Asset × Country · Legal Status

Trade Ondo Finance in Australia

STATUSLegal REGULATORASIC CLASSCrypto

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

Ondo Finance · ONDO-PERPCrypto · Australia

Price · 24h—

Max leverage10x

Funding · APR—

In AustraliaAvailable

Canborsa fee0.07% per side

Trade ONDO on Canborsa ›

Ondo Finance in Australia · at a glance

Legal

legal statusOndo Finance exposure from Australia

10x

max leverageOndo Finance on Canborsa

0.07%

0.14% round-tripCanborsa fee per side

funding intervalSettled while a position is open

What the law actually says

Is Ondo Finance trading legal in Australia?

Australia treats spot crypto and crypto derivatives as different regulatory objects and gives them different answers, but neither is banned. Holding and trading crypto is lawful — ASIC's consumer site describes buying and selling crypto on a trading platform as an ordinary thing to do while warning it is highly speculative — though it is careful to say that crypto-assets, even Australian dollar stablecoins, are not legal tender in Australia and are not widely accepted as payment. The government was consulting on exposure-draft legislation to bring digital asset platforms and tokenised custody platforms in as new financial products when INFO 225 was last updated, so this perimeter is expected to move.

What the contract is

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

Regulator — Australia

RegulatorASIC

Websiteasic.gov.au

CryptoLegal

Funding · local rails

How to fund a trade from Australia

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

PayID

WORKS

The everyday rail: AUD 5 minimum, free and near-instant on Kraken, with no withdrawal hold.

Bank transfer / Osko

LIMITS

AUD 5 minimum and free, near-instant via Osko, but Kraken says its deposit limits vary dynamically.

RTGS (real time gross settlement)

LIMITS

Built for large deposits: AUD 100 minimum and a flat AUD 33 fee, settling in 0-1 business days.

Debit or credit card (including Apple Pay / Google Pay)

LIMITS

AUD 0.25 plus 3.75% and near-instant; Apple Pay and Google Pay carry a higher AUD 14 minimum.

PayPal

LIMITS

AUD 1 minimum and near-instant, but the deposit is locked 72 hours before it can be withdrawn.

Availability · by platform

Platforms that offer Ondo Finance perps in Australia

11 venues open Ondo Finance perps to traders in Australia.

Platform

Sign-up

Max lev

Taker fee

CanborsaSign up›

Browser Wallet Non-custodial

10x

0.07%

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%

gTrade

Browser Wallet Non-custodial

150x

0.035%

Helix

Browser Wallet Non-custodial

5.5x

0.0001%

Hyperliquid

Browser Wallet Non-custodial

10x

0.045%

Lighter

Browser Wallet Non-custodial

10x

0%

Ondo

Browser Wallet Non-custodial

10x

0.025%

Paradex

Browser Wallet Non-custodial

10x

0%

How to start trading Ondo Finance from Australia

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 ONDO-PERP

Pick ONDO in the markets list. The ticket shows the live price, the current funding rate and max leverage 10x .

ONDO-PERPPerpetual · USDC marginLONG

04.

Choose Buy / Long, then set size and leverage

Buying $1,000 of ONDO 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 — Australia

Cryptocurrency in Australia is taxed at rates between 0% and 45%, with a 50% capital gains discount for crypto held longer than a year before disposal.

Frequently asked questions

Can I legally trade ONDO while living in Australia?›

Trading ONDO from Australia: legal.

What authority governs Ondo Finance trading in Australia?›

Australian Securities and Investments Commission (ASIC).

Is ID verification required to trade Ondo Finance from Australia?›

For Ondo Finance traders in Australia: KYC obligations and AML compliance are compulsory for cryptocurrency exchanges in Australia, according to ASIC.

What venues offer Ondo Finance trading to residents of Australia?›

Australia residents can trade Ondo Finance on 17 platforms, including Aevo, ApeX and Aster.

Can I trade ONDO with leverage from Australia?›

Canborsa offers up to 10x leverage on Ondo Finance for traders based in Australia.

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