Trade Ethena in Indonesia

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

Is Ethena trading legal in Indonesia?

Indonesia treats crypto as a tradable financial asset, and it regulates the venue. Supervision of digital financial assets including crypto moved from the commodity-futures regulator Bappebti to the financial services authority OJK: the handover was signed on 10 January 2025, the same date POJK No. 27 of 2024 took effect. Under that regime a Penyelenggara Perdagangan Aset Keuangan Digital is licensed by OJK, and it is forbidden to trade any digital financial asset that is not on the list (Daftar Aset Keuangan Digital) fixed by the exchange — so what a resident can legally trade is a bounded list on a licensed venue.

What the contract is

A perpetual on ENA 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.

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 ENA-PERP

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

ENA-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of ENA 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.

Sellers of crypto assets in Indonesia pay a final income tax under Article 22 at 0.21% of the transaction value.

Trading ENA from Indonesia: legal.

From Indonesia, you can fund an Ethena position using Bank Transfer, QRIS (QR code payment) and Mobile Money (DANA).

Indonesia residents can trade Ethena on 19 platforms, including Aevo, ApeX and Aster.

Canborsa offers up to 10x leverage on Ethena for traders based in Indonesia.