August 27th, 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 Wednesday, August 28th, 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/20240828-explanation-crypto-asset-regulation-amendment-en.pdf
Before and After Comparison Table
https://bitflyer.com/pub/20240828-explanation-crypto-asset-regulation-comparison-en.pdf

1About bitFlyer, Inc.
Founded in 2014 with the mission to "Simplify the World with Blockchain", bitFlyer has
developed its crypto asset trading business globally with its group companies bitFlyer
USA, Inc. and bitFlyer EUROPE S.A.
Thanks to the patronage of its customers, bitFlyer has achieved the No.1* in Bitcoin
trading volume for eight consecutive years.
As a crypto asset exchange operator and a type I Financial Instruments Business,
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*Annual trading volume, including contract for difference trading and futures trading, among domestic crypto
asset exchange operators from 2016 to 2023
(This data was aggregated by bitFlyer based on statistical information published by the Japan Virtual andCrypto assets Exchange Association and trading data disclosed by domestic crypto asset exchange operators.
For the statistical information from the Japan Virtual and Crypto assets Exchange Association, data from 2018
onwards was referenced.)

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 in
losses 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 individualcustomers.) 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 Association

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/Contact2