Overview
The Dual Investment Product is a non-principal guaranteed investment service provided by OKX. These Terms govern your use of this Service and constitute a legally binding agreement between you and OKX. By accessing or using the Service, you confirm that you have read, understood, and accepted all provisions outlined here, including any future amendments.
Your continued use of the Service implies acceptance of these Terms. If you do not agree, you must immediately cease using the Service. These Terms incorporate by reference the OKX Terms of Service, Risk & Compliance Disclosure, and any other rules or announcements related to the Service published by OKX.
Eligibility Requirements
To use the Dual Investment Product Service, you must meet the following conditions:
- Be at least 18 years old and possess full civil capacity.
- If acting on behalf of a legal entity, have the authority to bind that entity.
- Have sufficient experience and risk tolerance for investing in non-guaranteed digital asset products.
- Use the Service only for lawful purposes and not engage in prohibited activities like money laundering, fraud, or market manipulation.
- Be the legal owner of the digital assets in your OKX account, with lawful sources of those assets.
You are responsible for evaluating your financial situation and risk tolerance before using the Service. You also agree to comply with all applicable laws in your jurisdiction.
Key Definitions
Understanding these terms is essential for using the Service effectively:
- Investment Currency: The type of digital asset used to purchase a Dual Investment product (e.g., BTC, ETH, or USDT).
- Settlement Currency: The digital asset received upon product maturity, determined by comparing the Price at Expiry and the Target Price.
- Target Price: The benchmark price used at maturity to decide the Settlement Currency.
- Price at Expiry: The average index price of the underlying asset (e.g., BTC or ETH) between 15:00–16:00 UTC+8 on the expiration date.
- Expiration Date: The date when the product matures and settlement occurs.
- Rate (APY): The estimated annualized rate of return used to calculate the Term Rate.
- Term Rate: The absolute rate of return for the product, derived from the Rate (APY) and the term length.
- Term: The number of days from the Interest Accrual Time to the Expiration Time.
- Interest Accrual Time: The nearest hour after a successful purchase when interest begins to accrue.
How Dual Investment Services Work
Product Description
OKX offers various Dual Investment Products that allow you to deposit digital assets and earn yields. When you place a purchase order, the investment amount is deducted from your account. At maturity, you receive a settlement amount in the determined Settlement Currency based on market conditions.
Example 1: BTC Dual Investment Product
- Product: BTC-211125-58000
- Investment: 10 BTC
- Settlement: If Price at Expiry < $58,000, you receive 10.02 BTC. If ≥ $58,000, you receive 581,160 USDT.
Example 2: BTC-U Dual Investment Product
- Product: BTC-U-211224-50000
- Investment: 10,000 USDT
- Settlement: If Price at Expiry > $50,000, you receive 10,124 USDT. If ≤ $50,000, you receive 0.20248 BTC.
Settlement Timing
Settlement typically occurs around 18:00 HKT on the expiration date. Assets are automatically deposited into your funding account after settlement.
Early Termination
OKX may terminate the Service early under certain conditions, such as regulatory requirements, force majeure events, or market conditions. In such cases, OKX will attempt to provide three days' notice and generally process settlement within two days after termination.
OKX also reserves the right to cancel orders with obvious errors and refund the investment amount promptly.
Limitations of Liability
Risk Disclosure
Using the Dual Investment Product involves significant risks. You expressly acknowledge and accept the following:
- The Service is provided "as is" without warranties of any kind. OKX does not guarantee accuracy, reliability, or uninterrupted access.
- Digital assets are highly volatile. Their value can fluctuate dramatically, leading to potential losses.
- Product returns are not guaranteed. Actual yields may differ from estimated yields due to market conditions.
- Risks include market volatility, early termination, technical abnormalities, force majeure events, and changes in regulations.
You are solely responsible for all trading and investment decisions. OKX shall not be liable for any losses arising from the use of the Service.
Liability Cap
OKX's aggregate liability shall not exceed the service fees received from you. OKX is not responsible for delays in asset receipt or misunderstandings of these Terms.
Force Majeure and Technical Issues
OKX shall not be liable for losses caused by events beyond its control, including:
- Service maintenance or interruptions.
- Hacker attacks, system failures, or telecom issues.
- Natural disasters, government actions, or other force majeure events.
- Technical problems unforeseen or unsolvable by existing industry standards.
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Mandatory Measures
OKX prohibits unfair trading practices and reserves the right to take action against accounts involved in:
- Market manipulation or malicious behavior.
- Exploiting service loopholes or harming other users.
- Participating in activities deemed harmful to the market.
- Violating applicable laws and regulations.
Measures may include account closure, command restrictions, or order cancellations. OKX is not liable for any losses resulting from these actions.
Indemnification
You agree to indemnify and hold OKX harmless from any claims, damages, or losses arising from your use of the Service or violation of these Terms. This includes third-party claims related to your actions or omissions.
No Professional Advice
OKX does not provide business, legal, financial, or tax advice. You should consult independent advisors before making investment decisions. OKX is not your broker, agent, or fiduciary, and no communication from OKX should be interpreted as advice.
You are solely responsible for evaluating investment risks and strategies based on your personal circumstances.
Third-Party Websites
OKX may include links to third-party websites, but this does not imply endorsement. OKX is not responsible for the content, accuracy, or policies of these sites. Use third-party services at your own risk, and review their terms and privacy policies carefully.
Governing Law and Dispute Resolution
These Terms are governed by the laws of England and Wales. Any disputes shall first be referred to mediation at the Hong Kong International Arbitration Centre (HKIAC). If unresolved within 90 days, disputes will be settled by arbitration administered by HKIAC, with proceedings conducted in English.
The seat of arbitration is Hong Kong, and awards are final and binding.
Miscellaneous
- OKX may modify these Terms at any time without prior notice. Continued use of the Service constitutes acceptance of changes.
- Communications should be in English, and the English version of these Terms prevails in case of discrepancies.
- Invalid provisions do not affect the validity of remaining terms.
- You may not transfer your rights or obligations without OKX's written consent.
For questions, contact OKX at [email protected].
Frequently Asked Questions
What is a Dual Investment Product?
A Dual Investment Product is a non-principal guaranteed investment that allows you to earn yields based on market conditions. At maturity, you receive a settlement in either the investment currency or an alternate currency, depending on price movements.
How is the Settlement Currency determined?
The Settlement Currency is determined by comparing the Price at Expiry to the Target Price. If the Price at Expiry is below the Target Price for certain products, you receive the investment currency; if above, you receive an alternate currency like USDT.
What are the risks involved?
Risks include market volatility, potential loss of principal, early termination, technical issues, and regulatory changes. Digital assets are highly volatile, and returns are not guaranteed. Always assess your risk tolerance before investing.
Can I cancel my order after purchase?
Orders are generally final once confirmed. However, OKX may cancel orders with obvious errors and refund the investment amount. Early termination by OKX may occur under specific conditions, with notice provided.
How are yields calculated?
Yields are based on the Term Rate, derived from the estimated APY and the product term. Actual yields may vary due to market conditions and are not guaranteed by OKX.
What happens if OKX terminates the Service early?
OKX may terminate the Service early due to regulatory requirements, force majeure, or market conditions. In such cases, OKX will attempt to provide notice and settle within two days, though expected profits may not be achieved.