Legal

Terms of Use

Effective date: 1 June 2026  ·  Last updated: 1 June 2026

1. Acceptance

By accessing or using ibex.market (the "Site") or the Ibex Market perpetual futures protocol (the "Protocol"), you agree to be bound by these Terms of Use ("Terms"). If you do not agree, do not access or use the Site or Protocol.

These Terms constitute a binding legal agreement between you and the operator of Ibex Market. The operator's full legal entity name will be disclosed upon public launch.

2. Eligibility

You must be at least 18 years of age to use the Site or Protocol. By using the Site, you represent and warrant that you meet this requirement.

The Site and Protocol are not available to:

• Residents or nationals of the United States of America
• Individuals or entities on the OFAC Specially Designated Nationals list or any equivalent sanctions list maintained by the United Nations, European Union, United Kingdom, or other applicable jurisdiction
• Residents of any jurisdiction where perpetual futures trading is prohibited or requires a licence that we do not hold

By using the Site, you represent that you are not located in, under the control of, or a resident of any restricted jurisdiction. We reserve the right to implement geographic access controls without prior notice.

3. Description of the Protocol

Ibex Market provides a non-custodial perpetual futures protocol deployed on the Canton Network. The Protocol operates through smart contracts. We do not take custody of your assets. You remain solely responsible for the security of your wallet, private keys, and seed phrase.

The Protocol is experimental software. It has not been audited by all parties and may contain bugs or vulnerabilities. Use it at your own risk.

4. Risk Disclosure

Trading perpetual futures carries significant risks, including but not limited to:

• Market risk. The value of your positions may fall to zero. Leverage amplifies both gains and losses.
• Liquidation risk. Positions may be automatically liquidated if your margin falls below the maintenance requirement.
• Smart contract risk. Smart contracts may contain bugs or be exploited by malicious actors. We do not guarantee the security of the Protocol.
• Oracle risk. Price feeds from external oracles may be delayed, manipulated, or unavailable. Settlement relies on oracle accuracy.
• Network risk. The Canton Network or underlying infrastructure may experience downtime, congestion, or forks that affect your positions.
• Regulatory risk. The regulatory treatment of perpetual futures and digital assets is uncertain and evolving. New laws or enforcement actions may adversely affect your ability to use the Protocol.
• Counterparty risk. Although the Protocol is non-custodial, liquidity providers and other participants may fail to perform.

5. No Investment Advice

Nothing on the Site, in our communications, or in the Protocol constitutes investment, financial, legal, or tax advice. Any information provided is for informational purposes only. You should consult a qualified professional before making any financial decisions. Past performance of any market or asset is not indicative of future results.

6. Prohibited Conduct

You agree not to:

• Use the Site or Protocol to engage in money laundering, terrorist financing, or any other illegal activity
• Attempt to manipulate markets, prices, or oracle feeds
• Attempt to reverse-engineer, decompile, or exploit the Protocol's smart contracts in a manner that harms other users
• Access the Site using automated bots or scraping tools without our written permission
• Impersonate any person or entity or misrepresent your affiliation with any person or entity
• Use the Site from a restricted jurisdiction
• Violate any applicable laws or regulations

We reserve the right to terminate your access to the Site at any time for any reason, including for violations of these Terms.

7. Intellectual Property

The Ibex Market name, logotype, Twin Ridgeline mark, and all associated brand assets are the property of the operator. You may not use them without our prior written consent, except as expressly permitted under our Brand Guidelines.

The Site's source code, design, and written content are protected by intellectual property laws. You are granted a limited, non-exclusive, revocable licence to access and view the Site for personal, non-commercial use.

The Protocol's smart contracts are published under open-source licences as specified in the relevant repositories. Nothing in these Terms restricts rights expressly granted by those licences.

8. Third-Party Links and Services

The Site may contain links to third-party websites or services. We do not endorse and are not responsible for the content, privacy practices, or terms of any third-party site. Your use of third-party sites is at your own risk.

9. Disclaimers

The Site and Protocol are provided "as is" and "as available" without warranties of any kind, express or implied. We expressly disclaim all warranties, including merchantability, fitness for a particular purpose, and non-infringement.

We do not warrant that the Site will be uninterrupted, error-free, or free of viruses. We do not warrant the accuracy or completeness of any information displayed on the Site, including price data.

10. Limitation of Liability

To the maximum extent permitted by applicable law, the operator and its affiliates, officers, directors, employees, and agents shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including loss of profits, data, or goodwill, arising from your use of or inability to use the Site or Protocol.

Our total aggregate liability to you for any claim arising from or related to the Site or Protocol shall not exceed the amount of fees, if any, that you paid to us in the 12 months preceding the event giving rise to the claim.

11. Indemnification

You agree to indemnify and hold harmless the operator and its affiliates, officers, directors, employees, and agents from any claims, liabilities, damages, losses, and expenses (including reasonable legal fees) arising from your use of the Site or Protocol, your breach of these Terms, or your violation of any applicable law.

12. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of the jurisdiction in which the operator is incorporated, without regard to conflict of law principles. This information will be updated when the operating entity is publicly disclosed.

Any disputes arising from these Terms or your use of the Site shall first be subject to good-faith negotiation. If unresolved within 30 days, disputes shall be referred to binding arbitration under the rules of a recognised arbitration body, on an individual basis. You waive any right to bring claims as a class action.

13. Changes to These Terms

We may update these Terms at any time. We will update the effective date at the top of this page. Material changes will be communicated to waitlist subscribers by email where practicable. Your continued use of the Site after changes become effective constitutes acceptance of the revised Terms.

14. Contact

For legal inquiries, contact us at legal@ibex.market.