This Bitvo Platform Risk Statement (Risk Statement) is being delivered to you in connection with the opening of an account (Account) with Bitvo Inc. (Bitvo) to buy, sell and hold crypto assets on Bitvo’s crypto asset trading platform (the Bitvo Platform) and is incorporated by reference into the online User Agreement that you will accept at the time of account opening. Capitalized terms used and not defined in this Risk Statement have the meanings given to them in the User Agreement.
No securities regulatory authority has expressed an opinion about the Crypto Contracts (as defined below) or any of the crypto assets made available on the Bitvo Platform, including any opinion that a crypto asset is not a security and/or derivative. By using the Bitvo Platform or any other services related thereto (collectively, the Services), you understand that there are substantial risks associated with the purchase, sale and use of crypto assets through us, and you are agreeing to familiarize yourself and assume any and all such risks, including:
Bitvo is offering Crypto Contracts on crypto assets in reliance on a prospectus exemption contained in the exemptive relief decision Re Bitvo Inc. dated April 25, 2022. Please be aware that the statutory rights in section 204(1) of the Securities Act (Alberta) and, if applicable, similar statutory rights under the securities legislation of each other province and territory in Canada, do not apply in respect of this Risk Statement or a Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.
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