How to Trade Grass (GRASS) in Mexico

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

Is Grass trading legal in Mexico?

Banco de México's Circular 4/2019, published in the Diario Oficial de la Federación on 8 March 2019, states the policy in its own recitals - it is considered appropriate to keep a healthy distance between virtual assets and the financial system - and then enforces it: credit institutions and licensed fintech institutions (ITF) may carry out virtual-asset operations only as internal operations, only with Banxico's prior authorisation, and an application is expressly ineligible for that authorisation where the institution intends to provide its clients directly with exchange, transmission or custody of virtual assets. So a Mexican bank or an authorised fintech cannot sell you crypto; that trade happens at venues that sit outside the ITF licence, and outside the consumer protections attached to it. Nothing here prohibits a person from buying, holding or selling crypto.

What the contract is

The contract itself does not change by geography: a GRASS 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 GRASS-PERP

Pick GRASS in the markets list. The ticket shows the live price, the current funding rate and max leverage 3x .

GRASS-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of GRASS 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 selling or exchanging cryptocurrency are subject to income tax at the individual's marginal rate (up to 35%).

Trading GRASS from Mexico: legal.

Regulator for Grass trading in Mexico: Banco de México (Banxico) and Comisión Nacional Bancaria y de Valores (CNBV).

Gains from selling or exchanging cryptocurrency are subject to income tax at the individual's marginal rate (up to 35%).

From Mexico, you can fund a Grass position using SPEI (Bank Transfer), Debit Card and OXXO Cash Deposit.

7 platforms serve Mexico for Grass trading, among them Aster, Extended and gTrade.