OKCoin launches Savings as a digital asset balance value-added service for its users.
The assets of PiggyBank are used for OKCoin's margin loan services. PiggyBank only supports the digital assets available for OKCoin margin trading.
OKCoin provides risk management service to the digital assets deposited to Savings by users. The service is based on OKCoin 's sophisticated risk management system to guarantee the security of users' assets.
When a user uses the Savings service, he agrees to allow OKCoin to reasonably distribute and deliver the interest income collected from margin loans according to the platform's rules.
The user should comply with the national laws and guarantee the assets are from legal and compliant sources when using the Savings service.
The user should fully understand the risks involved in digital asset investment and operate within their means when using the Savings service.
All investment operations conducted by the user on OKCoin represents his true willingness to invest and to unconditionally bear the potential risks and profit brought by his investment decisions.
The user agrees that when a margin call loss takes place in margin trading and the insurance fund is insufficient to cover the loss, OKCoin may claw back the distributable interest from Savings to socialize the loss.
OKCoin reserves the right to suspend or terminate the Savings service. OKCoin may suspend or terminate the Savings service when necessary.
Delay, suspension, termination, or deviation of the Savings service may take place due to network delay, computer system failure, or other possible force majeure causes. OKCoin will attempt, but cannot guarantee, to maintain stable and effective service system operation of PiggyBank. OKCoin is not liable for any unanticipated results of service caused by the abovementioned causes.
