Loopring Chicago

Terms of Service

Last updated: March 1, 2025 — Loopring exchange platform operated by looptrade.org, Chicago, IL

Effective Date: March 1, 2025 | Version 2.4.1

1. Acceptance of Terms

By accessing or using the Loopring crypto exchange platform available at https://looptrade.org (the "Platform"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree, do not use the Platform. These Terms constitute a binding legal agreement between you ("User") and looptrade.org LLC, a limited liability company registered in Illinois, USA, with its principal place of business at 350 N Orleans St, Suite 9000, Chicago, IL 60654.

We reserve the right to update these Terms at any time. Material changes will be notified via email or a prominent notice on the Platform. Continued use after changes constitutes acceptance of the revised Terms.

2. Eligibility and Registration

You must be at least 18 years old and legally capable of entering into a binding contract. By registering, you represent that you are not located in a jurisdiction where cryptocurrency trading is prohibited, including but not limited to sanctioned countries under OFAC regulations. You agree to provide accurate, current, and complete information during registration and to update it promptly.

Accounts are non-transferable. You are solely responsible for maintaining the confidentiality of your login credentials and for all activities under your account. Notify us immediately at [email protected] of any unauthorized access.

3. Acceptable Use

You agree to use the Platform only for lawful purposes. Prohibited activities include but are not limited to:

  • Engaging in market manipulation, wash trading, or any fraudulent activity.
  • Attempting to circumvent security measures, access controls, or rate limits.
  • Uploading malicious code, viruses, or any content that disrupts Platform integrity.
  • Violating any applicable federal, state, or local law, including securities laws and anti-money laundering regulations.
  • Using the Platform to transact in stolen funds, proceeds of crime, or for any illegal purpose.

We reserve the right to suspend or terminate accounts that violate these provisions without prior notice.

4. Intellectual Property Rights

All content on the Platform, including but not limited to text, graphics, logos, software, and underlying technology, is owned by looptrade.org LLC or its licensors and is protected by U.S. and international copyright, trademark, and patent laws. You are granted a limited, non-exclusive, non-transferable license to access and use the Platform for personal, non-commercial purposes. You may not reproduce, modify, distribute, or create derivative works without our express written consent.

The Loopring brand name and logo are trademarks of their respective owners. Nothing in these Terms grants you any right to use any trademark, service mark, or trade name.

5. Service Conditions and Limitations

The Platform facilitates peer-to-peer exchange of cryptocurrencies using Loopring's Layer-2 technology. We do not act as a counterparty to trades; we provide matching and settlement infrastructure. Transactions are irreversible once confirmed on the blockchain. We are not responsible for blockchain network delays, forks, or unexpected behavior.

We may impose trading limits, withdrawal caps, or maintenance windows at our discretion. Fees are disclosed on the Services page and may change with 14 days' notice. You are responsible for all applicable taxes arising from your use of the Platform.

Trading cryptocurrencies involves substantial risk of loss. Past performance does not guarantee future results. You should only trade with funds you can afford to lose.

6. Fees and Payment

Our fee structure is transparent and displayed on the Services page. Trading fees are calculated as a percentage of each transaction volume and may vary based on tier and volume. All fees are deducted automatically at the time of trade execution. We may introduce new fees or adjust existing ones with 14 days prior notice via email or platform announcement.

Deposits and withdrawals may incur network transaction fees (gas fees) determined by the underlying blockchain, which are passed through without markup. Fiat currency transactions, if available, may include additional processing fees from third-party payment partners. You are responsible for all fees associated with your account activity.

7. Limitation of Liability

To the maximum extent permitted by applicable law, looptrade.org LLC, its affiliates, officers, directors, employees, and agents shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, use, goodwill, or other intangible losses, arising from or relating to your use of the Platform, even if advised of the possibility of such damages.

Our aggregate liability for any claim arising under these Terms shall not exceed the total fees paid by you to us in the six months preceding the event giving rise to the claim. This limitation applies whether the claim is based on contract, tort, negligence, strict liability, or any other legal theory.

Some jurisdictions do not allow the exclusion or limitation of incidental or consequential damages, so the above limitations may not apply to you. In such cases, our liability will be limited to the fullest extent permitted by law.

8. Disclaimer of Warranties

The Platform and all content, services, and products provided through it are offered on an "as is" and "as available" basis without any warranties of any kind, either express or implied. We expressly disclaim all warranties, including but not limited to implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement.

We do not warrant that the Platform will be uninterrupted, timely, secure, or error-free; that defects will be corrected; or that the servers hosting the Platform are free of viruses or other harmful components. No advice or information obtained by you from us or through the Platform shall create any warranty not expressly stated in these Terms.

Cryptocurrency markets are volatile and inherently risky. You acknowledge that you are solely responsible for your investment decisions and that we do not provide investment, legal, or tax advice.

9. Indemnification

You agree to indemnify, defend, and hold harmless looptrade.org LLC, its affiliates, and their respective officers, directors, employees, and agents from and against any and all claims, damages, obligations, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising from or relating to: (a) your use of or access to the Platform; (b) your violation of these Terms; (c) your violation of any third-party right, including intellectual property or privacy rights; or (d) any content you submit, post, or transmit through the Platform.

We reserve the right to assume the exclusive defense and control of any matter subject to indemnification by you, in which case you agree to cooperate with our defense of such claim.

10. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of the State of Illinois, USA, without regard to its conflict of law provisions. The United Nations Convention on Contracts for the International Sale of Goods does not apply to these Terms.

Any dispute arising from or relating to these Terms or your use of the Platform shall be resolved exclusively through binding arbitration administered by the American Arbitration Association (AAA) under its Commercial Arbitration Rules. The arbitration shall take place in Chicago, Illinois, and judgment on the arbitration award may be entered in any court having jurisdiction.

Notwithstanding the foregoing, either party may seek injunctive or other equitable relief in any court of competent jurisdiction to protect its intellectual property rights or to enforce compliance with these Terms. You agree that any cause of action arising out of or related to these Terms must commence within one year after the cause of action accrues; otherwise, such cause of action is permanently barred.

11. Termination and Suspension

We reserve the right to suspend or terminate your access to the Platform at any time, without prior notice or liability, for any reason, including but not limited to breach of these Terms, suspicious activity, legal or regulatory requirements, or extended periods of inactivity. Upon termination, your right to use the Platform immediately ceases. Outstanding obligations, including fees, remain payable. Sections 4, 7, 8, 9, 10, and 15 of these Terms shall survive termination.

You may terminate your account at any time by contacting [email protected] and completing any pending transactions. We may retain certain data as required by law or for legitimate business purposes after account closure.

12. Privacy and Data Protection

Your use of the Platform is subject to our Privacy Policy and Cookie Policy, which are incorporated by reference into these Terms. We collect, store, and process personal information as described in those policies, including name, email address, IP address, transaction history, and device identifiers. We implement industry-standard security measures to protect your data, but no system is completely secure.

We may share your information with third-party service providers, regulators, and law enforcement as required by applicable law or to protect our rights. You have the right to access, correct, or delete your personal data, subject to legal retention requirements. For privacy-related inquiries, contact [email protected].

13. Anti-Money Laundering and Sanctions Compliance

looptrade.org LLC is committed to complying with all applicable anti-money laundering (AML) and counter-terrorist financing (CTF) laws and regulations, including the Bank Secrecy Act and USA PATRIOT Act. We maintain a risk-based AML program that includes customer identification, transaction monitoring, and suspicious activity reporting.

By using the Platform, you represent and warrant that you are not: (a) a resident or national of any country subject to comprehensive U.S. sanctions, including but not limited to Iran, North Korea, Syria, Cuba, and the Crimea region of Ukraine; (b) listed on the OFAC Specially Designated Nationals (SDN) list, the Denied Persons List, or any other sanctions list; or (c) acting on behalf of any such person or entity. We reserve the right to freeze assets, reject transactions, and report suspicious activity to FinCEN and other regulatory authorities without prior notice.

14. Communication and Notices

We may provide notices to you via email, in-app notifications, or through a posting on the Platform. It is your responsibility to keep your email address current and to check for notifications. Notices sent by email shall be deemed received 24 hours after transmission. Notices posted on the Platform shall be deemed received upon posting.

You may contact us at [email protected] or by physical mail at: looptrade.org LLC, 350 N Orleans St, Suite 9000, Chicago, IL 60654, United States. All formal legal notices must be sent to this physical address.

15. General Provisions

Entire Agreement: These Terms, together with our Privacy Policy, Cookie Policy, and any additional terms incorporated by reference, constitute the entire agreement between you and looptrade.org LLC regarding your use of the Platform, superseding any prior agreements.

Severability: If any provision of these Terms is found to be invalid or unenforceable by a court or arbitrator of competent jurisdiction, the remaining provisions shall remain in full force and effect. The invalid provision shall be modified to reflect the original intent as closely as possible.

Waiver: Our failure to enforce any right or provision of these Terms shall not constitute a waiver of such right or provision unless acknowledged in writing. No waiver of any term shall be deemed a further or continuing waiver of such term.

Assignment: You may not assign or transfer your rights or obligations under these Terms without our prior written consent. We may assign our rights and obligations freely, including in connection with a merger, acquisition, or sale of assets.

Force Majeure: We shall not be liable for any failure or delay in performance due to causes beyond our reasonable control, including but not limited to acts of God, war, terrorism, civil unrest, government action, blockchain network disruptions, power outages, or internet service interruptions.

No Third-Party Beneficiaries: These Terms are for the benefit of the parties and their permitted assigns and not for the benefit of any third party.

16. Contact Information

If you have any questions, concerns, or complaints regarding these Terms, please contact us at:

looptrade.org LLC
350 N Orleans St, Suite 9000
Chicago, IL 60654, USA
Email: [email protected]
Phone: +1 312 826 7493

For customer support inquiries, email [email protected]. We aim to respond within 2 business days.

© 2025 looptrade.org LLC. All rights reserved. These Terms were last modified on March 1, 2025 and are effective immediately.

Privacy Policy

looptrade.org LLC collects personal data including your name, email address, phone number, IP address, device identifiers, and transaction history when you register and use our Loopring exchange platform. This data is used to provide services, comply with legal obligations, prevent fraud, and improve user experience.

We retain your personal data for as long as your account is active and for up to 5 years after closure to meet regulatory requirements. We may share data with third-party service providers (cloud hosting, identity verification, analytics) who are contractually bound to protect your data. We do not sell your personal information.

You have the right to access, correct, or delete your personal data. To exercise these rights, contact [email protected]. We respond to all requests within 30 days.

Cookie Policy

Our website uses cookies and similar tracking technologies to enhance functionality, analyze traffic, and personalize content. We use three categories: Essential cookies (required for platform operation), Analytics cookies (to understand usage patterns via services like Google Analytics), and Marketing cookies (to deliver relevant advertisements).

You can manage cookie preferences through your browser settings. Disabling essential cookies may affect platform functionality. We obtain your consent before placing non-essential cookies, and you may withdraw consent at any time by clearing your cookies or contacting us.

Third-party cookies may be set by our analytics and advertising partners. We do not control these cookies. For more details, review our full Cookie Policy at /cookie-policy.

Terms of Service

By using the Loopring exchange platform provided by looptrade.org LLC, you agree to these Terms. You must be at least 18 years old and not a resident of sanctioned jurisdictions. You are responsible for maintaining account security and for all activity under your account.

Prohibited uses include market manipulation, fraud, unauthorized access attempts, and violation of any applicable laws. We reserve the right to suspend accounts for violations. All intellectual property on the platform is owned by looptrade.org LLC or its licensors.

Our liability is limited to the fees paid in the prior six months. We provide no warranty of uninterrupted service. Disputes are governed by Illinois law and resolved through AAA arbitration in Chicago. Full terms at /terms.

Risk Disclosure

Trading cryptocurrencies involves substantial risk of loss and is not suitable for all investors. The value of digital assets can fluctuate significantly, and you may lose some or all of your invested capital. Past performance is not indicative of future results.

Cryptocurrency markets are subject to regulatory changes, cybersecurity threats, market manipulation, and technological risks including smart contract vulnerabilities and blockchain forks. You should carefully consider your financial situation and risk tolerance before trading.

looptrade.org LLC does not provide investment, legal, or tax advice. You are solely responsible for your trading decisions. Cryptocurrency holdings are not FDIC or SIPC insured. For full details, read our Disclaimer at /disclaimer.