Asset × Country · Legal Status

How to Trade Monad (MON) in Indonesia

STATUSLegal REGULATOROtoritas Jasa Keuangan (OJK) CLASSCrypto

From Indonesia, exposure to Monad runs through a USDC-settled perpetual.

Monad · MON-PERPCrypto · Indonesia

Price · 24h—

Max leverage5x

Funding · APR—

In IndonesiaAvailable

Canborsa fee0.07% per side

Monad in Indonesia · at a glance

Legal

legal statusMonad exposure from Indonesia

max leverageMonad on Canborsa

0.07%

0.14% round-tripCanborsa fee per side

funding intervalSettled while a position is open

What the law actually says

Is Monad 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

The contract itself does not change by geography: a MON perpetual settles in USDC everywhere.

Regulator — Indonesia

RegulatorOtoritas Jasa Keuangan (OJK)

Websiteojk.go.id

CryptoLegal

Funding · local rails

How to fund a trade from Indonesia

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

Bank Transfer

WORKS

Listed as a payment method for Indodax to buy Bitcoin in Indonesia, alongside virtual account and DANA.

QRIS (QR code payment)

WORKS

QRIS is listed as a payment method for Tokocrypto to buy Bitcoin in Indonesia, alongside bank transfer.

Mobile Money (DANA)

WORKS

DANA is listed as a payment method for Indodax to buy Bitcoin, alongside bank transfer and virtual account.

Debit/Credit Card

WORKS

Listed as a payment method for buying Bitcoin in Indonesia, alongside bank transfer and P2P.

WORKS

Used to buy Bitcoin alongside bank transfer and card, per one venue's listed payment options.

Availability · by platform

Platforms that offer Monad perps in Indonesia

11 venues open Monad perps to traders in Indonesia.

Platform

Sign-up

Max lev

Taker fee

ApeX

Browser Wallet Non-custodial

50x

0.05%

Aster

Browser Wallet Non-custodial

—

0.04%

Avantis

Browser Wallet Non-custodial

10x

0.045%

dYdX

Browser Wallet Non-custodial

5x

0.05%

Ethereal

Browser Wallet Non-custodial

5x

0.03%

gTrade

Browser Wallet Non-custodial

150x

0.035%

Helix

Browser Wallet Non-custodial

5.5x

0.0001%

Hyperliquid

Browser Wallet Non-custodial

5x

0.045%

Lighter

Browser Wallet Non-custodial

5x

0%

Pacifica

Browser Wallet Non-custodial

3x

0.04%

Paradex

Browser Wallet Non-custodial

5x

0%

How to start trading Monad from Indonesia

Four steps from sign-up to an open position.

01.

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

02.

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

03.

Open MON-PERP

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

MON-PERPPerpetual · USDC marginLONG

04.

Choose Buy / Long, then set size and leverage

Buying $1,000 of MON 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.

Position · PnLexamplePnL: $3,425.52|+53.6%

Tax note — Indonesia

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

Frequently asked questions

What is the legal status of Monad trading in Indonesia?›

Trading MON from Indonesia: legal.

What authority governs Monad trading in Indonesia?›

Regulator for Monad trading in Indonesia: Otoritas Jasa Keuangan (OJK), the Financial Services Authority, which took over from Bappebti on 10 January 2025.

Do I owe tax on MON gains in Indonesia?›

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

What payment methods work for MON trading in Indonesia?›

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

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