March 11 Amended Terms of Service

Flash Crashes and Circuit Breakers.
CoinList does not use circuit breakers
or automated trading halts based on predetermined price bands. As
provided herein, CoinList may, in its discretion, halt trading.
6.
Market Manipulation Prohibited.
a.
All Users are prohibited from engaging in Market Manipulation (defined
below).
b.
Market Manipulation of any kind is strictly prohibited. “Market
Manipulation” is defined as actions taken by any market participant or a
person acting in concert with a participant which are intended to:
i.
Deceive or mislead other Users;
ii.
Artificially control or manipulate the price or trading volume of a
Digital Asset; or
iii.
Aid, abet, enable, finance, support, or endorse either of the above.
This may include actions on the CoinList Site or outside of the
CoinList Site.
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c.
Market Manipulation specifically includes, without limitation:
front-running, wash trading, spoofing, layering, churning, and quote
stuffing.
d.
CoinList has the authority to take any action deemed appropriate to
preserve market integrity. Such actions include, but are not limited to, the
halting of trading, modifying risk-mitigating parameters, restricting User
access to CoinList Accounts or to the Site, restricting order types to
post-only or limit-only, canceling orders resting in the order book, or any
other actions deemed to be in the best interest of the Site.
7.
Access to Information
a.
All Users have full and equal real-time access to Public Market Data
(defined below). Public Market Data is made available through the
CoinList Site.
b.
“Public Market Data” comprises the following:
i.
Aggregated limit orders placed on the order book (price and total
quantity) and
ii.
All fills or executions (price, quantity, and time).
c.
Public Market Data does not include the following:
i.
Resting stop orders stop orders that have been placed but not
triggered);
ii.
Any information about which User placed or canceled an order; and
iii.
Private market data that CoinList has access to under contract with
external market makers
d.
CoinList Employee Access. CoinList policies prohibit all CoinList
employees and independent contractors from using inside, corporate or
proprietary information to trade Digital Assets or securities.
8.
Scheduled Downtime. From time to time, CoinList may suspend trading
temporarily for maintenance or upgrades. Absent extenuating circumstances,
CoinList will follow this process for closing and re-opening trading:
○
Step 1: Announce scheduled downtime via email, Twitter and/or the Site.
○
Step 2: Scheduled downtime begins
○
Step 3: Immediately after scheduled downtime is Completed
■
All books enter post-only mode
■
Announce the above via email, Twitter and/or the CoinList Site
■
To ensure a fair and orderly marketplace, CoinList may, in its
discretion, cancel all resting limit orders in an order book before
moving the market to post-only mode or to limit-only mode
○
Step 4: At least 10 minutes after Step 3; or longer if necessary, all books
enter limit-only mode
■
Announce the above via email, twitter and/or the CoinList Site
○
Step 5: At least 10 minutes after Step 4; or longer if necessary:
■
All books enter Full-trading mode
■
Announce the above via email, Twitter and/or the CoinList Site
9.
Order Minimums and Maximums
a.
Order Minimums. Orders placed on CoinList may be subject to the
minimum order sizes.
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i.