Spot Trading Terms
Last Updated: Nov 19, 2025
RISK WARNING
You are strongly encouraged to carefully review these Spot Trading Terms (“Terms”). These Terms specifically govern your access to and use of the Spot Trading Terms service and any ancillary services made available in accordance with these Terms. By accessing and/or using Spot Trading service, you acknowledge and agree that you will be bound by and will comply with these Terms, as updated and amended from time to time. If you do not understand and accept these Terms in their entirety, you should not use the Spot Trading service.
These Terms are supplemental to and shall be read together with the IMBX Terms of Use (“Terms of Use”) and the provisions set out therein shall continue to apply. All terms and clauses contained in the Terms of Use (except to the extent expressly modified herein) are incorporated by reference and have the same force and effect as if set out in their entirety in these Terms. These Terms constitute Product Terms. References in the Terms of Use to the Services shall include references to these Terms contemplated hereunder.
In the event of any conflict or inconsistency between these Terms and the Terms of Use, these Terms shall prevail with respect to the services contemplated hereunder, unless expressly stated otherwise. We may make changes to these Terms (or any terms or information incorporated by reference) at any time in accordance with the Terms of Use.
Digital Assets prices can be volatile. These fluctuations may affect the value of Digital Assets you buy or sell under these Terms, which may be lower or higher at the time of and after completion of the transaction. You are solely responsible for your investment decisions and we are not liable for any losses you may incur.
1. Definitions
Unless otherwise defined, capitalised words used in these Terms shall have the same meaning given to them in the Terms of Use. The rules of interpretation set out in the Terms of Use shall apply to these Terms.
Activated means, in respect of Trailing Stop Order, the time from which the minimum or maximum price on the Order Book is observed to determine whether a movement equal to, or greater than, the Trailing Delta has occurred, which is (i) if no Activation Price is specified, the time at which the Trailing Stop Order is Placed, or (ii) if an Activation Price is specified, the time that such Activation Price is Reached on the Order Book.
Ask means an Order on the Order Book to sell a certain quantity of the Base Asset for a specified price denominated in the Quote Asset.
Base Asset means the first Tradeable Asset stated in a Trading Pair; that being the Tradeable Asset being traded on the Order Book.
Bid means an Order on the Order Book to buy a certain quantity of the Base Asset for a specified price denominated in the Quote Asset.
Custom Order means any Order Type made available on the Platform from time to time that includes additional features or parameters compared to a Market Order or a Limit Order or that embeds an element of conditionality in the placing of Orders, including OCO Orders, Stop Limit Orders and Trailing Stop Orders.
Limit Order means an Order to buy or sell a specified quantity of a Tradeable Asset at a price better than or equal to the price specified in that Limit Order.
Maker Order means an Order on the Order Book available to be Matched with a Taker Order.
Market Order means an Order to buy or sell a specified quantity of a Tradeable Asset at the best price that is currently available for the relevant Trading Pair on the Platform.
Matching means the Platform matching a Maker Order and a Taker Order for the execution of a Transaction and “Matched” is to be interpreted accordingly.
Order means an offer to buy or sell a Tradeable Asset on the Platform.
Order Book means the order book in respect of a particular Trading Pair maintained by IMBX.
Order Type means, in respect of an Order, the parameters determining the rules governing how this Order will interact with the Order Book.
Quote Asset means the second Tradeable Asset stated in a Trading Pair; that being the Tradeable Asset in which trading is denominated on the Order Book.
Placed means, in respect of an Order, that such Order has been received by the Platform, complies with all relevant limits, filters and controls, as determined by the Platform, and is accepted by the Platform for Matching, and “Place” or “Placing” is to be interpreted accordingly.
Priority means, in respect of two or more Maker Orders in the same direction (buy or sell) with the same price, the attribute of the Maker Order that was first added to the Order Book.
Reached means, in respect of a price, that the most recent Matched Orders on the relevant Order Book were Matched at that price.
Settlement means reflecting the Transactions resulting from the Matching of Orders in the relevant users’ Accounts by updating their balances accordingly, and “Settle” is to be interpreted accordingly.
Size means, in respect of a Bid or Ask, the quantity of the Base Asset to be bought or sold.
Spot Trading means buying or selling Tradeable Assets on the Platform for immediate Settlement.
Stop Limit Order means an Instruction to submit a Limit Order only when and if the specified Stop Price specified in respect of the Stop Limit Order is Reached.
Taker Order means an Order that will be immediately Matched with another Order upon submission to the Platform.
Tradeable Asset means any Supported Digital Assets and/or any supported Fiat Currency made available in a Trading Pair.
Trading Pair means the combination of a Base Asset and a Quote Asset that is offered for trading on the Exchange.
Trading Rules means the trading rules available at the Platform from time to time.
2. Disclosure and Consent
2.1 By accessing and/or using the Spot Trading service, you acknowledge that you have read, understood and accepted all of the terms and conditions in these Terms, and you acknowledge and agree that you will be bound by and will comply with these Terms. If you do not understand and accept these Terms in their entirety, you should not subscribe.
3. Spot Trading Service
3.1 Spot Trading allows you to submit buy or sell Orders via the Platform in respect of certain Trading Pairs.
3.2 Our Services are available during such times as notified by IMBX on the Platform or as otherwise notified in writing by IMBX.
3.3 IMBX may periodically shut down the Platform or access to the Platform, and interrupt any automatic functions for reasons such as (i) emergency maintenance (including unscheduled maintenance); (ii) planned or unplanned system and software updates; and (iii) due to any other event or occurrence that IMBX considers, in its sole discretion, to be a reason to suspend or shut down the Platform.
3.4 You acknowledge and agree that IMBX reserves the right to disable, update, cancel, restrict or otherwise modify any content, components or features of Spot Trading and/or the Platform.
3.5 Without limiting any other clause in these Terms or the Terms of Use, we reserve the right, and without liability to you, to process an Order, decline to process an Order, suspend, cancel, reverse, void or partially execute your Orders at our discretion.
3.6 IMBX has the exclusive authority to determine which Digital Assets are listed on the Platform and may add or remove Digital Assets from the Platform in its sole discretion, from time to time. We may also change rules in respect of order parameters, including the order size and tick size available, for each Digital Asset. In respect of such additions, removals, or amendments, IMBX shall have no liability to users in connection with such additions, removals or amendments.
4. Orders
4.1 You may submit Orders by an Instruction on the Platform. You must, at a minimum, specify the following information when placing an Order, (i) the Trading Pair; (ii) whether you wish to buy or sell the Base Asset; (iii) the Order Type; (iv) the Order value (denominated in Base Asset or Quote Asset); and (v) any additional parameters required for the relevant Order Type or specified by IMBX from time to time.
4.2 An Order must comply with (i) any Transaction limits; (ii) the relevant Trading Rules; and (iii) any other requirements, filters or limits specified by IMBX or included in the Terms of Use, whether such requirements, filters or limits apply at the level of individual users, certain Digital Assets or at the level of the Exchange as a whole.
4.3 To submit an Order you must have available a balance in your Account sufficient to cover the total value of the Order and any applicable Fees as set out in the Fee Schedule. If you do not have a sufficient balance in your account, your Order will be rejected.
4.4 Any Transaction may incur a trading fee, as set out on the Fee Structure, as amended from time to time. You authorise IMBX to deduct any Fees directly from your Account without further notice to you.
4.5 When you submit your Order, the relevant quantity of the relevant Tradeable Asset will be locked in your Account until the Order is Matched, is cancelled or expires.
5. Market and Limit Orders
5.1 Market Orders are Taker Orders and a Market Order is not guaranteed to execute at a particular price. To submit a Market Order, you must specify the relevant Trading Pair and either the quantity of the Base Asset to be bought or sold or the quantity of the Quote Asset you want to spend or receive. Once a Market Order is Placed, it will be Matched, in whole or in part, with the best available Bid or Ask on the Order Book at the time. If the Size of the Bid or Ask at the top of the Order Book is not sufficient to Match the whole quantity of the Market Order, the remaining portion of the Market Order will be Matched successively with the next best Bid or Ask on the Order Book, until either (i) the whole Market Order has been filled, or (ii) there are no Bids or Asks available to Match with the remaining unfilled quantity of the Market Order and it expires. Therefore, the price at which a Market Order is filled depends on a number of factors, including in particular the liquidity and market depth of the Order Book at the time the Market Order is Placed.
5.2 A Limit Order can be a Maker Order or a Taker Order. To submit a Limit Order, you must specify the relevant Trading Pair and the quantity of the Base Asset to be bought or sold, as well as the least favourable price at which you are willing to trade (the “Limit Price”). A Limit Order may only execute at the Limit Price or at a better price (the “Limit Condition”). Limit Orders are
6. Matching and cancellation
6.1 The Platform shall automatically Match Taker Orders with Maker Orders on an Order Book based on a predetermined set of rules.
6.2 A Taker Order will be Matched with the Maker Order with the best price on the relevant Order Book with Priority, if applicable, and,if only partially Matched with a Maker Order, will then be Matched with the next best Maker Order with Priority, if applicable. These steps will be repeated until the Taker Order is fully filled, expires or, in accordance with the rules for the relevant Order Type, the remaining unfilled portion of the Taker Order is added to the Order Book and becomes a Maker Order.
6.3 You may only cancel an Order before it has been Matched. Once your Order has been Matched, you may not change, revoke or cancel our authorization to complete the Matched portion of the Order. For any partially Matched Order, you may cancel the non-Matched part of the Order. IMBX reserves the right to reject any cancellation request related to an Order you have submitted.
7. Settlement
7.1 Once an Order is Matched, it will be Settled as soon as reasonably and commercially practicable.
7.2 Settlement is final and we will not reverse a Transaction unless, (i) IMBX is required to do so by Applicable Law; (ii) we are entitled to reverse the Transaction under these Terms or the Terms of Use; (iii) the Order, Matching or Settlement, or any parameter relevant to the foregoing, was affected by Manifest Error; or you have not complied with these Terms. Acting at our own discretion, in any event, we are only under an obligation to take reasonable and commercially practicable steps to return you to the position you were in prior to Settlement, in the event of a reversal of a Settlement. For the avoidance of doubt, in no circumstances shall IMBX be liable for any indirect losses.
8. Order management
8.1 You agree to comply with any limits or controls imposed by us under this clause and not to take any actions that will cause you to violate any such limits or controls. We may, in our sole discretion, impose trading and position limits and position management controls, including limits set out in the Trading Rules and other controls to mitigate and manage our own liquidity, operational and other risks, at any time, without prior notice and without giving reasons. Therefore, you acknowledge and agree that you may be prevented from submitting an Order or undertaking other steps at certain times if such actions would cause you to exceed an applicable limit, and that we may apply filters to reject an Instruction submitted by you that does not comply with any relevant limits or controls.
8.2 We may monitor your positions against the limits or controls imposed by us. Any such limits imposed by us are solely for our protection and the protection of other users and we will have no responsibility for monitoring or ensuring your compliance with any limits imposed on your trading activities by you or by Applicable Law.
8.3 To ensure compliance with Applicable Law or any limits or controls set by us hereunder, we may decline to act on Instructions and/or execute an Order. We may also suspend your use of the Platform, requiring you to take certain action that we consider appropriate in the circumstances.