Effective July 21, 2025 (Last Updated: March 2, 2026)

At BlockWave Innovations, we apply a transparent, formula-based pricing framework for crypto-asset exchange services. The methodology ensures predictability, economic justification, and the absence of hidden costs.

1. Pricing Formula
BlockWave Final Price = Liquidity Providers’ FX Rate + Fixed Commission (0.35%–0.50%, agreed individually per client/contract/period) + ≤2% FX Spread
Where:

• Liquidity Providers’ FX Rate = real-time executable rate sourced from institutional liquidity providers.

• Fixed Commission = agreed contractual trading fee, typically within the range of 0.35%–0.50%.

• ≤2% FX Spread = maximum permitted execution corridor relative to the reference rate (including the 2% limit).

The symbol ≤2% means up to and including 2%.

2. Liquidity Sources and Reference Rate Formation
Internal Liquidity Reserves
The Company may execute transactions using its own liquidity where commercially advantageous or necessary to ensure execution efficiency.
External Liquidity Providers
BlockWave is connected in real time to regulated institutional liquidity providers, including:

• FinchTrade AG

• BitGo GmbH

These providers supply executable institutional pricing and depth of liquidity.
Public Market Data Sources
For benchmarking and price validation, BlockWave references publicly available market data sources, including aggregators such as:

• EX.COM

• OANDA

• and similar market data aggregators.

The reference rate reflects:

• real-time executable LP quotations, and

• publicly observable market pricing.

The Company compares available sources and determines the best executable reference rate at the moment of quotation.

3. FX Spread (Execution Corridor ≤2%)
All transactions are subject to an execution corridor of ≤2% relative to the reference liquidity provider rate.
This mechanism serves as:

• slippage control,

• volatility protection,

• execution certainty safeguard.

In fast-moving market conditions, the final execution price may adjust within this corridor between quote display and confirmation.
The ≤2% spread represents the maximum permitted deviation, including the boundary value.

4. Trading Commission
The commission component is:

• contractually agreed per client,

• typically within the range of 0.35%–0.50%,

• determined based on transaction volume,

• trading frequency,

• client risk classification,

• and other contractual parameters.

The commission is disclosed in advance and forms part of the contractual documentation.

5. Final Price Structure Overview
Liquidity Providers’ FX Rate + Fixed Commission (0.35%–0.50%) + ≤2% FX Spread
This structure ensures:

• pricing transparency,

• predictable maximum deviation,

• clear cost components,

• institutional-grade execution logic.