How to Trade Pudgy Penguins (PENGU) in Colombia

Getting Pudgy Penguins exposure from Colombia takes a wallet and USDC; the legal status and rail-by-rail detail follow.

Is Pudgy Penguins trading legal in Colombia?

Colombia neither bans crypto nor licenses it, and those are two different facts that a reader has to hold at once. An individual may lawfully buy, hold and sell crypto-assets, and the tax authority treats that as ordinary asset ownership: DIAN's Concepto Unificado on criptoactivos of 17 October 2023 classifies crypto-assets as intangible assets that form part of a taxpayer's patrimonio and can produce taxable income, and it obliges Colombian tax residents to report their holdings every year.

What Colombia does not have is a supervisory regime. On 26 July 2024 the Superintendencia Financiera stated that it does not supervise, regulate, oversee, endorse or grant permits for transactions or business models based on virtual assets, and that dealings in digital or crypto-assets are not part of the financial system.

What the contract is

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

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

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

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

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.

No crypto-specific rate. DIAN treats crypto-assets as intangible assets (bienes inmateriales o incorporales): holdings are declared in patrimonio at 31 December each year, and profits fall under the ordinary impuesto sobre la renta y complementarios; there is no dedicated crypto regime. Airdrop rewards are the one carve-out the concept names, treated as ganancia ocasional under art. 302 of the Estatuto Tributario.

Trading PENGU from Colombia: legal.

Regulator for Pudgy Penguins trading in Colombia: Superintendencia Financiera de Colombia (SFC).

Colombia's Financial Information and Analysis Unit (UIAF) and Financial Superintendency (SFC) require crypto ecosystem players to implement KYC controls, transaction monitoring, and suspicious-transaction reporting in line with FATF standards.

Colombia traders can fund Pudgy Penguins positions using Bank transfer (COP).