Vouchers, etc. The system will identify cheating behaviors through multi-dimensional features and take corresponding measures against any offender involved in illegal arbitrage, including but not limited to account suspension, asset freezing, login restrictions, advanced KYC, etc.

2.4 Some of the platform's products prohibit high-frequency trading. The platform will comprehensively evaluate the behavior of all accounts associated with the user (based on multi-dimensional analysis of factors such as IP, devices, funds, trading behavior, referral relationships, etc.).

2.5 The platform has the right to dynamically delist any underlying asset, suspend trading or reduce leverage limits without compensation. Users may not claim compensation on the grounds that they were unaware of this.

2.6 Users must not maliciously create or spread rumors. If this affects the platform's brand or market reputation, the platform reserves the right to deduct the user's funds to cover the platform's losses, among other rights.

2.7 Multiple self-trades between one's own accounts, multiple trades between accounts under the de facto control of an investor or between affiliated accounts, including but not limited to sharing sources of funds, same IP address, concurrent trading behaviors, and other abnormal behaviors; Manipulating the market price through matched orders or other ways by using the single or multiple associated accounts with actual control relationship; multiple trades between clients within a single or a group of associated accounts with actual control relationship.

2.8 Frequently placing and canceling orders within the same day in a way that may affect the trading price or mislead other market participants into trading (frequent order placement and cancellation).

2.9 Repeatedly placing and canceling large orders within the same day in a way that may affect the trading price or mislead other market participants into trading (large-order placement and cancellation).

2.10 The number of positions opened in a single day on a particular trading product (including but not limited to BingX Futures trading and Spot trading) exceeds the daily position-opening volume limit set by the platform.

2.11 Using programmatic trading to place trading orders in a way that may affect BingX system security or the normal trading order.

2.12 Other behaviors deemed abnormal by BingX.

3. Management Rules for Abnormal Trading Behaviors

The rules are formulated to step up risk management of abnormal trading activities in the crypto market. The BingX exchange will take the following measures against any account or user involved in any abnormal behavior specified herein without prior notice.

3.1 The platform has the right to choose whether to continue cooperating with a user. Once the platform determines that it can no longer cooperate with a user, it will not allow that user or their highly associated accounts (including related information such as IP, devices, funds, and trading behavior) to cooperate with the platform. Once discovered, the platform will deduct any profits obtained through violations.

3.2 The platform has the right to freeze funds during abnormal periods or freeze all transactions at the same time.

3.3 Close the account and confiscate remaining assets.

3.4 Restrict withdrawals and deposits for the account.

3.5 Restrict position opening, require positions to be closed within a set period, and force liquidation.

3.6 Restrict, suspend, or terminate the user's access to the official BingX website.

3.7 Require users to report their trading situation.

3.8 Take other applicable measures in accordance with the Exchange's business rules.

4. Disclaimer

While accessing BingX services, users shall comply with local laws and regulations and BingX rules, consent to the fact that their trading conducts will be regulated and supervised by the Exchange, and exercise conscientious trading. BingX has the right to seek any remedy against any abnormal trading behavior to the extent permitted by the law, including but not limited to restricting trading activities of the offending account. BingX shall not bear any responsibility for any economic loss incurred from violation of the rules provided herein. BingX reserves the right to the final interpretation of the rules.