Term & Conditions are some kind of standard now.
Many of the terms are similar or same on many services.
Using same legal firm or same jurisdiction that is possible - no need to develop a wheel one more time.
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I don't think there were some standards especially for an exchange website it's very unprofessional. Also I don't think this could be considered in gambling section since the use of your website is more likely as exchange website.
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This is a topic regarding the app on the service called "Long Short"
It is third party product.
Exchange provides the wallets service only with this matter.
Thank you for your opinion.