Asset × Country · Legal Status

How to Trade Pudgy Penguins (PENGU) in Laos

STATUSUnclear REGULATORBank of the Lao P.D.R CLASSCrypto

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

Pudgy Penguins · PENGU-PERPCrypto · Laos

Price · 24h—

Max leverage5x

Funding · APR—

In LaosAvailable

Canborsa fee0.07% per side

Pudgy Penguins in Laos · at a glance

Unclear

legal statusPudgy Penguins exposure from Laos

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 Laos?

Laos permits cryptocurrency trading through licensed platforms (LDX, Bitqik) issued by the Bank of the Lao P.D.R., but the framework is highly restrictive. While trading is technically legal, the government plans to cut electricity supply to crypto miners starting Q1 2026 to prioritize other sectors. The central bank has explicitly stated cryptocurrencies are not legal tender and cannot be used as official payment tools, and it warns investors about unregulated foreign platforms.

What the contract is

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

Regulator — Laos

RegulatorBank of the Lao P.D.R

Websitewww.bol.gov.la

CryptoRegulated

Funding · local rails

How to fund a trade from Laos

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

Bank Transfer

BLOCKED

Blocked: the central bank bars financial institutions from engaging in or encouraging cryptocurrency transactions.

Mobile Money

BLOCKED

Blocked by the same central bank rule against financial institutions engaging in cryptocurrency transactions.

Debit Card

BLOCKED

The Bank of Lao PDR bars bank customers from using bank cards for crypto purchases.

WORKS

Remitano runs peer-to-peer USDT trading against Lao Kip, limited to that one platform.

Availability · by platform

Platforms that offer Pudgy Penguins perps in Laos

9 venues open Pudgy Penguins perps to traders in Laos.

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 Laos

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 — Laos

Share sales and similar dispositions are subject to 2% income tax on the selling price.