Trade Ether.fi in Turkey

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

Is Ether.fi trading legal in Turkey?

Turkey lets people own and trade spot crypto but has drawn two hard lines around it. The first is payments: since the Central Bank's 2021 regulation, crypto assets may not be used directly or indirectly in payments, and payment and e-money institutions may not move funds to or from crypto platforms.

The second is who may serve you: Law 7518 of 2024 inserted Article 35/B into the Capital Markets Law, so a crypto asset service provider needs prior permission from the Capital Markets Board (SPK) to exist and to operate, and Article 99/A treats an offshore platform that directs activity at Turkish residents as unlicensed provision — a Turkish-language website, a Turkish place of business, or marketing through people in Turkey is enough to establish that it is directed at residents. Operating without permission carries three to five years' imprisonment for the individuals responsible.

What the contract is

A perpetual on ETHFI 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 ETHFI-PERP

Pick ETHFI in the markets list. The ticket shows the live price, the current funding rate and max leverage 5x .

ETHFI-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of ETHFI 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.

Gains from crypto asset disposals are taxed at graduated income tax rates from 15% to 40% for higher amounts, under the other income classification.

Trading Ether.fi from Turkey: regulated.

Regulator for Ether.fi trading in Turkey: Sermaye Piyasası Kurulu (SPK, Capital Markets Board) covers crypto asset service providers; Türkiye Cumhuriyet Merkez Bankası (CBRT) covers the payments prohibition.

For Ether.fi traders in Turkey: Identity verification is mandatory and tightly bound to a bank account.

From Turkey, you can fund an Ether.fi position using Bank transfer (EFT/FAST/Havale) and USDT P2P.