August 22nd, 2024
bitFlyer, Inc.

Updates to the Document Requiring User Agreement(Written Explanation of Crypto Asset Trading)
The Document Requiring User Agreement (Written Explanation of Crypto Asset Trading)will be updated as of Friday, August 23rd, 2024.

■Updates to the Document Requiring User Agreement (Written Explanation of Crypto AssetTrading)
The revised documents and before and after comparisons can be found in the links below.
The Document Requiring User Agreement (Written Explanation of Crypto Asset Trading)https://bitflyer.com/pub/20240823-explanation-crypto-asset-regulation-amendment-en.pdf
Before and After Comparison Table
https://bitflyer.com/pub/20240823-explanation-crypto-asset-regulation-comparison-en.pdf

1About bitFlyer, Inc.
bitFlyer was founded in 2014 with the mission to "Simplify the World with Blockchain"and has developed its crypto asset trading business globally with its group companies
bitFlyer USA, Inc. and bitFlyer EUROPE S.A.
bitFlyer has achieved the highest customer satisfaction* thanks to the patronage of its
customers.
As a crypto asset exchange operator and a type 1 financial instruments trade operator,
bitFlyer continues to expand and improve its services and aims to provide a highly liquid
crypto asset exchange that satisfies as many customers as possible.
Official website: https://bitflyer.com/en-jp*Survey: November 2022 Market Research on Crypto Asset Exchange Services
Research Organization: Japan Marketing Research Organization
Survey period: November 11, 2022 - November 25, 2022

Disclaimer (Please read carefully):- Crypto assets are not a legal tender.
- Crypto assets may be used to settle a payment only in the event that the person receiving the payment agrees.
- Buying/selling crypto assets or exchanging them for other crypto assets are transactions which may result inlosses incurred from price fluctuations of crypto assets. It is possible that the price of crypto assets declines due
to influences from changes in balance of supply and demand, trends on prices of goods, currencies and othermarkets, as well as changes in situation related to crypto assets.
- Trading with over-the-counter crypto asset derivatives may cause losses, because their trading price may
fluctuate in either way due to influence from changes in balance of supply and demand of over-the-counter
crypto asset derivatives on our platform as well as indirect influence from price changes of the crypto assets
referred by those over-the-counter crypto asset derivatives.
- Over-the-counter crypto asset derivative trades are trades in which the notional amount, which is the productof the trading price and the open interest volume, can be larger than the amount of the margin deposit.
Therefore, the amount of loss incurred may be larger than the amount of margin deposit if the notional amountfluctuates to a greater extent than the amount of margin deposit to your disadvantage due to changes inbalance of supply and demand of over-the-counter crypto asset derivatives or price fluctuations of the crypto
assets referred by the derivatives.
- The margin deposit size for over-the-counter crypto assets derivatives must be no less than 50% of the notionalamount, while the notional amount must be no more than 2 times the margin deposit. (Both for individual
customers.) More information can be found on our “What is bitFlyer Crypto CFD?” page.
- When making purchases or sales of crypto assets on Buy/Sell, or exchanging them for other crypto assets,customers bear the spread. The spread is the difference between the purchase and selling prices. The fees
incurred when buying or selling crypto assets, exchanging them for other crypto assets or over-the-counter
crypto asset derivatives as well as the calculation methods for the corresponding fees can be found on our “Feesand Taxes” page.
- Over-the-counter crypto asset derivatives are negotiated transactions between you and bitFlyer, Inc. which isthe counterparty for you on those derivatives.
- You should thoroughly read and understand all of our documents that require user agreement. Trade at yourown risk and judgment.

bitFlyer, Inc.
Director-General of the Kanto Finance Bureau No. 00003
Financial Instruments Business Kanto Local Finance Bureau (FIBO) No. 3294
Member of Japan Virtual and Crypto asset Exchange Association, which is Certified Association for Payment
Service Providers as well as Financial Instruments Firms Association2

Media Inquiries
PR team, bitFlyer, Inc.
Midtown Tower, 9-7-1 Akasaka, Minato-ku, Tokyo 107-6233
HP: https://bitflyer.com/en-jp Contact: https://bitflyer.com/en-jp/Contact3