Common use of Exchange Services Clause in Contracts

Exchange Services. You may use your account with Symbridge to place orders (each, an “Order”) to buy and/or sell Listed Digital Assets. Unmatched Orders rest in the Order Book until such time that our Exchange matching engine matches the Orders and a transaction occurs (a “Trade”). Each Trade (i) transfers ownership between participants, (ii) is recorded on our internal ledger (“Exchange Ledger”), and (iii) is reflected through automatic adjustments to each participant’s Symbridge Account.

Appears in 2 contracts

Sources: Participant Agreement, Participant Agreement