As per Market Conduct Rulebook / Part V – Public Disclosures / A. Licence Details and Authorised VA Activities

Information regarding the Shipfinex FZCO VARA license including license number, licensed activities and names of all responsible individuals.

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License Number

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Licensed Activities

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Names of All Responsible Individuals

Vikas Pandey, CEO

Chief Compliance Officer (TBA)

As per Market Conduct Rulebook / Part V – Public Disclosures / B. Risk Disclosure Statement

Risk Disclosures for Shipfinex FZCO

General Risks Associated with Virtual Assets (VAs)Investing or trading in Virtual Assets (VAs) carries inherent risks due to their speculative, volatile, and evolving nature. These include:

1. Total Loss of Value:

   • VAs may lose all their value, leading to significant financial losses for investors.
     

2. Not Legal Tender:

   • VAs are not legal tender, are not backed by governments, and may not be accepted as a means of payment.
     

3. Price Volatility:

   • The prices of VAs are subject to significant fluctuations, which may lead to large swings in the value of investments over short periods.
     

4. Illiquidity:

   • Markets for certain VAs may become illiquid, making it difficult to buy, sell, or convert assets into fiat currency.
     

5. Market Manipulation:

   • VAs may be susceptible to manipulation through rumours, pump-and-dump schemes, or irrational market sentiment.
     

6. Technology Risks:

   • VAs rely on blockchain technology, which can face disruptions such as 51% attacks, forks, or technical failures. Users may lose access to their VAs due to lost private keys or technological issues.
     

7. Regulatory Uncertainty:

   • Global regulatory frameworks around VAs continue to evolve, which could restrict their use, impact pricing, or affect their legal status.
     

8. Cybersecurity Risks:

   • VAs are susceptible to theft or hacking due to the intangible and digital nature of the assets.
     

9. Stablecoin Risks:

   • Stablecoins may face challenges such as de-pegging, lack of audit transparency, or operational failures of associated custody platforms.
     

10. Public nature of blockchain transactions

    • Transactions are not private and may be recorded on public DLTs

Specific Risks Associated with Shipfinex’s Platform and Services

1. Trade Execution Risks:

   • Delays may occur in executing trades or processing transactions due to compliance reviews or platform issues, leading to missed opportunities or losses.
     

2. Internet Trading Risks:

   • Users may experience disruptions, errors, or communication failures when trading due to network connectivity or system errors.
     

3. Cybersecurity Threats:

   • Risks such as phishing, brute force attacks, or malware could lead to unauthorized access to user accounts or the loss of assets.
     

4. Hard Forking:

   • VAs undergoing "hard forks" may result in split assets, and Shipfinex may not support the forked assets, requiring users to withdraw them to external wallets.
     

5. Regulatory Risks:

   • Shipfinex is subject to regulatory oversight, and enforcement actions or restrictions may impact user access to VAs or platform operations.

Important Notes

• Shipfinex does not provide financial, tax, or investment advice. Users should consult with independent advisors to evaluate their individual financial circumstances.
  

• These disclosures are not exhaustive, and unforeseen risks may arise. Investors must fully understand the risks associated with VAs before participating in trading or investment activities on the Shipfinex platform.

For further details, please contact Support@shipfinex.com