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The clause functions as a risk acknowledgment and liability limitation that establishes the boundaries of Public's obligations and exposure regarding cryptocurrency transactions. It allocates risk allocation between the platform and users by disclaiming guarantees and limiting liability for trading outcomes.
Users acknowledge that cryptocurrency investments carry significant loss risk, that markets may be unregulated, and that Public will not be held liable for losses resulting from their cryptocurrency trading activity. The provision establishes that continued use of the platform's cryptocurrency services constitutes acceptance of these risk parameters and liability limitations.
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"Cryptocurrency is a highly speculative and volatile asset class. Investing in cryptocurrency involves significant risk of loss and may not be suitable for all investors. Cryptocurrency is not legal tender, is not backed by any government, and may be subject to unregulated markets. Public does not guarantee any particular outcome in connection with crypto transactions and shall not be liable for any losses arising from cryptocurrency trading.— Excerpt from Public.com's Public.com Terms of Service
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The clause functions as a risk acknowledgment and liability limitation that establishes the boundaries of Public's obligations and exposure regarding cryptocurrency transactions. It allocates risk allocation between the platform and users by disclaiming guarantees and limiting liability for trading outcomes.
Users acknowledge that cryptocurrency investments carry significant loss risk, that markets may be unregulated, and that Public will not be held liable for losses resulting from their cryptocurrency trading activity. The provision establishes that continued use of the platform's cryptocurrency services constitutes acceptance of these risk parameters and liability limitations.
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