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Elevatyr is a product of Elevatyr, Inc. Cryptocurrency trading is offered through an account with Elevatyr. Elevatyr is not a member of FINRA or SIPC, and is not registered with the SEC. Cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC insurance. Getting “early access” to Elevatyr is defined as signing up with a valid email address for a spot in Elevatyr’s invite-only beta. Early access to the beta for Elevatyr should in no way be construed as confirmation that an account with Elevatyr has been opened or will even be approved for opening.
Cryptocurrency is a digital or virtual currency designed to work as a medium of exchange, but it does not have legal tender status. Cryptocurrencies are not currently backed or supported by any government or central bank, but can be tied to non-governmental organizations, for-profit or otherwise. Their value is largely derived from investor speculation of future development, and market forces of supply and demand, and they are more volatile than traditional currencies and other types of investments. Trading in cryptocurrencies comes with significant risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks. In addition, cryptocurrency markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing.
Cryptocurrency trading requires knowledge of blockchain technology, blockchain companies and cryptocurrency markets. Profiting through cryptocurrency trading requires competing with highly experienced traders worldwide. Cryptocurrency trading may not generally be appropriate, particularly with funds drawn from retirement savings, student loans, mortgages, emergency funds, or funds set aside for other purposes. Return of principle is not guaranteed and trading can lead to large and immediate financial losses. Under certain market conditions, you may find it difficult or impossible to liquidate a position quickly at a reasonable price, when, for example, the market for a particular cryptocurrency suddenly drops, or if trading is halted due to recent news events, unusual trading activity, or changes in the underlying cryptocurrency system. Several federal agencies have also published advisory documents surrounding the risks of virtual currency. For more information see, the CFPB’s Consumer Advisory, the CFTC’s Customer Advisory, the SEC’s Investor Alert, and FINRA’s Investor Alert.