Legal
Terms of Service
Last updated August 11, 2026
These terms set out the basis on which Cosmir Digital Ltd. provides over-the-counter execution and digital asset infrastructure services to corporate and institutional counterparties.
01Scope and eligibility
These Terms of Service govern access to and use of services provided by Cosmir Digital Ltd. ("Cosmir Digital", "we", "us"). They form a binding agreement between Cosmir Digital and the corporate entity accessing the services ("Counterparty", "you").
The services are offered exclusively to corporate and institutional counterparties acting in a business capacity. They are not offered to consumers, retail investors, or natural persons acting outside a business capacity. By accessing the services you represent that you are duly incorporated or organised, and that the individual accepting these terms is authorised to bind your entity.
Access may be declined or withdrawn at our discretion, including where a counterparty, jurisdiction, or intended activity falls outside our risk appetite.
02Services
Cosmir Digital provides (a) bilateral, principal-based over-the-counter execution in digital assets, and (b) digital asset infrastructure services, including custody and transfer rails, compliance screening, and related integration and operational support.
Each transaction is agreed bilaterally on the terms quoted and confirmed at the time of dealing. Where we act as principal, we deal for our own account and are not acting as your agent, broker, fiduciary, or adviser.
Specific services, commercial terms, limits, and settlement mechanics are set out in the onboarding documentation, term sheets, or trading agreements agreed with you. Where those documents conflict with these terms, those documents prevail.
03Services outside our scope
The services expressly do not include: fiat currency accounts, deposit accounts, or stored fiat balances; payment cards or card issuing; deposit-taking or banking services; consumer or retail products; lending, margin, or leverage facilities; and investment, tax, accounting, or legal advice.
Nothing on our website or in our communications constitutes an offer, solicitation, or recommendation to buy or sell any digital asset or financial instrument. You are solely responsible for your own assessment of any transaction and for obtaining independent professional advice.
04Onboarding, AML and sanctions
Access is conditional on completion of our onboarding process, including know-your-business verification, beneficial ownership and control disclosure, source-of-funds and source-of-wealth review, sanctions and adverse media screening, and any further due diligence we consider necessary.
You must provide accurate, complete and current information and promptly notify us of material changes, including changes in ownership, control, licensing status, or the nature of your activity. We conduct ongoing monitoring and may request additional information at any time.
We may refuse, delay, freeze, reverse where technically possible, or report any transaction, and may suspend or terminate access, in order to comply with applicable anti-money laundering, counter-terrorist financing, sanctions, or other legal obligations. Where we are legally prohibited from disclosing the reason for such action, we will not do so.
05Quotes, settlement and risk
Quotes are indicative until confirmed and are valid only for the period stated. Once a transaction is confirmed it is binding and, absent manifest error, is not subject to cancellation or amendment.
Settlement instructions, including wallet addresses and beneficiary details, are your responsibility. Digital asset transfers are generally irreversible; we are not liable for losses arising from instructions you provide, addresses you control or nominate, or network conditions outside our control.
Digital assets are volatile and may lose value rapidly and without limit. Transactions may be affected by network congestion, forks, protocol changes, liquidity conditions, and third-party service interruptions. You accept these risks in full.
06Prohibited use
You must not use the services in connection with any unlawful activity, including money laundering, terrorist or proliferation financing, sanctions evasion, fraud, market manipulation, or the proceeds of crime.
You must not access the services on behalf of an undisclosed third party, from a prohibited or sanctioned jurisdiction, or in circumvention of any restriction we impose. You must not attempt to interfere with, probe, or gain unauthorised access to our systems.
07No deposit insurance
Cryptocurrency and digital asset services are not covered by the Canada Deposit Insurance Corporation (CDIC) or any other deposit insurance scheme. Digital assets are not deposits, are not guaranteed, and may be lost in full.
08Third-party providers
We rely on established third-party technology and service providers for custody, screening, verification, messaging, and hosting. We select and oversee providers with care, but we do not control their systems and are not responsible for their acts, omissions, outages, or failures beyond our contractual arrangements with them.
References to provider names describe our operating stack and do not imply endorsement of you or of any transaction by those providers.
09Limitation of liability
To the maximum extent permitted by law, Cosmir Digital is not liable for indirect, incidental, special, consequential, exemplary, or punitive loss, or for loss of profit, revenue, business, goodwill, opportunity, or anticipated savings, however arising.
Our aggregate liability arising out of or in connection with the services is limited to the fees and spread received by us from you in the three months preceding the event giving rise to the claim. Nothing in these terms limits liability that cannot lawfully be limited, including for fraud or wilful misconduct.
10Indemnity
You will indemnify and hold harmless Cosmir Digital and its directors, officers, employees, and agents against any claim, loss, liability, penalty, cost, or expense (including reasonable legal fees) arising from your breach of these terms, your misuse of the services, the inaccuracy of information you provide, or your breach of applicable law.
11Confidentiality
Each party will keep confidential all non-public information disclosed by the other in connection with the services and use it only for the purposes of the relationship, except where disclosure is required by law, regulation, or a competent authority, or is made to professional advisers and service providers under equivalent obligations.
12Suspension and termination
Either party may terminate the relationship on written notice, subject to settlement of outstanding transactions and obligations. We may suspend or terminate access immediately where required by law, where we suspect unlawful or prohibited activity, where onboarding information is inaccurate or incomplete, or where continued provision would expose us to unacceptable legal, regulatory, or reputational risk.
Provisions intended to survive termination, including those on liability, indemnity, confidentiality, record retention, and governing law, continue in force.
13Changes to these terms
We may amend these terms from time to time. Material changes will be notified to onboarded counterparties through the usual channels of communication. Continued use of the services after the effective date of a change constitutes acceptance of the amended terms.
14Governing law and jurisdiction
These terms are governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein. The courts of Ontario, Canada have exclusive jurisdiction over any dispute arising out of or in connection with these terms, subject to any dispute resolution mechanism agreed in your trading documentation.
15Corporate information and contact
Cosmir Digital Ltd. is a corporation incorporated under the laws of Ontario, Canada, with Ontario Business Registry ID 1001352548, registered office at 1907 Baseline Road, Unit 104, Ottawa, Ontario, K2C 0C7, Canada.
Cosmir Digital Ltd. is registered with FINTRAC as a money services business (MSB), registration number [MSB registration number]. Cosmir Digital Ltd. has applied for registration as a payment service provider (PSP) with the Bank of Canada under the Retail Payment Activities Act (RPAA). Where Cosmir Digital Ltd. performs retail payment activities within the scope of the RPAA, those activities are provided subject to applicable RPAA registration and requirements.
Notices under these terms may be sent to desk@cosmirdigital.com.
Questions regarding this document may be directed to desk@cosmirdigital.com. See also our Privacy Policy.