Capital can be lost
Digital assets and derivatives can be volatile. Trading systems may lose part or all of the capital allocated to them. Historical, simulated or backtested results do not guarantee future results.
Automation introduces additional failure modes
- Incorrect or stale data
- Model and strategy error
- Overfitting and regime change
- API, smart-contract, wallet or credential compromise
- Partial fills, slippage and market impact
- Venue outage, insolvency or withdrawal restrictions
- Leverage and liquidation
- Software defects and failed recovery procedures
Jurisdiction and eligibility
Product availability and regulatory treatment vary by country and user status. Readers must verify current local requirements and the primary documentation of any product or venue.
No guarantee
Neither this publication nor a product’s use of AI, automation, audits, smart contracts or cryptographic proofs guarantees safety, availability, profitability or suitability.