Asset × Country · Legal Status

Trade Circle Internet Group in Cambodia

STATUSRegulated REGULATORNBC CLASSUS Equity

This page answers one question for Cambodia: how a resident actually gets CRCL exposure, and what the rules say.

Circle Internet Group · CRCL-PERPUS Equity · Cambodia

Price · 24h—

Max leverage10x

Funding · APR—

In CambodiaAvailable

Canborsa fee0.07% per side

Trade CRCL on Canborsa ›

Circle Internet Group in Cambodia · at a glance

Regulated

legal statusCircle Internet Group exposure from Cambodia

10x

max leverageCircle Internet Group on Canborsa

0.07%

0.14% round-tripCanborsa fee per side

funding intervalSettled while a position is open

What the law actually says

Is Circle Internet Group trading legal in Cambodia?

Cambodia moved from prohibition to a licensing regime on 26 December 2024, and the licence it created cannot yet be obtained. The National Bank of Cambodia's Prakas No.

B7-024-735 on Transaction Related to Cryptoassets recognises cryptoassets as a category, sorts them into Group 1 (tokenized traditional assets and fully backed stablecoins meeting a redemption-risk test) and Group 2 (everything else, expressly including unbacked cryptoassets such as Bitcoin), and creates a class of cryptoasset service provider. Article 20 sets out exhaustively what a CASP may do: exchange cryptoassets against fiat in either direction, transfer them, and hold or administer them in custody.

Article 19 then says any entity wishing to operate as a CASP must obtain a licence from the NBC and that the criteria and conditions for that licence are provided in a separate Prakas.

What the contract is

The contract itself does not change by geography: a CRCL perpetual settles in USDC everywhere.

Regulator — Cambodia

RegulatorNational Bank of Cambodia (NBC)

Websitewww.nbc.gov.kh

CryptoRegulated

Funding · local rails

How to fund a trade from Cambodia

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

Bank transfer (KHR / USD, domestic commercial bank)

BLOCKED

Blocked by regulation: a bank needs prior NBC authorisation under a separate Prakas that has not been issued.

Domestic payment service institution / e-wallet

BLOCKED

Blocked the same way: payment service institutions also need a separate NBC Prakas for crypto services, and none exists.

Paying for goods and services in crypto

BLOCKED

Prohibited for any licensed provider from promoting or supporting crypto as payment for goods and services.

Lending or staking of customer crypto held by a provider

BLOCKED

Prohibited outright; a licensed provider cannot use, lend, or stake customer crypto for its own business.

Availability · by platform

Platforms that offer Circle Internet Group perps in Cambodia

14 venues open Circle Internet Group perps to traders in Cambodia.

Platform

Sign-up

Max lev

Taker fee

CanborsaSign up›

Browser Wallet Non-custodial

10x

0.07%

ApeX

Browser Wallet Non-custodial

50x

0.05%

Aster

Browser Wallet Non-custodial

—

0.04%

Avantis

Browser Wallet Non-custodial

2x

0.045%

gTrade

Browser Wallet Non-custodial

2x

0.035%

Helix

Browser Wallet Non-custodial

30x

0.0001%

Hyperliquid

Browser Wallet Non-custodial

10x

0.045%

Lighter

Browser Wallet Non-custodial

10x

0%

Ondo

Browser Wallet Non-custodial

10x

0.025%

Ostium

Browser Wallet Non-custodial

100x

—

Pacifica

Browser Wallet Non-custodial

10x

0.04%

Paradex

Browser Wallet Non-custodial

5x

0%

QFEX

Browser Wallet Non-custodial

10x

0.1%

Vest

Browser Wallet Non-custodial

25x

0.01%

How to start trading Circle Internet Group from Cambodia

Four steps from sign-up to an open position.

01.

Sign up on Canborsa with email, X or a wallet

No document upload to open the account. Canborsa is non-custodial: your collateral stays under your own keys until a position opens.

Email X Wallet

02.

Fund the account with USDC

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Canborsa takes no fiat, so buying the USDC happens wherever you normally buy stablecoins.

→

Robinhood Chain

03.

Open CRCL-PERP

Pick CRCL in the markets list. The ticket shows the live price, the current funding rate and max leverage 10x .

CRCL-PERPPerpetual · USDC marginLONG

04.

Choose Buy / Long, then set size and leverage

Buying $1,000 of CRCL at 5x uses $200 of collateral. Higher leverage moves the liquidation price closer to your entry: your exposure is the position size, whatever margin you posted. Set a stop-loss below your entry before you walk away.

Position · PnLexamplePnL: $3,425.52|+53.6%

Tax note — Cambodia

Capital gains from cryptocurrency sales are taxed at a flat rate of 20%.