Common use of Market Orders Clause in Contracts

Market Orders. Orders to purchase or sell cryptocurrency at the prevailing market price (“Market Orders”) are based on the prevailing market price at the time the Market Order is filled, which is determined by ZHLS, or any other applicable Liquidity Provider, using proprietary methods, algorithms, processes, procedures and intermittent data (“Calculation Methodology”). Liquidity Providers, including ZHLS, may, subject to their own discretion, add a spread to any Cryptocurrency Transaction. The spread will be priced into any Order at the time of transaction and will increase the cost of any purchase above the prevailing market price. You understand and acknowledge that the price at which your Market Order is filled may vary from the price displayed at the time your Market Order is placed, and you further understand and acknowledge that Zero Hash may, at its sole discretion, cancel any Market Order if the prevailing market price changes significantly from the time the Market Order was placed. You further understand and acknowledge that Zero Hash may, at its sole discretion, cancel any Market Order. Zero Hash, or Zero Hash through the Platform, will send you a notification upon the occurrence of a cancellation of any Market Order.

Appears in 14 contracts

Samples: Services User Agreement, Services User Agreement, Services User Agreement

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