Asset × Country · Legal Status

How to Trade Pudgy Penguins (PENGU) in Costa Rica

STATUSLegal REGULATORSUGEF CLASSCrypto

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

Pudgy Penguins · PENGU-PERPCrypto · Costa Rica

Price · 24h—

Max leverage5x

Funding · APR—

In Costa RicaAvailable

Canborsa fee0.07% per side

Pudgy Penguins in Costa Rica · at a glance

Legal

legal statusPudgy Penguins exposure from Costa Rica

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 Costa Rica?

Spot crypto is lawful in Costa Rica and has never been prohibited, but it is not money: Ley 10961, published in Alcance 78 to La Gaceta 113 on 19 June 2026, defines a virtual asset as a digital representation of value that can be traded or transferred digitally and used for payments or investment, and states expressly that this does not mean it is recognised as legal tender in the country or as a currency by the Banco Central de Costa Rica.

What the contract is

A perpetual on PENGU tracks price and does not confer ownership of the underlying — the same contract mechanics apply in every jurisdiction; what differs by country is legal status and funding rails.

Regulator — Costa Rica

RegulatorSUGEF

Websitewww.sugef.fi.cr

CryptoLegal

Funding · local rails

How to fund a trade from Costa Rica

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

SINPE Móvil

WORKS

The central bank's retail instant rail to mobile-linked accounts.

Bank transfer (SINPE)

WORKS

The central bank-run national payment system, the ordinary way accounts move money domestically; individual banks' crypto policies untested.

Credit/debit card

LIMITS

Card funding is an issuer decision with no regulatory bar found in the law.

WORKS

Peer-to-peer transfer is unrestricted, though a habitual dealer becomes a regulated provider from September 2026.

Availability · by platform

Platforms that offer Pudgy Penguins perps in Costa Rica

9 venues open Pudgy Penguins perps to traders in Costa Rica.

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 Costa Rica

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%