Platform Risk Statement - Canada
Last updated Jan 4, 2024
This Uphold Canada – Platform Risk Statement (Risk Statement) is for our customers (or Users) who are residents of Canada and is incorporated by reference into the online Terms of Service (Terms) that you understand and accept upon the opening of your Uphold account (Account).
This Risk Statement includes important disclosures about your use of Uphold's crypto asset trading platform (the Uphold Platform).
Uphold is, as required by regulation, applying for registration and for certain exemptive relief under securities laws of certain jurisdictions of Canada, and those applications are ongoing. There is no guarantee that registration and the requested exemptive relief will be granted. In the event the registration or requested exemptive relief is not granted, the services provided by Uphold may be modified or withdrawn. Uphold is not currently registered under the securities or derivatives legislation of any jurisdiction of Canada and has not been granted an exemption from any requirements of securities or derivatives legislation of any jurisdiction of Canada.
No Canadian securities regulatory authority or regulator has assessed or endorsed the Crypto Contracts (as defined below) or any of the crypto assets made available on the Uphold Platform, including providing any opinion that a crypto asset is not a security and/or derivative.
By using the Uphold Platform or any other services related thereto (collectively, the Services), you understand that there are substantial risks associated with the purchase, sale and use of crypto assets through us, and you are agreeing to familiarize yourself and assume any and all such risks, including those discussed herein.