Damex reserves the right to delist, temporarily disable or review any project or digital asset from the Damex ecosystem at any time and for any reason without the obligation to state the reason for delisting.
Damex carefully considers its obligations and reasons for delisting and once delisting is considered by Damex’s listing team then a delisting process commences.
Damex will consider a delisting review process including but not limited to the following circumstances:
The delisting process will start with an internal review and investigation of any potential threats to a project or digital asset’s listing. Should Damex decide to delist a project and/or digital asset, then Damex will endeavour to provide as much advance reasonable notice as possible to the project to clients with informative, transparent and open announcements.
Damex may disable trading or any activity of a digital asset within Damex’s ecosystem. It is the Client’s responsibility to check for information relating to the listing, status or delisting of a digital asset. Damex may disable digital asset withdrawals or deposits during a notice period. If a client does not withdraw a digital asset within a given notice period then Damex may deactivate withdrawals where clients may be charged a custody fee until they withdraw the asset or Damex may convert the digital asset into a stablecoin using market value and credit the client’s account with the value in stablecoins.
Damex may detail the fee and other consequences should users or clients not manage the affected digital assets in the manner prescribed by Damex. Damex retains its rights at its sole discretion to set out any delisting procedure, withdrawal procedures and other consequences on a case by case basis. There are times where Damex’s approach to the listing or delisting of assets is determined by market circumstances. There may be instances where due to market circumstances, such as market price of assets or technical issues, Damex may need to limit withdrawals or trading activity altogether and these are changes that are outside of the control of Damex.
Risk Warning And No Liability
Damex shall remain free from liability for the listing or delisting of any project or digital asset.
Damex’s measures, process and due diligence in respect of any project or digital asset provides no guarantee, representation or warranty (express or implied) in respect of any project or digital asset’s suitability, investment prospects, security, reputation or legality. Damex’s review processes and any decision to list or delist are not positive or adverse statements or indications or recommendations for any user or client to buy, sell or otherwise manage a digital asset in any particular manner. In particular Damex does not provide any statement, representation, guarantee or warranty (express or implied) as to whether any particular project is fit for purpose or in respect of any potential earnings, profitability or losses.
Damex holds no responsibility or liability for delisting a digital asset.
To the extent permitted by law, Damex shall not be held liable for any damages, loss of profit, loss of revenue, loss of opportunity, loss of data, or indirect or consequential loss. Trading with digital assets involves a significant amount of risk. For more information about risks, please read our Terms of Service, Section Risk Warning.
Digital Assets are High Risk Assets
Purchasing and investing in Digital Assets is a high-risk activity which incurs risks which are not inherent in managing traditional financial instruments and other assets. The value of digital assets, other digital assets or fiat currencies is not indicative of future performance.
Digital Asset Management Limited is a Company registered in Gibraltar with registration number 116618, with registered business names and trading as ‘Damex’ and ‘Damex.io’. Damex is authorised by the Gibraltar Financial Services Commission (Licence Number 24738) as a Distributed Ledger Provider to provide custody solutions and broker/dealer services under the Financial Services Act. These services are separate and unrelated to the account and payment services you receive from Modulr FS Ltd. Digital Asset Management Limited is a registered EMD agent of Modulr FS Limited, a company registered in England and Wales with company number 09897919, which is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr FS Limited.
Your account and related payment services are provided by Modulr FS Limited, if you are registered in the UK. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) your funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011 (in the UK). Click here to find out assets are safeguarded in the UK and Gibraltar.
Damex only interacts with clients who are either professional, accredited or sophisticated investors and on the basis that any such client has made its own assessment of its financial ability and willingness to accept the risks inherent in the transactions, products, assets or currencies available through Damex. Damex does not transact with or provide services to retail investors or consumers. Please also see our Risk Notice for further information. [Gib+ UK + rest of the world]
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Find out more about Damex.
Founded by Sam Buxton and Thomas Johnson, Damex evolved from crypto custodial solutions to a global fintech powerhouse, handling $2.5 billion in transactions
We are dynamic, we are progressive, we are united.
We are dedicated to simplifying ownership and management of Digital Assets.
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Services to persons in the United Kingdom are available for clients who are either professional, accredited or sophisticated investors, and any such investor will be trading on the basis of its own assessment of its financial ability and willingness to accept the risks inherent in the product or instruments, assets or currencies referenced therein. Damex.io services are not available for retail investors or consumers.
Digital Asset Management Ltd is a company registered in Gibraltar, authorised and regulated by the Gibraltar Financial Services Commission as a DLT provider and is authorised to provide broker/dealer and custody services of digital assets. Damex.io services are not regulated by the Financial Conduct Authority in the United Kingdom but Digital Asset Management Ltd is a registered agent with its payments partners regulated by the FCA. Services provided by the Damex group will be provided subject to your jurisdiction.
For further information, please refer to our disclaimer.