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On the Procedure for Organizing Direct Trading on the Electronic Platform of a Crypto Exchange

Revised on September 21, 2026

I. GENERAL PROVISIONS

1.1. This Regulation on the Procedure for Organizing Direct Trading on the Electronic Platform of the Crypto Exchange of JSC "ASTERIUM" (hereinafter – the Regulation) has been developed in accordance with the Rules for Conducting Crypto-Asset Trading on the Crypto Exchange, approved by Order No. 33 of the Director of the National Agency for Prospective Projects of the Republic of Uzbekistan dated July 18, 2022, registered by the Ministry of Justice of the Republic of Uzbekistan on August 15, 2022 (registration No. 3379).

1.2. This Regulation defines the procedure, processes, and conditions for conducting direct trading of crypto-assets on the electronic platform of the crypto exchange of JSC "ASTERIUM" (hereinafter – the Exchange).

1.3. The following key concepts are used in this Regulation:

  • Direct Trading Platform – an electronic platform operating as part of the Exchange's electronic platform, intended for executing crypto-asset purchase and sale transactions;
  • Large Crypto-Asset Purchase and Sale Transaction – an operation carried out on the direct trading electronic platform for the purchase and sale of crypto-assets for national and/or foreign currency, the total amount of which exceeds three thousand basic calculated values on the day the transaction is concluded;
  • Seller – a trading participant selling crypto-assets on the direct trading platform;
  • Buyer – a trading participant purchasing crypto-assets on the direct trading platform;
  • Personal Account – a closed part of the direct trading electronic platform accessible only to authorized trading participants, used for creating and processing orders, as well as performing other actions in accordance with this Regulation;
  • Deposit of Crypto-Assets – the temporary placement by the seller of crypto-assets at special addresses of the Exchange's crypto-wallets to ensure the fulfillment of obligations under the transaction.

1.4. Other terms and definitions used in this Regulation shall apply in the meanings established by the Rules for Conducting Crypto-Asset Trading on the Crypto Exchange and the current legislation of the Republic of Uzbekistan.

II. PARTICIPANTS OF DIRECT TRADING

2.1. Participants of direct trading may be clients of the Exchange who have access to the direct trading electronic platform based on an agreement concluded with the Exchange.

2.2. To obtain access to the direct trading electronic platform, a client must:

  • conclude an agreement with the Exchange on access to the direct trading electronic platform;

  • undergo the identification procedure in accordance with the requirements of the Exchange;

  • comply with other requirements established by the Exchange's local regulations.

2.3. The Exchange has the right to refuse granting access to the direct trading electronic platform or to suspend access in the following cases:

  • the client fails to provide the necessary documents or information;

  • the client provides false documents or information;

  • the client violates the requirements of this Regulation, other local regulations of the Exchange, or the legislation of the Republic of Uzbekistan;

  • there are other grounds provided for by the legislation of the Republic of Uzbekistan.

2.4. Residents of the Republic of Uzbekistan have the right to carry out transactions for the purchase and sale of crypto-assets for national currency on the direct trading electronic platform.

2.5. Residents of the Republic of Uzbekistan have the right to carry out exclusively transactions for the sale of crypto-assets for foreign currency with non-residents of the Republic of Uzbekistan.

III. PROCEDURE FOR EXECUTING TRANSACTIONS ON THE DIRECT TRADING PLATFORM

3.1. Transactions on the direct trading platform are carried out in the following order:

3.1.1. The seller of crypto-assets creates an order for the sale of crypto-assets in their personal account, specifying:

  • the type and quantity of crypto-assets;

  • price requirements for the crypto-assets;

  • bank account details of the seller in the servicing commercial bank;

  • the validity period of the order;

  • other information necessary for executing the transaction;

  • order type: limit or market order.

3.1.2. The Exchange deposits the seller's crypto-assets on the direct trading electronic platform until the transaction is executed or until the seller requests the return of said crypto-assets. The deposit procedure is carried out by transferring the crypto-assets to special addresses of the Exchange's crypto-wallets.

3.1.3. The buyer accepts the order through their personal account and sends funds in national or foreign currency to the seller's specified settlement account in accordance with the established procedure.

3.1.4. The buyer provides (attaches) a copy of the funds transfer document in their personal account as proof of the transfer made.

3.1.5. The seller checks their account, verifies receipt of the funds in full, and in the personal account authorizes the Exchange to send the crypto-assets to the buyer.

3.1.6. The Exchange transfers the crypto-assets to the buyer's crypto-wallet address upon receiving confirmation from the seller.

3.2. Clients' large transactions are carried out exclusively on the direct trading platform by transferring funds for the sale of crypto-assets to the client's account in their servicing commercial bank.

3.3. The Exchange has the right to execute crypto-asset purchase and sale transactions on the direct trading platform on its own behalf and/or on behalf of clients based on a commission agreement by transferring funds through the Exchange's Settlement and Clearing House.

3.4. Transactions for the purchase and sale of crypto-assets may be carried out on the direct trading platform in accordance with the mutual consent of the seller and the buyer.

3.5. The Exchange establishes the following amount of commission remuneration for organizing transactions on the direct trading platform:

  • for transactions with residents of the Republic of Uzbekistan – up to 3% of the transaction amount;

  • for transactions with non-residents of the Republic of Uzbekistan – up to 3% of the transaction amount;

  • for large transactions – up to 3% of the transaction amount.

3.6. The commission remuneration is collected by the Exchange at the time the transaction is recorded, unless otherwise provided by the agreement.

IV. SPECIAL CONDITIONS FOR CONDUCTING TRANSACTIONS ON THE DIRECT TRADING PLATFORM

4.1. Cancellation of a transaction, refund of funds, or resolution of other disputes shall be carried out through negotiations between the parties in accordance with the established procedure.

4.2. If the seller does not confirm receipt of funds from the buyer within 5 (five) business days from the date the buyer provides the funds transfer document:

  • the Exchange has the right to request additional documents from the buyer confirming the payment;

  • the Exchange has the right to contact the seller's servicing bank to verify the receipt of funds;

  • upon expiration of 5 (five) business days from the date the buyer provides the funds transfer document, in the absence of confirmation from the seller, the Exchange has the right to return the crypto-assets to the seller, in which case the buyer must independently resolve the issue of refunding the money with the seller.

4.3. If the buyer does not send funds to the seller within 5 (five) business days from the date of accepting the seller's order, the order shall be deemed rejected, and the seller has the right to request the return of the deposited crypto-assets.

4.4. In the event of disagreements between the seller and the buyer regarding the terms or execution of the transaction, the dispute shall be resolved through negotiations, and if it is impossible to resolve the dispute through negotiations – in accordance with the procedure provided for by the legislation of the Republic of Uzbekistan.

V. INFORMATION SECURITY AND DATA PROTECTION REQUIREMENTS

5.1. The Exchange ensures adequate information security of the direct trading electronic platform, including:

  • protection of trading participants' personal data;

  • security of storage and transmission of transaction information;

  • protection against unauthorized access to participants' personal accounts;

  • protection against fraudulent actions;

  • regular data backup.

5.2. Participants of direct trading are obliged to:

  • ensure the confidentiality of their personal account access credentials;

  • immediately notify the Exchange of suspicious operations or unauthorized access to their personal account;

  • provide accurate information during registration and when executing transactions;

  • comply with the requirements of this Regulation and the legislation of the Republic of Uzbekistan in the field of information security.

VI. MONITORING OF TRANSACTION EXECUTION AND LIABILITY

6.1. The Exchange exercises ongoing control over transactions related to crypto-asset trading on the direct trading platform.

6.2. In the event of detection of violations of legislation, this Regulation, or other local regulations, the Exchange shall take measures to eliminate them and prevent them in the future.

6.3. Information about each instance of violation of legislation and this Regulation identified by the Exchange shall be stored by the Exchange for at least 5 years from the date of identification of such instance.

6.4. Upon detection of signs of a crime, the Exchange is obliged to immediately send a written report thereof to the authorized body and law enforcement agencies in accordance with the legislation.

6.5. The Exchange is responsible for the proper organization of transactions between parties on the direct trading platform in accordance with this Regulation and other legislative acts.

6.6. Participants of direct trading are liable for:

  • the accuracy of the information provided;

  • timely fulfillment of obligations under transactions;

  • compliance with the requirements of this Regulation, other local regulations of the Exchange, and the legislation of the Republic of Uzbekistan.

VII. FINAL PROVISIONS

7.1. This Regulation shall enter into force from the moment it is approved by the Head of the Exchange.

7.2. Amendments and additions to this Regulation shall be made by decision of the Head of the Exchange and shall enter into force from the moment they are approved, unless otherwise provided by such decision.

7.3. In all matters not regulated by this Regulation, the Exchange and participants of direct trading shall be governed by the Rules for Conducting Crypto-Asset Trading on the Crypto Exchange, local regulations of the Exchange, and the legislation of the Republic of Uzbekistan.

7.4. If, as a result of changes in the legislation of the Republic of Uzbekistan, certain articles of this Regulation come into conflict with such changes, these articles shall lose force, and until amendments are made to this Regulation, the Exchange and participants of direct trading shall be governed by the legislation of the Republic of Uzbekistan.

This document is the intellectual property of JSC "ASTERIUM". Any copying, distribution, or use of this document in whole or in part without the written permission of JSC "ASTERIUM" is prohibited and prosecutable by law.

© JSC "ASTERIUM", 2026

This document is published in its current version and updated by the legal team as changes occur.