Asset × Country · Legal Status

How to Trade Pendle (PENDLE) in Malaysia

STATUSLegal REGULATORSC CLASSCrypto

From Malaysia, exposure to Pendle runs through a USDC-settled perpetual.

Pendle · PENDLE-PERPCrypto · Malaysia

Price · 24h—

Max leverage5x

Funding · APR—

In MalaysiaAvailable

Canborsa fee0.07% per side

Pendle in Malaysia · at a glance

Legal

legal statusPendle exposure from Malaysia

max leveragePendle on Canborsa

0.07%

0.14% round-tripCanborsa fee per side

funding intervalSettled while a position is open

What the law actually says

Is Pendle trading legal in Malaysia?

Spot crypto sits inside the regulated perimeter: the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 made digital currencies and digital tokens securities, so the Securities Commission Malaysia regulates the trading, issuance and safekeeping of digital assets, while Bank Negara Malaysia holds the payments side and has stated that digital assets are not a payment instrument it regulates and are not legal tender. A resident may hold and trade crypto, but through a Recognized Market Operator that the SC has registered to run a Digital Asset Exchange — six of them at this check: HATA Digital, Luno Malaysia, MX Global, SINEGY DAX, Kinetic DAX and Kapital DX.

What the contract is

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

Regulator — Malaysia

RegulatorSC

Websitewww.sc.com.my

CryptoLegal

Funding · local rails

How to fund a trade from Malaysia

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

FPX online banking transfer

WORKS

The default MYR rail on SC-registered exchanges, per Hata's fee table, but the payer's bank account must be Malaysian.

DuitNow / IBFT instant bank transfer

WORKS

Works and is what venues request for transfer deposits, crediting instantly versus days for Interbank GIRO.

Local bank transfer (internet banking)

LIMITS

Accepted only from the customer's own Malaysian bank account; cheque, ATM, cash and third-party deposits rejected.

E-wallet

LIMITS

Available only at Hata with a low RM1,000 ceiling and a fee; a top-up rail.

Debit/credit card

LIMITS

Hata advertises card funding for Auto-Invest but omits it from its limit table; MX Global excludes it entirely.

BLOCKED

Running a P2P desk without SC registration is an offence, and the SC has acted against unregistered platforms, ordering Bybit offline.

Availability · by platform

Platforms that offer Pendle perps in Malaysia

9 venues open Pendle perps to traders in Malaysia.

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%

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%

Paradex

Browser Wallet Non-custodial

10x

0%

How to start trading Pendle from Malaysia

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 PENDLE-PERP

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

PENDLE-PERPPerpetual · USDC marginLONG

04.

Choose Buy / Long, then set size and leverage

Buying $1,000 of PENDLE 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 — Malaysia

No crypto-specific rate exists. Whether a gain is taxed at all turns on the badges of trade: a disposal that is capital in nature is outside Malaysia's capital gains tax, because for movable property situated in Malaysia only unlisted shares of Malaysian-incorporated companies are within CGT. A gain of a trading or revenue nature is taxable as income under the Income Tax Act 1967 at the taxpayer's ordinary rates.