ZIPMEX PERPETUAL FUTURES SUPPLEMENT

Last Updated: 02.04.2026
Supplement B to the ZIPMEX Terms of Service
IMPORTANT WARNING: PERPETUAL FUTURES TRADING INVOLVES EXTREME RISK AND IS NOT SUITABLE FOR ALL USERS. YOU CAN LOSE YOUR ENTIRE DEPOSITED COLLATERAL. LEVERAGE AMPLIFIES BOTH PROFITS AND LOSSES. A RELATIVELY SMALL ADVERSE PRICE MOVEMENT CAN RESULT IN THE TOTAL AND IMMEDIATE LOSS OF YOUR ENTIRE POSITION. BEFORE TRADING PERPETUAL FUTURES, YOU SHOULD CAREFULLY CONSIDER WHETHER SUCH TRADING IS APPROPRIATE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION, RISK TOLERANCE, AND EXPERIENCE.
THIS SUPPLEMENT GOVERNS YOUR USE OF PERPETUAL FUTURES SERVICES ACCESSIBLE THROUGH THE ZIPMEX INTERFACE. THIS SUPPLEMENT IS INCORPORATED INTO AND FORMS AN INTEGRAL PART OF THE ZIPMEX TERMS OF SERVICE ("MASTER TERMS"). CAPITALIZED TERMS USED BUT NOT DEFINED IN THIS SUPPLEMENT HAVE THE MEANINGS GIVEN TO THEM IN THE MASTER TERMS.
BY ACCESSING OR USING PERPETUAL FUTURES SERVICES, YOU ACCEPT AND AGREE TO BE BOUND BY THIS SUPPLEMENT IN ADDITION TO THE MASTER TERMS. IN THE EVENT OF ANY CONFLICT BETWEEN THIS SUPPLEMENT AND THE MASTER TERMS, THIS SUPPLEMENT SHALL PREVAIL WITH RESPECT TO PERPETUAL FUTURES SERVICES.
DEFINITIONS
1.1 "Perpetual Futures Services" means the features of the Interface that enable Users to interact with third-party decentralized derivatives protocols for the purpose of opening, managing, and closing perpetual futures positions (also known as "perpetual swaps" or "perps"), including any associated collateral management, margin, leverage, and order functionality.
1.2 "Derivatives Protocol" means any independent, third-party decentralized protocol through which Perpetual Futures Services are facilitated, including the underlying order book infrastructure, matching engine, settlement layer, and associated smart contracts.
1.3 "Position" means a leveraged long or short perpetual futures contract opened by a User through the Interface via a Derivatives Protocol.
1.4 "Collateral" means the digital assets deposited by a User into a Derivatives Protocol as margin to support and maintain a Position.
1.5 "Liquidation" means the forced closure of a Position by the Derivatives Protocol when the value of the User's Collateral falls below the maintenance margin requirement.
1.6 "Funding Rate" means the periodic payment exchanged between long and short position holders to align the perpetual contract price with the underlying spot price.

NATURE OF PERPETUAL FUTURES SERVICES
2.1 Interface Only
The Interface provides a user interface through which Users may interact with independent, third-party Derivatives Protocols for the purpose of perpetual futures trading. The Operator does not operate, control, manage, deploy, or maintain any Derivatives Protocol, order book, matching engine, settlement system, insurance fund, or liquidation engine.
The Operator's role is strictly limited to providing front-end software that:
(a) displays market data, order books, and position information sourced from Derivatives Protocols;
(b) enables Users to compose and submit order instructions to Derivatives Protocol smart contracts;
(c) displays the status of open Positions, Collateral balances, and transaction history; and
(d) provides user interface tools for order management (limit orders, market orders, stop-loss, take-profit).
2.2 The Operator Does Not
(a) act as a counterparty, market maker, or liquidity provider to any Position;
(b) hold, escrow, pool, custody, or control any Collateral or digital assets at any time;
(c) execute, match, settle, clear, confirm, or guarantee any trade or Position;
(d) determine, set, or influence prices, leverage parameters, margin requirements, funding rates, liquidation thresholds, or fees charged by Derivatives Protocols;
(e) operate or contribute to any insurance fund or backstop facility;
(f) have the ability to intervene in, reverse, cancel, modify, or prevent any Liquidation;
(g) provide any form of negative balance protection or loss mitigation; or
(h) have the ability to reverse, cancel, modify, or recover any completed or pending transaction.
2.3 Third-Party Derivatives Protocols
Perpetual Futures Services are powered entirely by independent third-party Derivatives Protocols. Each Derivatives Protocol has its own terms of service, risk parameters, fee schedules, liquidation mechanics, funding rate formulas, and governance structure. The Operator does not develop, audit, verify, maintain, endorse, or have any contractual relationship with the Derivatives Protocol on your behalf.
The Derivatives Protocol operates its own infrastructure independently of the Interface. The Protocol would continue to function if the Interface ceased to exist. Other independent frontends, APIs, and direct smart contract interactions may provide access to the same Derivatives Protocol.
2.4 Not a Regulated Exchange
The Interface is not a designated contract market ("DCM"), swap execution facility ("SEF"), multilateral trading facility ("MTF"), organized trading facility ("OTF"), or any other form of regulated trading venue or exchange under the laws of any jurisdiction. The Operator is not registered with, authorized by, or supervised by the U.S. Commodity Futures Trading Commission ("CFTC"), the U.S. Securities and Exchange Commission ("SEC"), the European Securities and Markets Authority ("ESMA"), the UK Financial Conduct Authority ("FCA"), or any other financial regulatory authority.

RESTRICTED TERRITORIES FOR PERPETUAL FUTURES SERVICES
3.1 Applicable Restrictions
IN ADDITION TO the general restrictions set forth in Section 3 of the Master Terms, Perpetual Futures Services are NOT AVAILABLE to, and may not be accessed or used by, any person who:
(a) is a resident of, citizen of, national of, located in, ordinarily resident in, incorporated in, or has a registered office in:
the United States of America (including all fifty states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, the Northern Mariana Islands, and all other U.S. territories and possessions);
Canada (including all provinces and territories, with specific emphasis on Ontario);
the United Kingdom of Great Britain and Northern Ireland (including England, Scotland, Wales, and Northern Ireland);
Cuba, Iran, North Korea, Syria, Russia, Belarus, Myanmar;
the Crimea, Donetsk, Luhansk, Kherson, and Zaporizhzhia regions of Ukraine; and
any other jurisdiction subject to comprehensive sanctions by OFAC, the EU, or the UN Security Council;
(b) is a "U.S. Person" as defined under Rule 902(k) of Regulation S of the U.S. Securities Act of 1933, regardless of their current physical location;
(c) is located in any jurisdiction where the offering, marketing, or provision of leveraged derivatives, perpetual futures, contracts for difference ("CFDs"), or similar leveraged instruments to retail users is prohibited, restricted, or requires a license, authorization, or registration that the Operator does not hold; or
(d) is accessing Perpetual Futures Services from any of the above jurisdictions using a VPN, proxy, or other circumvention technology.
3.2 European Union and European Economic Area
If you are a retail client located in the European Union or European Economic Area, you acknowledge that perpetual futures may be classified as contracts for difference ("CFDs") or other financial instruments subject to MiFID II product intervention measures. ESMA and national competent authorities have imposed leverage caps (2:1 for crypto-assets), mandatory risk warnings, margin close-out protections, and other restrictions on CFDs offered to retail clients. The Operator does not hold a MiFID II authorization and does not offer Perpetual Futures Services to retail clients in the EU/EEA as a regulated activity. You are solely responsible for determining whether your access to Perpetual Futures Services complies with applicable EU/EEA law.
3.3 Additional Jurisdictions
The Operator reserves the right to restrict Perpetual Futures Services in additional jurisdictions at any time without prior notice. If you are uncertain whether Perpetual Futures Services are available or legal in your jurisdiction, do not use them.

FEES FOR PERPETUAL FUTURES SERVICES
4.1 Interface Fees
The Operator may charge an Interface Fee on perpetual futures trades executed through the Interface. Interface Fees, if any, are displayed prior to order submission.
4.2 Derivatives Protocol Fees
The Derivatives Protocol charges its own fees, which may include:
(a) Maker fees — fees charged on limit orders that provide liquidity;
(b) Taker fees — fees charged on market orders that consume liquidity;
(c) Funding rates — periodic payments between long and short position holders (see Section 5.3);
(d) Liquidation fees — fees charged when a Position is forcibly liquidated;
(e) Insurance fund fees — contributions to the Protocol's insurance fund; and
(f) Settlement fees — fees for on-chain settlement of trades.
These fees are determined by the Derivatives Protocol and are not set or controlled by the Operator.
4.3 Network Fees
All transactions incur blockchain network fees paid to validators. Network fees are not controlled by or paid to the Operator.

PERPETUAL FUTURES RISKS
THE FOLLOWING RISK DISCLOSURES ARE PROVIDED IN ADDITION TO THE GENERAL RISKS AND PERPETUAL FUTURES RISKS DESCRIBED IN THE RISK DISCLOSURE (SUPPLEMENT E). YOU MUST READ AND UNDERSTAND ALL RISK DISCLOSURES BEFORE TRADING PERPETUAL FUTURES.
5.1 Leverage Risk
Perpetual futures allow you to open Positions with leverage, meaning you can control a Position value greater than your deposited Collateral. Leverage amplifies both profits and losses proportionally.
Illustrative examples (for educational purposes only; actual results may vary):
Leverage Adverse Price Movement Result
2x 50% 100% loss of Collateral
5x 20% 100% loss of Collateral
10x 10% 100% loss of Collateral
20x 5% 100% loss of Collateral
50x 2% 100% loss of Collateral
The higher the leverage, the smaller the adverse price movement needed to lose your entire Collateral. These examples do not account for fees, funding rates, slippage, or liquidation penalties, which may cause losses to occur at even smaller price movements.
5.2 Liquidation Risk
If the value of your Collateral falls below the maintenance margin requirement of the Derivatives Protocol, your Position will be automatically liquidated. You acknowledge and accept that:
(a) Liquidation occurs automatically through smart contracts and cannot be reversed, prevented, or delayed by the Operator;
(b) Liquidation may occur during periods of extreme volatility at prices significantly worse than the last displayed price;
(c) network congestion, oracle delays, or smart contract execution timing may cause Liquidation to occur at unfavorable prices;
(d) Liquidation fees and penalties may further reduce the amount of Collateral returned to you;
(e) in extreme cases, your entire Collateral may be lost through Liquidation; and
(f) the Operator has no ability to intervene in, postpone, modify, or override any Liquidation.
5.3 Funding Rate Risk
Perpetual futures contracts use periodic Funding Rates to align the perpetual contract price with the underlying spot price. If you hold an open Position:
(a) you may be required to pay Funding Rates to counterparties at regular intervals (typically every 1 to 8 hours);
(b) Funding Rates can be positive or negative and may fluctuate significantly;
(c) cumulative Funding Rate payments can substantially erode your Collateral over time, even if the underlying asset price remains stable or moves in your favor; and
(d) Funding Rates are determined by the Derivatives Protocol based on market conditions and are not controlled by the Operator.
5.4 Auto-Deleveraging Risk
In extreme market conditions, if the Derivatives Protocol's insurance fund is insufficient to cover losses from Liquidated Positions, the Protocol may initiate auto-deleveraging ("ADL"). ADL forcibly closes profitable Positions held by other Users to offset losses. Your profitable Position may be closed without your consent at a potentially unfavorable price. The Operator has no ability to prevent, modify, or compensate for ADL events.
5.5 Oracle and Price Feed Risk
Derivatives Protocols rely on price oracles to determine mark prices, trigger Liquidations, and calculate funding rates. Oracles may experience delays, inaccuracies, manipulation, or failure, which may result in incorrect Liquidations, unfavorable Funding Rates, or other adverse outcomes. The Operator does not operate or control any price oracle.
5.6 Insurance Fund Risk
Some Derivatives Protocols maintain an insurance fund to cover losses from Liquidations where the Liquidation price is worse than the bankruptcy price. The insurance fund may be insufficient during extreme market events, leading to socialized losses across all open Positions or ADL events.
5.7 Market Manipulation Risk
Perpetual futures markets may be subject to manipulation, including spoofing, layering, wash trading, and coordinated attacks designed to trigger mass Liquidations. The decentralized nature of these markets may limit the availability of market surveillance tools.
5.8 Counterparty Risk
Perpetual futures trading involves exposure to other market participants. In a decentralized derivatives market, your counterparties may include anonymous traders, market makers, or automated bots. There is no central clearinghouse or guarantee of counterparty performance.
5.9 Regulatory Risk
Perpetual futures may be classified as swaps, leveraged retail commodity transactions, contracts for difference, or other regulated derivatives under the laws of various jurisdictions. Trading perpetual futures without appropriate licenses or regulatory authorization may be illegal in your jurisdiction. Regulatory enforcement actions have been taken against platforms facilitating access to decentralized derivatives. You are solely responsible for determining the legality of derivatives trading in your jurisdiction.

USER REPRESENTATIONS FOR PERPETUAL FUTURES SERVICES
By accessing or using Perpetual Futures Services, you represent and warrant, in addition to the representations in Section 4 of the Master Terms, that:
(a) you are not a U.S. Person as defined in Regulation S, are not located in the United States, Canada, or the United Kingdom, and are not accessing the Interface from any Restricted Territory listed in Section 3.1 of this Supplement;
(b) you understand the mechanics of perpetual futures trading, including leverage, margin, Liquidation, Funding Rates, auto-deleveraging, and order types;
(c) you understand that leverage amplifies losses and that you can lose your entire deposited Collateral;
(d) you have sufficient knowledge, experience, and financial sophistication to evaluate the risks of leveraged derivatives trading and to bear the financial risks associated with the total loss of your Collateral;
(e) any Collateral you deposit represents funds that you can afford to lose entirely without affecting your financial well-being, lifestyle, or ability to meet financial obligations;
(f) you have read, understood, and accepted the Perpetual Futures Risks described in Section 5 of this Supplement and in the Risk Disclosure (Supplement D);
(g) you have not relied on any statement, representation, or recommendation of the Operator in making your decision to trade perpetual futures;
(h) you understand that the Derivatives Protocol determines all trading parameters (leverage limits, margin requirements, Funding Rates, Liquidation thresholds, fees) and that the Operator has no control over these parameters;
(i) your use of Perpetual Futures Services complies with all applicable laws in your jurisdiction, including laws governing derivatives, leveraged trading, and financial services; and
(j) you are not using Perpetual Futures Services to evade any legal restriction or regulatory requirement applicable to you.

THIRD-PARTY DERIVATIVES PROTOCOL TERMS
7.1 Applicable Terms
Your use of Derivatives Protocols through the Interface is subject to the applicable terms, conditions, and policies of each Derivatives Protocol. The Operator is not a party to any agreement between you and any Derivatives Protocol.
7.2 Builder Obligations
The Operator may be subject to certain obligations as a frontend operator ("builder") under the terms of the Derivatives Protocol, including but not limited to obligations regarding user access restrictions, sanctions compliance, and cooperation with the Protocol operator. These builder obligations do not create any additional rights, benefits, or protections for you beyond those expressly set forth in these Terms.
7.3 Derivatives Protocol Disclaimers
You acknowledge and agree that:
(a) the Derivatives Protocol's aggregate liability to the Operator under its builder terms may be zero or negligible;
(b) the Derivatives Protocol may modify its terms, fees, parameters, or functionality at any time without notice to you or the Operator;
(c) the Derivatives Protocol may suspend, restrict, or terminate access for any reason;
(d) the Derivatives Protocol does not hold any regulatory license (DCM, SEF, MiFID II, FCA) and operates as unregistered infrastructure; and
(e) you bear all risks associated with the Derivatives Protocol's unregulated status.

ORDER TYPES AND EXECUTION
8.1 Order Types
The Interface may provide various order types, including market orders, limit orders, stop-loss orders, take-profit orders, and other order types supported by the Derivatives Protocol. The availability and functionality of order types depends on the Derivatives Protocol.
8.2 No Guarantee of Execution
The Operator does not guarantee that any order will be executed, filled, partially filled, or executed at any particular price. Orders are submitted to the Derivatives Protocol for execution according to the Protocol's matching engine and execution rules. Market conditions, liquidity, network congestion, and Protocol parameters may affect order execution.
8.3 Slippage
Market orders and other order types may be subject to slippage — the difference between the expected execution price and the actual execution price. Slippage may be caused by market movement, low liquidity, large order size, or network delays.

COLLATERAL AND MARGIN
9.1 Collateral Deposits
Collateral is deposited directly into the Derivatives Protocol's smart contracts on the blockchain. The Operator does not hold, custody, manage, or have access to your Collateral at any time.
9.2 Margin Requirements
The Derivatives Protocol sets initial margin and maintenance margin requirements for each market. These requirements may change at any time based on Protocol governance, market conditions, or risk parameters. You are solely responsible for monitoring your margin levels and ensuring sufficient Collateral to maintain your Positions.
9.3 Cross-Margin and Isolated Margin
The Derivatives Protocol may offer cross-margin (shared Collateral across Positions) or isolated margin (separate Collateral per Position) modes. You are responsible for understanding the implications of your chosen margin mode, including the risk that cross-margin may expose your entire account balance to Liquidation from any single Position.
9.4 Open Positions Persist Independently
YOUR POSITIONS, COLLATERAL, AND PENDING ORDERS EXIST ON THE DERIVATIVES PROTOCOL, NOT ON THE INTERFACE. If your access to the Interface is suspended, terminated, or restricted for any reason, or if you disconnect your wallet, your open Positions remain active on the Derivatives Protocol. Funding Rates continue to accrue, Liquidation risk persists, and market exposure remains unchanged. You are solely responsible for closing or managing all Positions. If you cannot access the Interface, you may need to manage your Positions through alternative interfaces or direct smart contract interaction with the Derivatives Protocol.

LIMITATION OF LIABILITY FOR PERPETUAL FUTURES SERVICES
Without limiting the general limitation of liability set forth in Section 11 of the Master Terms, the Operator Parties shall have no liability for:
(a) losses arising from the use of leverage, regardless of the leverage ratio;
(b) losses arising from Liquidation of Positions, regardless of the circumstances;
(c) losses arising from Funding Rate payments;
(d) losses arising from auto-deleveraging (ADL) events;
(e) losses arising from oracle manipulation, delays, or inaccuracies;
(f) losses arising from insurance fund depletion or socialized losses;
(g) losses arising from market manipulation, spoofing, or wash trading;
(h) losses arising from Derivatives Protocol failures, bugs, exploits, or shutdowns;
(i) losses arising from changes in Derivatives Protocol parameters, fees, or functionality;
(j) losses arising from failed, delayed, or partially executed orders;
(k) losses arising from slippage on any order type;
(l) losses arising from regulatory enforcement actions against Derivatives Protocols, Users, or the Interface;
(m) losses arising from network congestion, blockchain outages, or high gas fees; or
(n) any loss of Collateral, regardless of the cause.

DISPUTE RESOLUTION REMINDER: All disputes arising from or relating to this Supplement are subject to the binding individual arbitration and class action waiver provisions in Section 15 of the Master Terms. By using the services described in this Supplement, you confirm that you have read and agreed to those provisions.
© 2026 ZIPMEX. All rights reserved. This Supplement is part of the ZIPMEX Terms of Service.