Announcement on Regulating Unfair Trading Activities

Dear Users,

To build a better trading environment and protect the legitimate rights and interests of our users, BingX hereby specifies its regulations on the following unfair trading activities.

1. It's forbidden to take advantage of any settlement anomaly, market anomaly and/or other vulnerabilities on the platform to arbitrage. Any users, their associated accounts and referees shall not engage in arbitrage without the permission of the platform. Any violation shall be investigated and necessary actions and measures shall be taken in accordance with the relevant terms of service.

2. The platform will investigate users whose ratio of trades that were held for less than one minute is disproportional and whose trading frequency is above the average within a certain time frame once multiple associated accounts are detected. Unauthorized high-frequency calls to APIs or arbitrage by exploiting any settlement anomaly will be considered violation and corresponding measures will be taken.

3. It's forbidden to reap platform benefits in a malicious way. Each user and their associated accounts may only participate in the same activity once and are not permitted to repeatedly claim bonuses, trial funds, or other rewards. Violators found participating without engaging in actual trading will be permanently banned from participating in the platform's activities on their main and associated accounts.

4. Users or their referees shall not solicit commissions unfairly. Once a violation is detected, the platform will initiate an investigation and take actions and measures in accordance with the relevant terms of service if the violation is verified.

5. It's prohibited to long or short the same variety at the same time or conduct cross-variety trading to meet the trading volume requirement. Otherwise, the trading volume involved will not be counted and it may result in severe consequences such as a permanent ban on relevant associated accounts from participating in the platform's activities.

6. The platform firmly cracks down on market manipulation. It's prohibited to rig external product markets by illicit practices such as putting in long orders before price rise, closing positions before price fall, and create short orders before price fall in a manipulative way. If users are found to be involved in using their account or associated accounts to manipulate the market from the same region at the same time, the platform will decide the severity based on the number of such practices in the current account and associated accounts. Serious cases will be defined as market manipulation and the platform will take actions and measures against the wrongdoers in accordance with the relevant terms of service.

7. The platform will implement risk control on users who make frequent deposits and withdrawals without actual trading or with only little trading. Users need to provide relevant documents for accounts involved to lift the risk control and conduct normal deposits, withdrawals and transactions.

8. Users engaging in arbitrage through malicious use of the Guaranteed Price feature will be deemed in violation. Appropriate measures will be taken, which can include restrictions on adjustment factors, fees, trading pairs on Guaranteed Price, and even the suspension of the feature.

9. Users who have signed up for an account with the platform, completed KYC, and who are either professional broker/dealers or employees of such entities under their respective in-country laws and regulations, shall notify the platform in writing of such status within 24 hours. Failure to do so will result in indefinite suspension or closure of their account(s) as well as confiscation of all assets and trading profits from any user activity. Users will continue to be liable for loss and damage suffered by BingX due to the user's breach of any professional ethics or licensing regulations by continued use of the account without proper and necessary disclosure.