Ukraine is the case where the framework exists on paper and has no legal force. Spot is neither banned nor regulated - it sits outside the legal perimeter.
Leveraged derivatives are a separate question with a separate answer. Derivative contracts are capital-market instruments that require an NSSMC licence, and the statutory list of things a derivative may be written on does not include virtual assets, so crypto perpetuals and CFDs cannot be licensed in Ukraine at all; there is no domestic venue for them, and no criminal provision aimed at the retail trader either.
The contract itself does not change by geography: a GRAM perpetual settles in USDC everywhere.
8 venues open Gram perps to traders in Ukraine.
ApeX
Aster
gTrade
Hyperliquid
Paradex
ReyaFour steps from sign-up to an open position.
Individuals are subject to 18% personal income tax plus a 5% military levy on crypto gains and income from virtual asset transactions.
Trading Gram from Ukraine: not clearly regulated.
Regulator for Gram trading in Ukraine: National Securities and Stock Market Commission (NSSMC) licenses capital-market activity including derivative contracts; the National Bank of Ukraine (NBU) sets the currency restrictions; no authority currently supervises virtual assets.
Ukraine residents can trade Gram on 9 platforms, including ApeX, Aster and dYdX.
On Canborsa, traders in Ukraine can use up to 10x leverage on Gram.
Canborsa charges 0.07% per side (0.14% round trip) on Gram.