Terms and conditions for use and access of Team Account
Last updated: 6 February 2024
The additional terms and conditions ("these Terms") set out below form part of the OKX Terms of Service (the "TOS"). Capitalised terms used herein that are not otherwise defined shall have the meanings ascribed to them in the TOS. The disclaimers below also apply to users who download, access or use the platform titled "Team Account" (hereinafter the "Product") exclusively for institutional customers, whether through API or otherwise:
While the Platform is a technical tool provided by OKX to its institutional clients and the institutions' end users, which is believed to be reliable. OKX has not carried out an independent verification on the Platform and OKX makes no express or implied guarantee as to the completeness, reliability, stability or accuracy of, nor can it accept any responsibility for errors or defects appearing on, the Platform.
You hereby declare that the Platform is to be used only for your personal internal use and shall not be downloaded or accessed for any other use (including but not limited to commercial use or monetization from re-distribution). For the avoidance of doubt, "personal use" shall include access to (or grant of such access), possession, retention and/or use of such Platform for management and development of your own trading strategy and activities, and "commercial use" shall include any re-distribution and/or sub-license of such Platform to any end users or business partners. On reliance on your declaration, OKX hereby grants a limited, revocable, non-exclusive, royalty-free, license to download, access and/or use the Platform for your personal use only. In the event that this license is revoked or otherwise expires, you declare that you shall immediately cease access or use of the Platform, delete all access to the Platform or confidential information relating to the Platform that is in your possession.
The Platform, or the provision of any access thereof, is not, and should not be construed as, investment or trading advice, nor is it to be relied upon in making any investment, trading or other decisions. Prior to making any investment or trading decisions, you are advised to consult with your professional advisors on the appropriateness of such investment or trade.
Neither OKX, its Related Parties, nor each of their respective members, officers, directors, representatives, employees, contractors or agents (the "Indemnified OKX Parties") shall be responsible or have any liability for investment or trading decisions based upon, or the results obtained from, access to and/or use of the Platform.
You assume all risks of loss resulting, directly or indirectly, from the access to and/or use of the Platform. By downloading or otherwise accessing and/or using the Platform, you acknowledge and agree to hold harmless the Indemnified OKX Parties from any and all claims, actions, damages, losses, liabilities, costs and expenses of any kind whatsoever, including but not limited to any claims of negligence, arising out of, resulting from, by reason of, or in connection with the use of the Platform.
(For end users accessing the Platform specifically) : To the fullest extent permitted and requested by applicable laws and regulations, OKX shall collect your KYC information at the time when the application for access to the Platform is submitted for compliance clearance. OKX reserves the sole and absolute discretion to accept, approve, reject or revoke any access rights to end users at any time should it identify any risks that may be material to OKX in relation to the compliance of applicable laws and regulations.
(For institutional customers granting access to end users specifically) : To the fullest extent permitted and requested by applicable laws and regulations, you agree and acknowledge that you shall fully indemnify OKX, and undertake the accuracy of any KYC information submitted to OKX for and on behalf of your end users when the application for access to the Platform is submitted.
Notwithstanding anything to the contrary herein, OKX reserves the right to interpret, modify, suspend, cancel or terminate these Terms at any time for any reason without prior notice. In the event of conflict or dispute, OKX's interpretation shall be final.
By using or accessing the Platform, a user also agrees to be bound by OKX Terms of Service and OKX Privacy Notice ("Site Terms"). Unless otherwise defined herein, all capitalised terms used shall have the same meanings ascribed to them in the Site Terms. Additionally, in accessing and using the Platform, a user acknowledges and accepts that they have read and understood these Terms as well as the disclaimers below.
OKX MAKES NO WARRANTY, EXPRESS OR IMPLIED, OF ANY KIND, INCLUDING WITHOUT LIMITATION: (A) AS TO THE COMPLETENESS, RELIABILITY, STABILITY OR ACCURACY OF THE PLATFORM OR OTHER INFORMATION DOWNLOADED OR OTHERWISE ACCESSED, OR THAT ERRORS OR DEFECTS WILL BE CORRECTED; (B) WHETHER THE PLATFORM WILL BE SATISFACTORY FOR YOUR REQUIREMENTS; AND (C) WHETHER THE PLATFORM IS SUBJECT TO INTELLECTUAL PROPERTY RIGHTS AND USE RESTRICTIONS OF OTHERS. OKX SPECIFICALLY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR PURPOSE, NON-INFRINGEMENT, OR COURSE OF PERFORMANCE.
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAWS AND REGULATIONS, OKX SHALL NOT BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OPPORTUNITY COSTS, OR LOST PROFITS OR REVENUE, WHETHER OR NOT ARISING FROM OKX'S NEGLIGENCE OR REGARDLESS OF WHETHER YOU WERE AWARE OF THE POSSIBILITY OF SUCH DAMAGES) ARISING FROM YOUR ACCESS OR USE OF THE PLATFORM.
If there are other translated versions of these Terms, the English version shall prevail and take control in the event of conflict.