Jan 5 Amended Terms of Service

party custodians on behalf of users and/or on behalf of CoinList. Although we
maintain separate ledgers for users’ CoinList Accounts and proprietary accounts,
CoinList shall have no obligation to segregate by blockchain address Digital
Assets owned by you from Digital Assets owned by others.
Part 4: USD Wallets
1.
USD Wallets. Certain approved Users may establish and fund a U.S. Dollar
balance (a “USD Wallet”) with our custodian banking partner to facilitate
transactions. You are the owner of the balance of your USD Wallet. CoinList
holds your USD balance in a dedicated custodial account with Silvergate Bank
(our “USD Custodian”).
2.
Deposits and Withdrawals. You may fund your USD Wallet via wire transfer or
Automated Clearing House (“ACH”) transfer from your linked bank account.
CoinList will not charge a fee for you to transfer funds to or from your USD
Wallet, but bank transfer fees may apply, and fees from our USD Custodian may
apply.
Your initiation of a fiat currency withdrawal using your User Account
login credentials will be deemed to be your authorization for us to execute the
withdrawal.
You may not deposit USD from, or withdraw USD to, bank accounts
held by third parties.
ACH Transfers.
For users who deposit USD via ACH transfer, limitations,
conditions, and restrictions may be placed on funds available for immediate use.
Such funds, and any Digital Assets purchased with such funds, will be withheld
from withdrawal until they are considered settled (typically within five to seven
business days). Once your ACH deposit is considered settled, you will be able to
withdraw these funds and any Digital Assets you bought with them. You agree
that ACH deposit settlement times are subject to bank holidays, the internal
processes and jurisdictions of your bank, and the internal processes of our
banking partners. You further agree that, in certain situations, ACH deposit
settlement times may be delayed in connection with scheduled downtime or other
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disruptions to our service providers. To the extent your ACH deposit does not
settle, you will not be able to withdraw any assets from your Wallets until you
have made sufficiently settled deposits to your USD Wallet to satisfy the initial
ACH deposit, and CoinList reserves all rights of legal recourse against you.
All Other Transfers.
For other deposit types, CoinList will credit your USD Wallet
with a corresponding amount of dollars after funds are delivered to our USD
Custodian. For wire transfers, funds will typically be available within one to three
business days. For withdrawals, CoinList will immediately instruct our USD
Custodian to debit your USD Wallet when you authorize a withdrawal (subject to
the ACH-related limitations described above) and funds will typically settle to
you within two to three business days. We may not process a transfer instruction
if associated bank fees exceed the value of the transfer.
3.
Commingled USD Account. We may use an omnibus account, controlled by us or
our USD Custodian, to hold USD on behalf of our users. We may invest these
funds in liquid investments, such as U.S. treasuries, in accordance with state
money transmitter laws. CoinList owns the interest or other earnings on such
investments. CoinList shall have no obligation to segregate any user's USD from
any other user's USD, and we may rely upon an internal ledger to indicate the
amount of USD that is owned by each client.