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Perpetual Futures Trading Access Terms (Beta Testing)

(i) Powered by Hyperliquid. The Perpetual Futures Trading Services are run entirely by Hyperliquid, an independent third party — not by us. We provide the app and access only ("Perpetual Futures Trading Access Services"). We do not operate Perpetual Futures Trading markets, nor is a counterparty to the underlying trades. We do not control, endorse, or guarantee any DEX trading services on perpetual contracts or other forms of derivative product. Your use of the Perpetual Futures Trading is governed by Hyperliquid's Terms of Use [https://app.hyperliquid.xyz/terms] and Privacy Policy [https://app.hyperliquid.xyz/privacyPolicy].

(ii) Not available everywhere. Perpetual Futures Trading Access Services can't be accessed from Restricted Jurisdictions, and access is enforced by location checks. Don't try to reach them from a restricted region or by hiding your location (for example, with a VPN) — doing so may lead to suspension.

Restricted Jurisdictions:

Algeria, Argentina, Australia, Austria, Bahrain, Belarus, Belgium, Brazil, British Virgin Islands, Bulgaria, Burundi, Canada, Central African Republic, People's Republic of China, Congo (Kinshasa), Costa Rica, Croatia, Cuba, Cyprus, Czechia, Denmark, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hong Kong (China), Hungary, India, Iran, Iraq, Ireland, Italy, Japan, Jordan, Korea, Kuwait, Latvia, Lebanon, Libya, Lithuania, Luxembourg, Macau (China), Macau, Morocco, Myanmar, Nepal, Netherlands, New Zealand, Nicaragua, Nigeria, North Korea, Oman, Pakistan, Panama, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Singapore, Slovakia, Slovenia, Somalia, South Africa, South Sudan, Spain, Sudan, Sweden, Syria, Taiwan (China), China, Thailand, Tunisia, Ukraine, United Arab Emirates, United Kingdom, United States, United States Minor Outlying Islands, Venezuela, Yemen, Zimbabwe

(iii) Not advice. Nothing here is financial, investment, legal, or tax advice, and nothing is a recommendation to trade. We're not a broker, adviser, exchange, or trading platform operator, except for the limited contractual duties expressly assumed in these terms. You are solely responsible for your decisions.

(iv) Capital at risk. Perpetual Futures Trading involves substantial risk of loss and is not suitable for all users. Leverage amplifies both potential gains and losses—you can lose more than your initial investment. Positions may be liquidated automatically if the market moves against you, potentially resulting in the total loss of your collateral. Equity-based perpetual contracts do not represent ownership of any underlying asset.

(v) Wallet. Solely for the purpose of Perpetual Futures Trading Access Services, you authorise us to create a trading account for you automatically and to manage that wallet and the corresponding fund flows as you execute trades, solely to carry out your instructions in accordance with the operation of the Hyperliquid protocol.

This custody and fund-flow authority does not authorize us to choose an instrument, determine whether you should trade, decide the direction or size of a position, set your leverage or risk tolerance, or open, modify or close a position in our discretion, except where an action is required by law, security controls, the applicable terms, or the automatic operation of Hyperliquid’s systems, including liquidation.