This Risk Disclosure Statement cannot disclose all risks associated with crypto assets. These and other risks, present now or arising in future, could result in the loss or destruction of your assets. Carefully consider whether the risks below (non-exhaustive), together with all other applicable risks, are acceptable to you in light of your investment objectives, risk tolerance, financial circumstances and experience before accessing or using the Services.
This Risk Disclosure Statement also applies to Bequant Prime Limited (“BQ Prime”) in the context of the existing intercompany resource-sharing and operational support arrangements between BEQUANT PRO LIMITED and BQ Prime. The Services, systems, and operational infrastructure described herein may be used in common by both entities.
References in this Risk Disclosure Statement to services provided under Regulation (EU) 2023/1114 on Markets in Crypto-Assets (“MiCA”), as well as to Regulation (EU) 2022/2554 on digital operational resilience for the financial sector (“DORA”), shall be understood to apply to BEQUANT PRO LIMITED only. BQ Prime does not currently hold authorisation under MiCA and is not subject to DORA as a regulated entity, and therefore any MiCA- or DORA-specific rights, protections, obligations or safeguards described in this document do not apply to BQ Prime unless expressly stated otherwise.
It is important that you make your own independent decision whether to access and use the Services and should seek any professional advice that you consider necessary or desirable (including financial and/or legal advice) from independent advisers before trading in crypto assets and transacting with BEQUANT.
For the avoidance of doubt, BEQUANT does not provide investment, financial, tax or legal advice. No communication or information provided to you by BEQUANT is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice or any other sort of advice. The following risks may arise in connection with crypto assets (a non-exhaustive list):
Crypto assets are a relatively new asset class and there is little history as to the digital asset market. The price of crypto assets can be highly unpredictable, not transparent and volatile when compared to other assets such as stocks, bonds and other tradable instruments. This means that if you purchase crypto assets, you may lose some or all of your assets value. Unlike other asset classes, certain crypto assets' value may be difficult to assess due to a lack of information. You should not deal with crypto assets unless you understand the extent of your exposure to risk.
Crypto assets and related markets may be misused for illegal activities. Law-enforcement actions, investigations, or seizures can adversely affect prices, liquidity and access.
Newly issued cryptocurrencies might carry additional risks you need to consider. Limited liquidity or difficulties to trade the asset after you've bought it. This means prices could be volatile, going up and down quickly, and liquidity may be limited, all depending on supply and demand. BEQUANT cannot control these external factors.
The cryptoasset market is inherently volatile and unpredictable. Participation involves a high risk of loss, including the potential loss of your entire investment, arising from factors such as cyber-attacks, financial crime, operational failures, or firm insolvency.
Because crypto assets are relatively new, they have only recently become accepted as a means of payment for goods and services, or as an asset class, and therefore, the use and liquidity of crypto assets is limited. Markets for crypto assets can at times become what is known as “illiquid”, which means there can be a scarcity of persons who are willing to trade at any one time. Thinly traded or illiquid markets have potential increased risk of loss because they can experience high volatility of prices and in such market participants may find it impossible to liquidate market positions except at very unfavorable prices. There is no guarantee that the markets for any crypto asset will be active and liquid or permit you to establish or liquidate positions in the crypto asset when desired or at favorable prices.
In addition, liquidity conditions can deteriorate rapidly and without warning, particularly during periods of market stress or heightened volatility. Even digital assets that normally exhibit robust trading volumes may become difficult to trade under stressed conditions. This means that the ability to buy, sell or convert crypto assets at anticipated values cannot be relied upon, and you may incur significant losses if forced to transact in unfavorable circumstances.
Since blockchain is an independent public peer-to peer network and is not controlled in any way or manner by BEQUANT, BEQUANT shall not be responsible for any failure and/or mistake and/or error and/or breach which shall occur in blockchain or in any other networks in which the crypto assets are being issued and/or traded. You will be bound and subject to any change and/or amendments in the blockchain system and subject to any applicable law which may apply to the blockchain. We make no representation or warranty of any kind, express or implied, statutory or otherwise, regarding the blockchain functionality nor for any breach of security in the blockchain.
Moreover, blockchain networks may experience disruptions such as forks, network congestion, reorganizations of transactions, or consensus failures. These events can delay or invalidate transactions, alter balances, or materially affect the value and functionality of the crypto assets. Such risks are inherent to blockchain technology and are outside BEQUANT's control, and you should carefully consider them before engaging in any crypto asset transactions.
BEQUANT does not own or control the underlying software protocols and smart contracts which govern the operation of some of the crypto assets available for trading on our platform. In general, the underlying protocols are open source and anyone can use, copy, modify, and distribute them which means that (i) the development and control of such crypto assets is outside of BEQUANT's control and (ii) such software protocols are subject to sudden and dramatic changes that might have a significant impact on the availability, usability or value of a given crypto asset. As a result, customers may have limited, if any, ability to influence the actions of the issuer of the crypto asset and may lack material information which could impact the value of any particular investment.
Smart contracts are what determine a crypto asset's technological features and any vulnerability or bug in the smart contract code that controls or engages with a crypto asset, if it surfaces or is exploited, could adversely impact any crypto asset issued, tracked or held by the smart contract, and could permanently impair the crypto asset's function and value.
BEQUANT is not responsible for the operation of the underlying protocols and smart contracts and BEQUANT makes no guarantee of their functionality, security, or availability. The underlying protocols and smart contracts are subject to sudden changes in operating rules (“Forks”), and such Forks may materially affect the value, function, and/or even the name of the crypto asset BEQUANT holds for your benefit. In the event of a Fork, BEQUANT may temporarily suspend BEQUANT's Services (with or without advance notice) and BEQUANT may (a) configure or reconfigure its systems or (b) decide not to support (or cease supporting) the Forked protocol or smart contract entirely. BEQUANT may, but is not obligated to do so, adjust your account in respect of a Fork, depending on the circumstances of each event attributable to any specific crypto asset which you hold.
Oracles – and the off-chain information that they supply to smart contracts – are a crucial aspect to the operation of many protocols, including those that rely on oracles to supply the current value of assets held as collateral. Risks can arise from the use of oracles. Centralized oracles, for example, are vulnerable to malicious behavior of the oracle provider, as well as to coding errors, attack or manipulation by others. More decentralized oracles may still be open to these vulnerabilities. Bad actors have employed oracle attacks to profit, for example by triggering liquidations based on faulty information. Even absent error or misconduct, the provision of certain information by an oracle can be delayed, which can cause stale information to be delivered to a smart contract and, in turn, create adverse consequences for those using the smart contract if market conditions have moved against them during the time delay. BEQUANT is not responsible for the operation of the oracles and BEQUANT makes no guarantee of their functionality, security, or integrity.
Crypto asset involves high risks and as a result, losses of capital may occur. You use the Services at your own risk. There can be no assurance that use of the Services will provide a positive return or profit, that significant losses will not be incurred, or that your objectives will be achieved. We advise that you should not invest more than you can afford to lose. It is important to have sufficient relevant, prior experience when entering into crypto asset transactions.
Market conditions can change rapidly and without warning, often driven by factors outside the control of BEQUANT, including regulatory announcements, macroeconomic developments, technological vulnerabilities, or actions by other market participants. As a result, prices may fluctuate significantly within very short periods of time, and you may be unable to react quickly enough to avoid financial loss.
In addition, the use of leverage or borrowing in connection with crypto asset transactions can substantially increase both potential gains and potential losses. Leveraged positions are particularly sensitive to price movements, and even small adverse market shifts can result in margin calls, forced liquidations, or losses exceeding your initial investment. Engaging in leveraged or complex transactions should only be undertaken by persons who fully understand the associated risks and financial obligations.
BEQUANT may freeze your Account, including any crypto asset wallet and any subaccount, in the event that you are believed to be engaged in suspicious activity or to be in breach of any of the Terms of Service. If your Account is frozen, you will not be able to trade or to make transfers to or from your Account. This may result in the closure of your open orders.
Custody involves storage of crypto assets. This will require the third-party sub-custodian to have the right to control private keys. The third-party sub-custodian, as applicable, will take reasonable steps as it determines are necessary protect the private keys and to prevent their exposure to hacking, malware and general security threats, but there can be no assurance that such steps will be adequate to protect such keys or the crypto assets from such threats or that there will be no failure or penetration of the applicable security systems. This is an evolving space, therefore it will be difficult to judge best practice among sub-custodians.
Furthermore, your crypto assets, when held on third party Exchanges or Custodians, may be subject to the counterparty risk or any specified or unforeseen risks of that relevant third party. Such third parties are often not regulated nor supervised like traditional banks and broker-dealers. It is difficult (and often impossible) to assess their financial situation, because audited financial statements are often not available. Moreover, those third parties are not subject to any regulatory capital or liquidity requirements and investor protection. Hence, the credit and counterparty risk faced when executing and settling trades and holding assets with those third parties is high. If any such third party loses any of your crypto assets, defaults, is in financial distress, becomes insolvent or goes out of business, there may be no specific legal protection that covers you for losses arising from any funds you may have held with such a third party, even when such a party is registered with or regulated by a local regulator. In the event of a failure of such a third party, you may become a general unsecured creditor against that third party. Depending on the structure and security of the third party crypto wallets, some third parties may be vulnerable to hacks, resulting in the theft of crypto assets/Fiat. BEQUANT will not be responsible in the event of losses caused by those third parties.
It is your responsibility to ensure that you use the correct address for any deposit, withdrawal, or transfer, and that the address you use is a valid address for the crypto assets that you intend to transfer and such assets are accepted by BEQUANT as a deposit. Any inaccuracy in a specified address, or in the crypto asset that you attempt to transfer between addresses, may result in total loss of the crypto assets concerned.
While BEQUANT endeavors to keep information displayed on the Services as accurate as possible, there is a risk that this may not be correct, complete or updated.
BEQUANT charges fees for trading and therefore benefits from trading activity regardless of whether the trading is profitable to you. BEQUANT and its associates have certain actual or potential conflicts of interest related to the decision to support or not support a crypto asset or increase or decrease the scope of the Services made available for such crypto asset.
The legal characterization of certain crypto assets is uncertain. This can mean that the legality of holding or trading them is not always clear, and may vary under the laws of different jurisdictions throughout the world. Whether and how one or more crypto assets constitute property, or assets, or rights of any kind may also be unclear. You are responsible for knowing and understanding how the laws apply to you, your assets, rights and tax. We reserve the right to delist or remove any crypto asset from the Services outside of our scope of Services and/or not in line with the Applicable Law.
Due to the global nature of crypto assets, there may be jurisdictional differences in the treatment and regulation of such assets. This can result in legal uncertainties, potential restrictions, and variations in asset protection standards across countries, which may affect client access to assets in specific regions.
All crypto assets are potentially exposed to regulatory risks. The regulatory treatment of some of the crypto assets may change. The effect of any future regulatory change on the BEQUANT or on you could be substantial and adverse. You should understand that the crypto asset industry is dynamic and is expected to significantly change over time. Therefore, BEQUANT or you may be subject to new or additional regulatory constraints in the future. BEQUANT may, in its sole discretion, interpret and apply regulations even if it has an adverse impact on its customers including but not limited to cancelling or modifying your order, restricting or suspending your use of the Services, disclosing your identity, positions or your Account to the local regulators and national competent authorities to comply with Applicable Law.
Furthermore, you should understand that ultimately it is your responsibility to make sure that you comply with any and all local regulations, directives, restrictions and laws in your place(s) of residence before using our Services. We strictly state that we do not permit the use of our Services by users from a jurisdiction in which the use of our Services is not permitted (including, without limitation, Restricted Jurisdictions). We are not offering or soliciting the use of our Services to any person located in any Restricted Jurisdiction or any other jurisdiction in which the specific use of our Services is not authorized or is otherwise prohibited by local laws.
We recommend you to continue to monitor the legal and regulatory position in respect of the crypto assets.
Our business operations rely on trust and reputation. Negative publicity, regulatory sanctions, or market conditions affecting the crypto industry as a whole may impact our reputation and, consequently, our ability to continue providing certain services. This may lead to delays in service, disruptions in asset accessibility, or client dissatisfaction.
The tax treatment and accounting of crypto assets (and any ancillary benefits) is a largely untested area of law and practice that is subject to changes. Tax treatment of crypto assets may vary amongst jurisdictions. Moreover, there are no agreed standards and practices for how an auditor can perform assurance procedures to obtain sufficient audit evidence for the existence and ownership of the crypto assets, and ascertain the reasonableness of the valuations. If you are unsure about the tax implications of your transactions, you should seek independent professional advice before entering into a crypto assets' transaction.
The nature of crypto assets may lead to an increased risk of cyber attack, account compromise or fraud. While BEQUANT believes it has developed an appropriate security system reasonably designed to safeguard crypto assets from theft, loss, destruction and other issues relating to hackers and technological attack, such assessment is based upon known technology and threats. As technology develops, the security threats to crypto assets will likely adapt and previously unknown threats may emerge. To the extent that BEQUANT is unable to identify and mitigate or stop new security threats, crypto assets may be subject to theft, loss, destruction, malware attacks, denial of service attacks, coordinated attacks, account takeovers and other attacks which could result in loss of assets. BEQUANT's service providers may also be vulnerable to targeted attacks, unauthorized access, fraud, computer viruses, denial of service attacks, terrorism, firewall or encryption failures and other security problems. Cyber-attacks resulting in the hacking of crypto asset trading platforms and thefts of crypto assets are common. Victims may have difficulty recovering losses from hackers or trading platforms.
Attackers may also seek to steal information about the BEQUANT trading platform, financial data or user information or take other actions that would be damaging to you. In addition, transactions in crypto assets may be irreversible, and, accordingly, losses due to accidental or fraudulent transactions may not be recoverable.
It is your responsibility to ensure that your access to credentials are kept secure and confidential, including your email, address, private keys, username and password, as well as access to or use of any two-factor authentication hardware, software and the security and integrity of any systems (both hardware and software) or services that you use to access the Services.
Access to the Services may become degraded or unavailable at any time, including during times of significant volatility or volume. This could result in the inability to use or access to the Services and may also lead to support response time delays. Although BEQUANT strives to provide you with excellent service, we do not represent that the BEQUANT Site or the Services will be available without interruption and we do not guarantee that any order will be executed, accepted, recorded, or remain open. BEQUANT shall not be liable for any losses resulting from or arising out of transaction delays.
You acknowledge that there are risks associated with utilizing an internet-based trading system including, but not limited to, the failure of hardware, software, and internet connections, the risk of malicious software introduction, the risk that third parties may obtain unauthorized access to information and/or assets (including your crypto assets) stored on your behalf, cyber attack, crypto asset network failure (such as blockchain), computer viruses, communication failures, disruptions, errors, distortions or delays you may experience when trading via the Services, howsoever caused, spyware, scareware, Trojan horses, worms or other malware that may affect your computer or other equipment, or any phishing, spoofing or other attack. You should also be aware that SMS and email services are vulnerable to spoofing and phishing attacks and should use care in reviewing messages purporting to originate from BEQUANT.
BEQUANT may, from time to time, perform maintenance on the Trading Platform, routine or otherwise. This may lead to platform downtime and lack of access to the Trading Platform, potentially resulting in a delay or cancellation of a submitted Order yet to be processed and Orders placed during maintenance or downtime, and the inability for you to submit new or change existing Orders.
BEQUANT has established and maintains a sound ICT risk management framework, together with policies, procedures and controls designed to support the confidentiality, integrity, availability and resilience of its systems and Services, in line with DORA and applicable MiCA requirements. Notwithstanding these measures, all ICT systems in general may be subject to residual risk, including disruption, cyber incidents, data loss, software malfunction, system unavailability, malicious attacks, third-party outages and other events that may temporarily affect access to the Services or the processing of transactions. BEQUANT has implemented and supports business continuity, backup, recovery and incident response arrangements intended to reduce the likelihood and impact of such events, but no ICT environment can be guaranteed to be completely free from disruption.
BEQUANT may rely on carefully selected third-party service providers (if applicable) for custody, execution support, liquidity access, technology infrastructure and related operational functions, and applies due diligence, contractual controls and ongoing oversight to such arrangements. Although BEQUANT seeks to ensure that its third-party arrangements are robust, efficient and appropriately managed, third parties may experience operational failures, financial distress, cyber incidents, service interruptions or regulatory issues that may affect the provision of Services. BEQUANT's outsourcing and third-party risk management arrangements are designed to identify, monitor and mitigate these risks, but cannot eliminate them entirely.
BEQUANT applies client asset safeguarding and segregation arrangements designed to protect client crypto-assets and, where applicable, client funds in accordance with MiCA. In particular, BEQUANT seeks to maintain records, controls and segregation practices that support the protection of client ownership rights and the orderly return of assets where required. However, where assets are held with third-party custodians or other service providers, or where a legal or insolvency event occurs, there may still be delays in access or return.
Where BEQUANT executes orders on behalf of clients or transmits orders to third-party venues, it applies an execution policy designed to obtain the best possible result for clients, taking into account the relevant execution factors, including price, cost, speed, likelihood of execution and settlement, size, nature and any other relevant consideration. Execution may take place through OTC arrangements, matched principal structures or third-party liquidity venues, depending on the product and market conditions. As a result, execution outcomes may vary from expected pricing, particularly in fast-moving or thinly traded markets, but BEQUANT maintains arrangements intended to achieve fair, orderly and efficient execution.
BEQUANT offers Services only in respect of supported crypto-assets and subject to applicable onboarding, operational and regulatory requirements. Services may be delayed by blockchain congestion, network fees, technical issues, third-party infrastructure failures or compliance checks required under Applicable Law. BEQUANT's processes are structured to support secure and traceable transfers, but settlement timing remains dependent on the relevant blockchain network and the involvement of third parties.
Where BEQUANT trades on a principal or matched principal basis, it does so within the scope of its authorization and in accordance with its client categorization, execution and conflict management arrangements. This may mean that BEQUANT acts as counterparty to a client transaction, which can create a potential conflict of interest and counterparty exposure. BEQUANT maintains organizational and control measures designed to manage such conflicts fairly and professionally, while continuing to provide clients with access to efficient execution and liquidity.
BEQUANT operates under MiCA authorization and is therefore subject to a harmonized EU regulatory framework governing the Services it provides. While MiCA is intended to promote market integrity, consumer protection and legal certainty, regulatory requirements may evolve, supervisory expectations may differ across Member States, and local restrictions may affect the availability of certain Services in particular jurisdictions. BEQUANT continuously monitors its regulatory position and may adjust, suspend or discontinue Services where necessary to remain compliant and to protect client interests and operational integrity.
© 2026 Bequant Pro Limited. Updated: 8 April 2026.