Trade DRAM Price Index in Dominican Republic

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

Is DRAM Price Index trading legal in Dominican Republic?

The legal status of crypto itself in the Dominican Republic is unclear. Ley 183-02, Ley Monetaria y Financiera of 21 November 2002, provides in article 24 that the national currency, as defined in the Constitution and in the denominations in circulation, is the only legal tender with full discharging effect for all public and private obligations throughout the national territory. So nothing else - no crypto-asset, no stablecoin - is legal tender in the Dominican Republic, and no Dominican merchant or creditor is obliged to accept one.

What the contract is

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

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

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

Open DRAM-PERP

Pick DRAM in the markets list. The ticket shows the live price, the current funding rate and max leverage 20x .

DRAM-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of DRAM 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.

Trading DRAM from Dominican Republic: not clearly regulated.

Dominican Republic traders can fund DRAM Price Index positions using USDT P2P (DOP), Bank transfer (DOP) · Banreservas and Bank transfer (DOP) · Banco Popular.

On Canborsa, traders in Dominican Republic can use up to 20x leverage on DRAM Price Index.

On Canborsa, DRAM Price Index trading from Dominican Republic costs 0.07% per side.