Asset × Country · Legal Status

Trade Pendle in Vietnam

STATUSRegulated CLASSCrypto

Pendle (PENDLE) is tradable as a perpetual from Vietnam: the legal status, working funding rails and the practical route are below.

Pendle · PENDLE-PERPCrypto · Vietnam

Price · 24h—

Max leverage5x

Funding · APR—

In VietnamAvailable

Canborsa fee0.07% per side

Pendle in Vietnam · at a glance

Regulated

legal statusPendle exposure from Vietnam

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 Vietnam?

Vietnam moved from tolerated grey market to a licensed pilot in 2025. Resolution 05/2025/NQ-CP, in force from 9 September 2025, opens a five-year pilot crypto asset market: crypto assets may be used for exchange or investment, all offering, issuance, trading and settlement must be in Vietnamese dong, and domestic and foreign investors may open accounts at providers licensed by the Ministry of Finance. The licence bar is high — VND 10,000 billion of contributed charter capital, at least 65% held by organisations, foreign ownership capped at 49% — and the Ministry of Finance, with the Ministry of Public Security and the State Bank, selects up to five providers in total.

What the contract is

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

Regulator — Vietnam

Websitemof.gov.vn

CryptoRegulated

Funding · local rails

How to fund a trade from Vietnam

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

VND bank transfer

WORKS

The only rail the pilot regime allows: settlement in dong through one licensed VND account, reported quarterly.

LIMITS

Once the dominant route to offshore venues, now closed for domestic investors once a licensed provider exists.

Debit/credit card

LIMITS

Issuer-dependent; the pilot Resolution does not address card funding.

E-wallets (MoMo, ZaloPay, VietQR)

BLOCKED

Domestic e-wallets and QR rails are not used to fund crypto accounts in observed market practice.

Availability · by platform

Platforms that offer Pendle perps in Vietnam

9 venues open Pendle perps to traders in Vietnam.

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 Vietnam

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 — Vietnam

No crypto-specific rate exists yet. Until Vietnam promulgates tax policy for the crypto asset market, the tax rules for securities apply to the trading, transfer and business of crypto assets. Resolution 05/2025/NQ-CP states no percentage rate.