# Futures Trading Rules

Dear YUBIT users:\
**General provisions**

The establishment of these rules is to regulate cryptocurrency contract trading behavior, maintain market order in accordance with the principles of fairness, openness, and impartiality, and protect the legitimate rights and interests of investors.

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**Risk control**

Users should pay attention to the risks of contract trading and adjust their position ratio and margin in a timely manner to avoid risks. Severe price fluctuations may cause your entire margin balance to be forcibly positioned squaring. YUBIT is not responsible for any losses that may arise from your use of the contract.

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YUBIT has the right to monitor the risk rate and transaction behavior of user accounts in real time. YUBIT has the right to take corresponding measures based on changes in risk rate, market conditions, account behavior, and risk control system identification results. The risk control restrictions taken include but are not limited to:<br>

* Introduce trading permission restrictions, such as the "only reduce position" restriction.
* According to the market risk situation, the risk control parameters are dynamically adjusted.
* Some high-risk users are prohibited from transferring, trading, and opening positions.
* Deduct commission, deduct bonus, deduct experience fee, cancel activity qualification.
* Freeze account, restrict login, require additional authentication or explanation.
* Merge and calculate the trading volume, positions, profits and losses, rebates, bonuses, activity rewards, or other benefits of related accounts.
* Cancel, deduct, or adjust the profits obtained due to abnormal transactions, illegal transactions, or improper behavior.
* Suspend, restrict or terminate the provision of some or all services to the relevant account.

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Our risk control system will identify users who use multiple accounts and devices for illegal arbitrage through multi-dimensional feature recognition, including but not limited to improper profit-making behaviors such as brushing fees, rebates, hedging, gifts, experience bonuses, and activity rewards.\
The platform prohibits the same user, the same actual controller, the same entity, or the same affiliated entity from avoiding platform rules, risk control restrictions, transaction restrictions, activity rules, rebate rules, gift rules, experience bonus rules, or handling fee rules by registering, controlling, or using multiple accounts. The platform has the right to determine whether there is an associated relationship, the same actual control relationship, or avoidance rule behavior between accounts based on its own risk control system and comprehensive judgment, and does not need to disclose specific identification logic, judgment basis, or risk control rule details to users.

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**Examples of abnormal trading behavior on exchanges**

High-frequency brushing orders and malicious brushing of transaction fees; brushing orders for knock-on, hedging, and AB warehouse trading; ultra-short-term operations; arbitrage and short-term operations using small currency spreads; using multiple accounts to circumvent platform rules or risk control restrictions; using loopholes in this service or other unreasonable means to harm other users or platforms.

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**Characteristics of high-frequency brushing orders and malicious brushing of transaction fees**

Utilizing the commission rebate mechanism of the exchange's user account, arbitrage trading or commission arbitrage is carried out through high-frequency trading. If the number of daily transactions per account reaches 50 (opening position + position squaring, counted as 1 transaction), it will be considered as high-frequency brushing. The proportion of orders with a single UID intraday trading and an opening and closing period less than a certain time is relatively large, which may trigger risk control.

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**III. Characteristics of pair knocking, hedging, and AB warehouse trading**

Execute long and short lock-up brushing orders through linked accounts, including lock-up brushing orders for the same trading variety or highly related trading variety; frequent lock-up and two-way opening brushing orders for the same account; abnormal convergence transactions between multiple linked accounts.

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**Characteristics of ultra-short-term trading**

Quickly open positions and position squaring through regular trading methods, with order opening and closing cycles shorter than the specified time. Making five or more transactions per day (opening positions + position squaring counts as one transaction) will be considered as ultra-short-term trading.

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**Characteristics of avoiding rules with multiple accounts of the same person or subject**

The same user, the same actual controller, the same entity, or the same affiliated entity shall not engage in the following behaviors through multiple accounts, including but not limited to:

* Avoid single account trading frequency, positions, risk control, only reducing positions, or other restrictions.
* Conduct hedging, AB positions, locking positions, matching, brushing orders, or other abnormal transactions.
* Participate in commission rebates, handling fee discounts, gifts, experience bonuses, activity rewards, etc. to obtain improper benefits.
* Diversify trading volume, positions, profits and losses, or risks to avoid platform abnormal trading identification or management measures.
* Using family and friend accounts, proxy accounts, rental accounts, buying and selling accounts, or third-party accounts, the actual operation is controlled by the same person or group.
* There are collaborative transactions, convergent transactions, abnormal hedging, or other behaviors that the platform considers to be inconsistent with the arm's length transaction principle between multiple accounts.

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**Other behaviors that undermine the fair and reasonable trading environment of the market**

Other platforms believe that behaviors that undermine the fair and reasonable trading environment of the market.

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**Special statement:**&#x20;

The above parameters are for reference only. Our risk control technology will automatically identify based on transaction behavior data. The final interpretation right of various violations and account association belongs to YUBIT. YUBIT has the right to take measures including but not limited to restricting transactions, limiting opening positions, only reducing positions, prohibiting transfers, freezing accounts, deducting rebates, deducting bonuses or experience bonuses, canceling activity qualifications, merging and calculating associated account benefits, canceling abnormal profits, suspending or terminating services, etc. according to specific circumstances.\
If you have any questions, please feel free to contact our online customer service.

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Risk Warning: Digital assets are innovative products with high price fluctuations. Please make rational decisions based on your own risk tolerance.&#x20;

We will continue to strive to provide you with better products and services!

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YUBIT Operation Team


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