How to Trade Ethena (ENA) in Serbia

Getting Ethena exposure from Serbia takes a wallet and USDC; the legal status and rail-by-rail detail follow.

Is Ethena trading legal in Serbia?

Serbia is one of the few non-EU countries we cover with a dedicated statute: the Law on Digital Assets (RS Official Gazette No 153/2020) has applied since June 2021 and covers both halves of the market. It defines digital assets as a digital representation of value that can be bought, sold, exchanged or transferred and used as a means of exchange or for investment, and it separates out virtual currency - a type of digital asset that no central bank or public authority issues or guarantees, that is not necessarily attached to legal tender, and that does not have the legal status of money or a currency. Owning and trading crypto is therefore lawful; what is licensed is the business of serving other people.

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.

Capital gains tax on cryptocurrency in Serbia is a flat 15%, calculated on the difference between the selling price and the documented purchase price.

Trading ENA from Serbia: legal.

For Ethena traders in Serbia: After choosing a crypto exchange, Serbian users must complete Know Your Customer verification by submitting official identification documents such as a passport, ID card, and proof of address before trading.

Serbia traders can fund Ethena positions using NBS-licensed virtual currency service provider and SWIFT bank transfer (EUR/USD).

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