Asset × Country · Legal Status

How to Trade Pudgy Penguins (PENGU) in Chile

STATUSLegal REGULATORCMF CLASSCrypto

From Chile, exposure to Pudgy Penguins runs through a USDC-settled perpetual.

Pudgy Penguins · PENGU-PERPCrypto · Chile

Price · 24h—

Max leverage5x

Funding · APR—

In ChileAvailable

Canborsa fee0.07% per side

Pudgy Penguins in Chile · at a glance

Legal

legal statusPudgy Penguins exposure from Chile

max leveragePudgy Penguins on Canborsa

0.07%

0.14% round-tripCanborsa fee per side

funding intervalSettled while a position is open

What the law actually says

Is Pudgy Penguins trading legal in Chile?

Chile treats crypto as a lawful, named category of financial asset. Ley 21.521 (the 'Ley Fintec', promulgated 22 December 2022 and published in the Diario Oficial on 4 January 2023) defines 'activos financieros virtuales o criptoactivos' in its Article 3 as a digital representation of units of value, goods or services other than money, and folds them into the statutory idea of an 'instrumento financiero'. An individual may buy, hold and sell crypto, and the tax authority treats the gains as ordinary taxable income.

What the contract is

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

Regulator — Chile

RegulatorCMF

Websitewww.cmfchile.cl

CryptoLegal

Funding · local rails

How to fund a trade from Chile

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

Bank Transfer

WORKS

Listed as a payment method on one exchange serving Chile.

Debit Card

WORKS

Listed on one exchange's Chile page as accepted for credit, debit, or prepaid card purchases.

P2P Marketplace

WORKS

Lets users buy USDT with pesos from verified sellers under escrow.

Availability · by platform

Platforms that offer Pudgy Penguins perps in Chile

9 venues open Pudgy Penguins perps to traders in Chile.

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

20x

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

8x

0%

Pacifica

Browser Wallet Non-custodial

5x

0.04%

How to start trading Pudgy Penguins from Chile

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 PENGU-PERP

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

PENGU-PERPPerpetual · USDC marginLONG

04.

Choose Buy / Long, then set size and leverage

Buying $1,000 of PENGU 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 — Chile

No crypto-specific rate was found. The SII classifies crypto trading income under Art. 20 No. 5 of the Income Tax Law, so it carries the general income taxes (Impuesto de Primera Categoría plus Impuesto Global Complementario or Impuesto Adicional), and it holds that the sale of crypto is not subject to VAT because it falls on intangible goods. The ruling states no rate figures and none are supplied here.