INX SECURITIES, LLC (“INX SECURITIES”) PLATFORM FUNDS AVAILABILITY DISCLOSURE

All cash balances reflected in a User’s Trading Wallet (“Trading Wallet”) on the INX Securities platform are held by Evolve Bank & Trust (“Evolve”) and are FDIC insured up to a balance of $250,000. INX Securities does not hold any User funds. All decisions and directions to purchase, sell, deposit and/or withdraw from a User’s Trading Wallet are solely the User’s decision. The User is solely responsible for ensuring that funds are available to cover all trading activity. The User understands it is using the INX Securities platform as a means to send directions to Evolve if there is a matched transaction and that INX Securities has no control over a User’s account at Evolve. The United States dollar is the only currency used by Evolve and the INX Securities platform. See below for discussion of ETH, USDC and BTC.

Evolve has engaged independent contractors and other third parties, including Synapse Financial Technologies, Inc., to render some or all of the services to Users on Evolve’s behalf.

Evolve is a United States-based entity, subject to US banking rules, regulations and hours.

Evolve Business Hours and Business Days: 9am-5pm US Eastern Time. Typically, every day is an Evolve business day except Saturdays, Sundays and United States federal holidays.

Withdrawals and deposits through Evolve will only be processed during Evolve’s business hours. A User will not be able to make any withdrawals or deposits when Evolve is closed. That includes, but is not limited to, any USD>ETH withdrawals, ETH>USD deposits, USD>USDC withdrawals, USDC>USD deposits, BTC>USD deposits, wires and ACHs.

DEPOSITS

Generally, electronic direct deposits are available on the same US business day that the deposit is received by Evolve, however external User banks generally take between 1-3 business days from the funds transfer request date to get external funds to Evolve. Business hours for Evolve are not the same as the INX Securities trading hours. ACH service is not available to non-US Users, who may fund their Evolve account via SWIFT wire or ETH/USDC/BTC conversion. Until deposited funds appear in a User’s Trading Wallet, they are not available for trading activity. User USD funds deposited at Evolve before 5:00 pm ET on a US business day are typically considered to be deposited that day, however, Users are cautioned that is not always the case, and that the date Evolve receives a deposit is not always the same day the User can use the deposit for trading (i.e., funds may not always be available in a User’s Trading Wallet the same day a deposit is made). INX Securities is not responsible for funds availability delays at Evolve. INX Securities is not responsible for the availability or processing times of the funds being requested from another bank or entity as directed by the User.

Longer delays may apply. In some cases, Evolve may not make some or all of the deposited funds available on the same business day of the deposit. Depending on the type and/or dollar amount of the deposit, funds may not be available until a later date. In addition, funds Users deposit electronically or otherwise may be delayed for a longer period of time under the following circumstances:

• When INX Securities believes a transfer will be returned or not honored by the account holder.
• A User’s account has previously received item returns or chargebacks.
• There are unforeseen circumstances or other technical difficulties, such as processing or communications systems failures.
• When an account has been open for less than 30 days and wire or ACH transfers to the account are delayed.

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WITHDRAWALS

All withdrawals are subject to the same deposit restrictions noted above. As such, a User may not be able to withdraw funds the same business day it made the withdrawal request. USD withdrawal requests made during the time Evolve is open for business are generally executed on the same day, however, delays may apply. Evolve’s business hours are not the same as the INX Securities trading hours. External User banks generally take between 1-3 business days from the request date to post funds transfers from Evolve. INX Securities is not responsible for funds availability or processing delays at Evolve. INX Securities is not responsible for the availability of the funds or processing times delivered to another bank or entity as directed by the User.

ETH and USDC DEPOSITS and WITHDRAWALS; BTC DEPOSITS

ETH and USDC conversions to USD deposits in Evolve accounts are executed by an affiliated third-party provider. ETH and USDC conversions from USD, and BTC conversions to USD are executed by an unaffiliated third party provider,  and are all typically only processed during US banking hours. Withdrawal and deposit USD conversions to/from ETH and/or USDC or deposit BTC conversions to USD are not instant and are only available when they are processed and approved by Evolve. ETH/USDC/BTC conversion requests typically take less than 3 business days to complete and may take longer. Withdrawal conversions to ETH or USDC can only be sent to a User’s Metamask wallet. 

An affiliated third party provider executes ETH>USD, USDC>USD while an unaffiliated third party provider executes BTC>USD, USD>ETH, USD>USDC conversions. All conversions are done at an exchange rate solely determined by the third-party providers, who may charge fees for this conversion service. Senders of ETH, USDC or BTC to the third-party  may be responsible for additional network charges (gas).

IMPORTANT: ETH, USDC and/or BTC transactions requested by INX Securities platform Users to/from Evolve accounts are typically processed during US banking hours. ETH/USDC and/or BTC conversion requests typically take less than 3 business days to complete and may take longer. Any exchange rate will be the rate (as solely determined by the third-party providers) in effect when the exchange is processed, and NOT the exchange rate at the time of the User request. Given the volatile nature of ETH and BTC, the exchange rate at processing can differ substantially from the exchange rate at the time the request was made. For example, if an ETH exchange request is made on a Saturday (or any other time outside of Evolve business hours), the ETH transaction typically will not be processed until the second or third US business day following the request (i.e. Tuesday or Wednesday), and could take longer. At that time, the third-party provider responsible for the conversion will receive and process the request. The applicable exchange rate will be the exchange rate at the time of processing and NOT the exchange rate at the time of the request. INX Securities is not responsible for the ETH/USDC/BTC conversion processing times.