Investor Information Statement 
Risk Warning Notice for the Bitnuk Trading Platform 
The Bitnuk trading platform (hereinafter referred to as "this platform") provides users with innovative digital asset option trading services (hereinafter referred to as "option trading"). These financial derivatives carry high risks. Before opening and using the related services, users should carefully read this notice. Once you use the option trading services of this platform, it is deemed that you have fully understood and agreed to bear the relevant risks. 
I. Preface 
This notice is designed to help investors understand the characteristics and potential risks of digital asset option trading. The digital asset market is highly volatile, and option trading is a high-risk financial derivative product. Before participating in the transaction, investors should fully understand the product rules and independently judge whether to participate based on their own investment experience, financial situation, risk tolerance, and other factors. 
If necessary, investors should seek advice from financial, legal or other professionals before making investment decisions. 
II. Innovative Option Design Concept 
Innovative option trading is a derivative trading model based on the price fluctuations of digital assets, featuring simple operation, flexible trading, and controllable risks. 
When investors purchase options, they can clearly understand the expected returns and the maximum risks. They can participate in market trend analysis with limited financial risks. Option trading can be used for market speculation or as a risk-hedging tool for digital asset holdings. 
Compared with traditional futures contracts, the innovative option trading structure is simpler. Users do not need to make additional margin payments, and the maximum loss is the purchase amount of the option. 
III. Sources of Price Indexes 
The mark price of the options products on this platform is calculated by weighting the prices from several major exchanges. The platforms referred to include: 
Binance

Kraken

OKX

Huobi

Coinbase

The weight of each exchange is generally set at 20%. When the number of valid exchanges is less than 3, the price index will be regarded as invalid, and the related option transactions may not be settled normally. 
The platform can adjust the index sources and weights according to market conditions, and notify users through announcements. 
IV. Options Trading Rules 
Transaction cycle 
The current option cycle consists of: 
30 seconds

60 seconds 
3 minutes

24 hours

48 hours 
72 hours

Profit Rules 
The option yield is determined at the time of purchase. For example:

The user purchased a 100 USDT BTC call option with a yield of 70%. If it is determined to be an increase at expiration, the user will receive 170 USDT (including the principal). 
Delivery time 
All option transactions are calculated based on the system time. The start and end times of the transactions are displayed on the transaction page. 
Judgment of Increase or Decrease 
When the option expires, if the marked price rises or falls compared to the initial price and reaches the corresponding fluctuation standard of the cycle, it is judged as a successful call or put option; otherwise, it is regarded as a failure. 
Transaction Restrictions 
The platform sets minimum and maximum transaction amounts for different currencies. The exact limits are shown on the transaction page. 
V. Handling of Abnormal Situations 
In the following circumstances, the option trading may be deemed invalid: 
Network interruption or delay 
Abnormal data from a third-party exchange 
System calculation errors or technical malfunctions 
In case of the above situation, the platform may cancel the option trading session and return the user's purchase amount to their account in its original form. 
VI. Risk Warning 
Price fluctuation risk 
The prices of digital assets fluctuate sharply, and option trading may result in significant profits or losses within a short period. Investors should fully understand the market risks. 
Transaction risk 
Once an option order is executed, it cannot be cancelled. The platform does not offer any guarantee of returns and will not share the investment risks with the users. 
Regulatory policy risks 
The regulatory policies for digital asset trading vary among different countries and regions. Investors should independently verify whether the local laws permit them to engage in such transactions. 
Technical risk 
Internet transactions may be affected by network failures, system abnormalities or issues with third-party services. The platform shall not be held responsible for any losses arising therefrom. 
VII. Special Notes 
Options trading is a high-risk investment product. Investors should fully understand the relevant rules and risks before participating. 
The market analysis, market comments or information provided on this platform are for reference only and do not constitute investment advice. 
It is strictly prohibited to use this platform for market manipulation, fraud or any illegal activities. If any abnormal transactions are detected, the platform reserves the right to restrict the account or terminate the service. 
The platform has the right to adjust the trading rules, index sources and product structure as per operational needs, and will notify the relevant information through announcements. 
Risk Statement 
Digital asset and derivative trading carry high risks, and investors may lose all their investment funds. Please participate in the trading only after fully understanding the risks and confirming that you have the ability to bear them. 
Bitnuk Trading Platform