Ukraine is the case where the framework exists on paper and has no legal force. Spot is neither banned nor regulated - it sits outside the legal perimeter.
Leveraged derivatives are a separate question with a separate answer. Derivative contracts are capital-market instruments that require an NSSMC licence, and the statutory list of things a derivative may be written on does not include virtual assets, so crypto perpetuals and CFDs cannot be licensed in Ukraine at all; there is no domestic venue for them, and no criminal provision aimed at the retail trader either.
A perpetual on ADA tracks price and does not confer ownership of the underlying — the same contract mechanics apply in every jurisdiction; what differs by country is legal status and funding rails.
10 venues open Cardano perps to traders in Ukraine.
ApeX
Aster
Derive
dYdX
gTrade
Hyperliquid
Ostium
Paradex
ReyaFour steps from sign-up to an open position.
Individuals are subject to 18% personal income tax plus a 5% military levy on crypto gains and income from virtual asset transactions.
Trading ADA from Ukraine: not clearly regulated.
For Cardano traders in Ukraine: In practice Ukrainians verify on foreign platforms under those platforms' own rules.
13 platforms serve Ukraine for Cardano trading, among them ApeX, Aster and Derive.
On Canborsa, traders in Ukraine can use up to 20x leverage on Cardano.
On Canborsa, Cardano trading from Ukraine costs 0.07% per side.
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
Robinhood Chain
