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- CoinDCX will be entering into an agreement with a third-party cryptocurrency exchange for purposes of utilising liquidity in instruments as a result of the globalised nature of such third-party exchange (“Partner Exchange”).
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- CoinDCX shall act as an intermediary between such Partner Exchange and the account holders with CoinDCX (“Users”) and shall charge a fee as deemed appropriate and which will be communicated to the User during the placement of such order for a derivative product.
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- Upon placing an order for a derivative product offered by CoinDCX, the User’s order shall be sent to the Partner Exchange for purposes of order-matching and order filling.
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- For the purposes of practicality and ease of order flow, the orders of multiple Users may be pooled by CoinDCX and sent to the Partner Exchange as a block.
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- By placing an order for a derivative product offered by CoinDCX, the User acknowledges and warrants that they understand the order flow procedure as mentioned above and that the User is entering into a Transaction which will be fulfilled on such Partner Exchange and not CoinDCX directly.
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- CoinDCX shall not be liable for losses or damages incurred by the Users due to any technological glitches, failure in filling of orders, force majeure events, or any other occurrences whether or not beyond the control of CoinDCX.
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