> For the complete documentation index, see [llms.txt](https://mc-markets.gitbook.io/mcmarkets-infohub/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://mc-markets.gitbook.io/mcmarkets-infohub/faq/platform-and-compliance.md).

# Platform & Compliance

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<summary><strong>What type of exchange is MC Markets?</strong></summary>

MC Markets is a transparent, verifiable digital asset exchange — on-chain Proof of Reserves, Perpetual Contracts across crypto and global reference assets.

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<summary><strong>Where can I find the terms and risk disclosures?</strong></summary>

Go to the website footer and click "Terms & Conditions" for the full terms. There is currently no separate standalone Disclaimer page. Risk notices are also shown contextually on individual product pages (for example, margin/leverage risk warnings on the Perpetuals trading page).

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<summary><strong>What does the Proof of Reserves page show, and what reporting point do the figures represent?</strong></summary>

MC Markets publishes on-chain reserve data. On the Proof of Reserves page you can view: the report date, reserve ratio, total user asset value, total platform reserve value, and the third-party audit report listed there. The proof of reserves employs both Merkle Tree and zk-SNARK dual verification mechanisms, and the circuit that generates the proof has been audited by the independent security firm OtterSec.&#x20;

Platform wallet addresses are publicly disclosed along with on-chain asset valuations and blockchain explorer (OKLink) links for independent verification; DeFi assets (including Uniswap V3 LP positions) are also included in the reserve calculation.

Importantly, this information reflects the reserve position as of that report's stated date — it is not an absolute guarantee for any individual account's funds or for any other point in time. To verify a specific report yourself, select that report date on the page and follow the verification steps using the Report ID, Merkle-tree record, and tools provided — this confirms the report's own data is accurate, not a lookup of your personal wallet balance.

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<summary><strong>Does Proof of Reserves mean I can withdraw unconditionally at any time?</strong></summary>

No. Proof of Reserves reflects the platform's reserves and total user asset value as of a specific report's date — it demonstrates transparency of funds, but it is not an absolute guarantee for any individual account or any other point in time, and it is not itself an authorization to withdraw. Actual withdrawals still go through the platform's normal process and conditions.

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<summary><strong>How do I verify a Proof of Reserves report myself?</strong></summary>

Go to the Proof of Reserves page and follow these steps:

* Select the report date you'd like to verify
* MC Markets' Proof of Reserves uses Merkle Tree verification — the page provides the Report ID, Merkle-tree record, and verification tools for that report
* Platform wallet addresses are publicly disclosed, along with on-chain asset valuations and blockchain explorer links (OKLink); each wallet also includes a signature string you can use to confirm the address belongs to the platform
* Follow the on-page steps to complete verification

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<summary><strong>Is an inactive or unfunded account guaranteed never to be closed or charged?</strong></summary>

The account itself will not be deleted or purged just because it has a zero balance or has seen no activity for a long time — as long as you haven't requested closure yourself, it remains available whenever you're ready to use it, and inactivity itself does not affect its existence. There's currently no "dormancy fee" or "inactivity fee" charged on empty or inactive accounts.

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