Asset × Country · Legal Status

Trade Morpho in Cambodia

STATUSRegulated REGULATORNBC CLASSCrypto

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

Morpho · MORPHO-PERPCrypto · Cambodia

Price · 24h—

Max leverage5x

Funding · APR—

In CambodiaAvailable

Canborsa fee0.07% per side

Morpho in Cambodia · at a glance

Regulated

legal statusMorpho exposure from Cambodia

max leverageMorpho on Canborsa

0.07%

0.14% round-tripCanborsa fee per side

funding intervalSettled while a position is open

What the law actually says

Is Morpho trading legal in Cambodia?

Cambodia moved from prohibition to a licensing regime on 26 December 2024, and the licence it created cannot yet be obtained. The National Bank of Cambodia's Prakas No.

B7-024-735 on Transaction Related to Cryptoassets recognises cryptoassets as a category, sorts them into Group 1 (tokenized traditional assets and fully backed stablecoins meeting a redemption-risk test) and Group 2 (everything else, expressly including unbacked cryptoassets such as Bitcoin), and creates a class of cryptoasset service provider. Article 20 sets out exhaustively what a CASP may do: exchange cryptoassets against fiat in either direction, transfer them, and hold or administer them in custody.

Article 19 then says any entity wishing to operate as a CASP must obtain a licence from the NBC and that the criteria and conditions for that licence are provided in a separate Prakas.

What the contract is

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

Regulator — Cambodia

RegulatorNational Bank of Cambodia (NBC)

Websitewww.nbc.gov.kh

CryptoRegulated

Funding · local rails

How to fund a trade from Cambodia

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

Bank transfer (KHR / USD, domestic commercial bank)

BLOCKED

Blocked by regulation: a bank needs prior NBC authorisation under a separate Prakas that has not been issued.

Domestic payment service institution / e-wallet

BLOCKED

Blocked the same way: payment service institutions also need a separate NBC Prakas for crypto services, and none exists.

Paying for goods and services in crypto

BLOCKED

Prohibited for any licensed provider from promoting or supporting crypto as payment for goods and services.

Lending or staking of customer crypto held by a provider

BLOCKED

Prohibited outright; a licensed provider cannot use, lend, or stake customer crypto for its own business.

Availability · by platform

Platforms that offer Morpho perps in Cambodia

6 venues open Morpho perps to traders in Cambodia.

Platform

Sign-up

Max lev

Taker fee

Aster

Browser Wallet Non-custodial

—

0.04%

dYdX

Browser Wallet Non-custodial

5x

0.05%

Helix

Browser Wallet Non-custodial

5.5x

0.0001%

Hyperliquid

Browser Wallet Non-custodial

5x

0.045%

Lighter

Browser Wallet Non-custodial

5x

0%

Paradex

Browser Wallet Non-custodial

5x

0%

How to start trading Morpho from Cambodia

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 MORPHO-PERP

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

MORPHO-PERPPerpetual · USDC marginLONG

04.

Choose Buy / Long, then set size and leverage

Buying $1,000 of MORPHO 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 — Cambodia

Capital gains from cryptocurrency sales are taxed at a flat rate of 20%.